Let's dig into the relative performance of Zevia PBC (NYSE:ZVIA) and its peers as we unravel the now-completed Q4 beverages and alcohol earnings season.

These companies' performance is influenced by brand strength, marketing strategies, and shifts in consumer preferences. Changing consumption patterns are particularly relevant and can be seen in the explosion of alcoholic craft beer drinks or the steady decline of non-alcoholic sugary sodas. Companies that spend on innovation to meet consumers where they are with regards to trends can reap huge demand benefits while those who ignore trends can see stagnant volumes. Finally, with the advent of the social media, the cost of starting a brand from scratch is much lower, meaning that new entrants can chip away at the market shares of established players.

The 14 beverages and alcohol stocks we track reported a weaker Q4; on average, revenues were in line with analyst consensus estimates. while next quarter's revenue guidance was 20.2% below consensus. Stocks have been under pressure as inflation (despite slowing) makes their long-dated profits less valuable, but beverages and alcohol stocks held their ground better than others, with share prices down 2.3% on average since the previous earnings results.

Zevia PBC (NYSE:ZVIA)

With a primary focus on soda but also a presence in energy drinks and teas, Zevia (NYSE:ZVIA) is a better-for-you beverage company.

Zevia PBC reported revenues of $37.79 million, up 6.9% year on year, topping analyst expectations by 1.2%. It was a weak quarter for the company, with revenue guidance for next quarter missing analysts' expectations.

“Our fourth quarter volume growth reflects continued underlying consumer demand, a healthy business within our core customer base and exciting growth levels with developing customers,” said Amy Taylor, President and Chief Executive Officer.

The stock is down 24.8% since the results and currently trades at $1.21.

Read our full report on Zevia PBC here, it's free.

Best Q4: Vita Coco (NASDAQ:COCO)

Founded in 2004 followed by a 2021 IPO, The Vita Coco Company (NASDAQ:COCO) offers coconut water products that are a natural way to quench thirst.

Vita Coco reported revenues of $106.1 million, up 15.4% year on year, outperforming analyst expectations by 7%. It was a very strong quarter for the company, with an impressive beat of analysts' earnings and revenue estimates. On the other hand, its full-year revenue guidance was underwhelming. However, adjusted EBITDA guidance came in ahead, which is sure to blunt the impact of the below-Consensus revenue guidance.

Vita Coco pulled off the biggest analyst estimates beat and highest full-year guidance raise among its peers. The stock is up 13.7% since the results and currently trades at $25.51.

Is now the time to buy Vita Coco? Access our full analysis of the earnings results here, it's free.

Weakest Q4: Boston Beer (NYSE:SAM)

Known for its flavorful beverages challenging the status quo, Boston Beer (NYSE:SAM) is a pioneer in craft brewing and a symbol of American innovation in the alcoholic beverage industry.

Boston Beer reported revenues of $393.7 million, down 12% year on year, falling short of analyst expectations by 4.8%. It was a weak quarter for the company, with a miss of analysts' revenue and EPS estimates.

Boston Beer had the slowest revenue growth in the group. The stock is down 19.8% since the results and currently trades at $296.35.

Read our full analysis of Boston Beer's results here.

Anheuser-Busch (NYSE:BUD)

Born out of a complicated web of mergers and acquisitions, Anheuser-Busch InBev (NYSE:BUD) boasts a powerhouse beer portfolio of Budweiser, Stella Artois, Corona, and local favorites around the world.

Anheuser-Busch reported revenues of $14.47 billion, down 1.3% year on year, falling short of analyst expectations by 7.2%. It was a weak quarter for the company, with a miss of analysts' revenue estimates.

Anheuser-Busch had the weakest performance against analyst estimates among its peers. The stock is down 3.6% since the results and currently trades at $60.2.

Read our full, actionable report on Anheuser-Busch here, it's free.

Duckhorn (NYSE:NAPA)

With many of their grapes sourced from the famous Napa Valley region of California, The Duckhorn Portfolio (NYSE:NAPA) is a producer of premium wines and known for its Merlot and other Bordeaux varietals.

Duckhorn reported revenues of $103 million, down 0.4% year on year, falling short of analyst expectations by 2%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations and a miss of analysts' revenue estimates.

The stock is down 4.9% since the results and currently trades at $8.99.

Read our full, actionable report on Duckhorn here, it's free.

Join Paid Stock Investor Research

Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.