This Red Bull Rival Is Now the Top-Performing Drinks Company
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Red Bull competitor Carabao Group Pcl is once again the world’s top performing soft-drink stock after rebounding from a record share-price slump last year.
A recovery in earnings helped catapult the Thai stock past the likes of Monster Beverage Corp. and PepsiCo Inc. with a total return of 91 percent, according to data compiled by Bloomberg. The surge is the biggest globally in 2019 among soft-drink makers with a market value of at least $1 billion -- and steep enough for some analysts to sound a note of caution.