Monster Beverage (MNST) Sales Accelerate

May 3, 2013 1:25 PM EDT
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Monster Beverage Corporation (Nasdaq: MNST) sales accelerated to 10.1% from 8,3% last period, according to Nielsen data. Analyst Judy E. Hong of Goldman Sachs noted this was against "slightly easier comp."

"Volume was the key driver of MNST sales growth, up +10.2%, while price/mix was a 10bp drag. Red Bull led the category at +16.6% as new products drove a sales acceleration. MNST gained 50bp of sales share this period, largely at the expense of Rockstar (-70bp) and Pepsi (NYSE: PEP) (-130 bp)," said Hong.

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