Jun. 8 at 9:54 PM
Most energy drinks, including
$CELH
brands are sold at c-stores.
A sales analysis by the trade group found that the number of pump transactions at the properties of 130 convenience store companies fell by nearly 10% across March and April compared with the same two months last year.
The number of sales inside the companies’ stores dropped by 10.4%, according to the analysis.
$CELH
is delivering strong blended YoY growth even through this temporary headwind from increased gas prices. Once this trend reverses, it becomes a tailwind.
Also notable is energy drinks are part of a larger trend of declining alcohol sales with Gen Z and increased energy drink consumption, which is driving a transition of additional shelf space into that category.
