Monster Beverage Reports 2020 First Quarter Financial Results Including an Update on the Impact of the COVID-19 Pandemic

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Monster Beverage (MNST) Tops Q1 EPS by 4c, Revs Beat

May 7, 2020 4:18 PM EDT

Monster Beverage (NASDAQ: MNST) reported Q1 EPS of $0.52, $0.04 better than the analyst estimate of $0.48. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1 billion.

COVID-19 Pandemic

From the beginning of the COVID-19 pandemic, the Companys top priority has been the health, safety and well-being of its employees. Early in March 2020, the Company implemented global travel restrictions and work-from-home policies for employees who are able to work remotely. For those employees who are unable to work remotely, safety precautions have been instituted, which were developed and adopted in line with... More