Monster Beverage (MNST) Q2 Revenue Falls Short of Views
Monster Beverage (NASDAQ: MNST) reported Q2 EPS of $1.26, may not compare to the analyst estimate of $0.91. Revenue for the quarter came in at $693.7 million versus the consensus estimate of $755.9 million.
- Coca-Cola transaction closed mid-June 2015
- Profitability positively impacted by $161.5 million of gain on sale of non-energy business
- Sales growth negatively impacted by transition disruptions, due in part to lower inventory levels maintained by bottlers in the transitioned territories and uncertainties internationally with certain distributors outside of the Coca-Cola network
- Foreign exchange movements negatively impacted revenues and profits
- Profitability negatively impacted by $12.2 million as a result of distributor termination obligations and $11.5 million transaction expenses associated with the Coca-Cola transaction
For earnings history and earnings-related data on Monster Beverage (MNST) click here.
