Monster Beverage (MNST) Misses Q4 EPS by 2c, Sales Miss
Monster Beverage (NASDAQ: MNST) reported Q4 EPS of $0.35, $0.02 worse than the analyst estimate of $0.37. Net sales for the quarter came in at $810.4 million versus the consensus estimate of $843.04 million.
Net sales and gross sales in the 2017 fourth quarter were adversely affected by inventory reductions by certain of our international distributors. The Company estimates that net sales in the 2017 fourth quarter were adversely affected by approximately 2 percent due to such reductions.
Rodney C. Sacks, Chairman and Chief Executive Officer, said: “Our strategic alignment with Coca-Cola system bottlers continues to progress. During the fourth quarter, we launched our Monster Energy® brand in a number of smaller countries with Coca-Cola system bottlers, and are currently planning for further launches or transitions in 2018, including in Argentina, Armenia, Belarus and Tanzania in the first quarter and are at an advanced stage for a relaunch of our Monster Energy® brand in India. In the United States, we are in the process of launching Caffé Monster™, an energy coffee, in 13.7 oz. glass bottles in three flavors, as well as Muscle Monster® in 15 oz. plastic bottles in two flavors. Further product launches are planned for 2018 in both our domestic and international markets, including Mutant®, positioned as an affordable energy brand, in South East Asia and Pakistan in the first half of 2018,” Sacks added.
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