Monster Beverage (MNST) Tops Q2 EPS by 6c, Sales Light

Monster Beverage (NASDAQ: MNST) reported Q2 EPS of $0.81, $0.06 better than the analyst estimate of $0.75. Revenue for the quarter came in at $687.2 million versus the consensus estimate of $693.5 million.

Rodney C. Sacks, Chairman and Chief Executive Officer, said: "We are pleased to report another quarter of continuing sales growth, in both our domestic and international markets. In the quarter, sales of our original green Monster Energy® drink continued to grow in excess of reported growth for the energy category over that period. We launched a new Monster Energy® Valentino Rossi energy drink that was positioned as a summer promotion in selected countries in Europe and South Africa, which has been well received by both retail buyers and consumers. We also are proceeding with our plans to introduce Monster Energy® brand energy drinks in additional international markets.

"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 12 billion Monster Energy® brand energy drinks over the past 12 years," Sacks added.

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

You May Also Be Interested In

• Nanometrics (NANO) Issues Business Update, Reports FY23 Results
• Impinj (PI) Tops Q1 EPS by 11c, provides guidance
• Meritage Homes Corporation (MTH) Tops Q1 EPS by 151c; offers guidance