UPDATE: Monster Beverage (MNST) Misses Q1 EPS by 9c
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(Updated - May 8, 2013 5:54 PM EDT)
Monster Beverage (NASDAQ: MNST) reported Q1 EPS of $0.37, $0.09 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $484.2 million versus the consensus estimate of $501.74 million.
Rodney C. Sacks, Chairman and Chief Executive Officer, said: "While we are pleased to report another quarter of sales growth, there were a number of exceptional costs that affected profitability in the quarter. Despite the single digit category growth rates we are seeing, the Monster Energy® brand continued to grow in excess of category growth, both in North America and Europe. Monster Energy® Zero Ultra, launched in the third quarter of 2012, has gained considerable traction, and has become our second best-selling product. We are continuing to plan launches in new international markets," Sacks said: "We reiterate that our energy drinks are safe, based on both our and the industry's long track record and the scientific evidence supporting the safety of our ingredients. More than 50 billion cans of energy drinks have been sold and safely consumed worldwide over the past 25 years, including more than 9 billion Monster Energy® brand energy drinks."
During the conference call, Sacks said Q1 softness was due in part to negative publicity. The company also noted slower sales in some international markets.
For earnings history and earnings-related data on Monster Beverage (MNST) click here.
Monster Beverage (NASDAQ: MNST) reported Q1 EPS of $0.37, $0.09 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $484.2 million versus the consensus estimate of $501.74 million.
Rodney C. Sacks, Chairman and Chief Executive Officer, said: "While we are pleased to report another quarter of sales growth, there were a number of exceptional costs that affected profitability in the quarter. Despite the single digit category growth rates we are seeing, the Monster Energy® brand continued to grow in excess of category growth, both in North America and Europe. Monster Energy® Zero Ultra, launched in the third quarter of 2012, has gained considerable traction, and has become our second best-selling product. We are continuing to plan launches in new international markets," Sacks said: "We reiterate that our energy drinks are safe, based on both our and the industry's long track record and the scientific evidence supporting the safety of our ingredients. More than 50 billion cans of energy drinks have been sold and safely consumed worldwide over the past 25 years, including more than 9 billion Monster Energy® brand energy drinks."
During the conference call, Sacks said Q1 softness was due in part to negative publicity. The company also noted slower sales in some international markets.
For earnings history and earnings-related data on Monster Beverage (MNST) click here.
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