Monster Beverage (MNST) Tops Q1 EPS by 6c; Plans to Conduct $2B 'Dutch Auction' Tender Offer

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Go back to Monster Beverage (MNST) Tops Q1 EPS by 6c; Plans to Conduct $2B 'Dutch Auction' Tender Offer

Monster Beverage Reports 2016 First Quarter Financial Results

April 29, 2016 8:55 AM EDT

        -- First quarter net sales rise to $680.2 million --

-- Company currently intends to commence tender offer to repurchase up to $2.0 billion of common stock --

CORONA, Calif., April 29, 2016 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the first quarter ended March 31, 2016.

In connection with the long-term strategic partnership entered into with The Coca-Cola Company (the TCCC Transaction), the comparable 2015 first quarter financial results included distributor termination costs of $206.0 million, $39.8 million of acceleration... More