Goldman Sachs on Beverages in America: What Convenience...In C-Stores (MNST, TAP, STZ, SAM & KO)
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Price: $55.62 -1.99%
Rating Summary:
7 Buy, 3 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Rating Summary:
7 Buy, 3 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Trade MNST Now!
Goldman Sachs on Beverages in America: What Convenience...In C-Stores
Analyst, Judy E. Hong, made note of four companies including: 1) Monster (Nasdaq: MNST), MillerCoors (NYSE: TAP), Crown (NYSE: STZ), and Boston Beer (NYSE: SAM).
Citing Nielsen (Nasdaq: NLSN), Sales in Convenience stores (C-stores) in the four weeks ending June 9, 2012, the energy category blossomed 23.6%, almost the same as last month.
For MNST: Sales were up 28.7% as Rehab continues to add to solid core growth. Coffee/Energy drinks are also picking up.
On TAP: Beverages remain a laggard, losing share with volumes up only 0.8%. However, longer-term (12wks) sales are up 2.8%, compared to the first 12wks of the year, which only gained 1.3%.
Crown (A Constellation Brand (STZ)) - consumption remains strong, with volumes up 15.4% this month, and only about 1% above year-to-date increase (14.2%)
SAM: SAM’s beer (excludes tea and cider) sales were up 8.2% on 7% volume vs. volumes of 8.7% last year. Overall trends positive, but this month,
Also of note in the C-stores: Red Bull was also strong at +30% gaining 190 bp of share. Rockstar and Coke (NYSE: KO) energy brands both had sales up about 7-8% this month.
Shares of MNST have been a monster, more than doubling in the past 12 months as sales continue to be at the high end of the category.
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Analyst, Judy E. Hong, made note of four companies including: 1) Monster (Nasdaq: MNST), MillerCoors (NYSE: TAP), Crown (NYSE: STZ), and Boston Beer (NYSE: SAM).
Citing Nielsen (Nasdaq: NLSN), Sales in Convenience stores (C-stores) in the four weeks ending June 9, 2012, the energy category blossomed 23.6%, almost the same as last month.
For MNST: Sales were up 28.7% as Rehab continues to add to solid core growth. Coffee/Energy drinks are also picking up.
On TAP: Beverages remain a laggard, losing share with volumes up only 0.8%. However, longer-term (12wks) sales are up 2.8%, compared to the first 12wks of the year, which only gained 1.3%.
Crown (A Constellation Brand (STZ)) - consumption remains strong, with volumes up 15.4% this month, and only about 1% above year-to-date increase (14.2%)
SAM: SAM’s beer (excludes tea and cider) sales were up 8.2% on 7% volume vs. volumes of 8.7% last year. Overall trends positive, but this month,
Also of note in the C-stores: Red Bull was also strong at +30% gaining 190 bp of share. Rockstar and Coke (NYSE: KO) energy brands both had sales up about 7-8% this month.
Shares of MNST have been a monster, more than doubling in the past 12 months as sales continue to be at the high end of the category.
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