Monster Beverage (MNST) Tops Q3 EPS by 3c

(Updated - November 5, 2015 4:11 PM EST)

Monster Beverage (NASDAQ: MNST) reported Q3 EPS of $0.84, $0.03 better than the analyst estimate of $0.81. Revenue for the quarter came in at $756.6 million versus the consensus estimate of $736.93 million.

Rodney C. Sacks, Chairman and Chief Executive Officer, said: "We are pleased to report good progress on the implementation of our strategic alignment with Coca-Cola bottlers. We commenced distribution with the Coca-Cola bottler in Germany in early July, and are pleased with the progress in that country. We have entered into a number of distribution agreements for various other international markets served by the Coca-Cola bottler system, which will be implemented over the following months. In the United States, we are seeing continued improvement in distribution.

"Although we achieved another quarter of sales growth, distributor transitions and uncertainties in portions of our international non-Coca-Cola distribution network limited further revenue growth during the quarter. Changes in foreign currency exchange rates also adversely affected our results," Sacks added.

For earnings history and earnings-related data on Monster Beverage (MNST) click here.

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