Coffee sales rose in the first few weeks of the global halt, but then fell 15% in September. Major coffee companies are rethinking their strategy in order to raise sales and expand their online presence. The pandemic-driven recession took a toll on the $100 billion coffee sector. McDonald’s Corporation announced a 57 percent growth in revenue to $5.9 billion in the second quarter. In the third quarter of 2021, Starbucks Corporation stated that mobile orders using the company’s app accounted for 25% of all transactions at Starbucks locations. Nestle S.A. reported $46.3 billion in net sales for the first half of the year. Approximately 2021, the company’s coffee business brought in $2.37 billion in revenue. In the last three months, Nestle’s stock has increased by 7.1 percent.
Here is Insider Monkey’s list of the 10 best coffee stocks to invest in. Coffee Holding Co. was founded in 1971 and first went public in 2005. As businesses reopen, the company expects to see a return to positive quarter-over-quarter revenue growth. The company’s stock has increased by 98 percent in the last year. Nestle S.A. is ranked 9th among the top ten coffee stocks to buy. Pharmaceuticals, frozen food, pet items, and coffee products are among the products offered by the food and beverage company. Farmer Brothers Company is ranked eighth among the top ten coffee stocks to buy. As the world continues to recover, the company is optimistic that sales will return to pre-pandemic levels, and sales in the reported quarter were the most stable since the pandemic. Restaurant Brands International is ranked seventh among the top ten coffee stocks to buy. The company announced $0.77 adjusted EPS in the second quarter, topping analyst projections of $0.61. In the last year, the stock has increased by 18%. Keurig Dr. Pepper Inc. is ranked sixth among the top coffee stocks to buy. Green Mountain Coffee Roasters and The Original Donut Shop are among the company’s 125 brands. In the last year, Keurig’s stock has increased by 14%. For more details, click 10 Best Coffee Stocks to Invest In.
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