Monster Beverage (MNST) Tops Q1 EPS by 4c

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Go back to Monster Beverage (MNST) Tops Q1 EPS by 4c

Monster Beverage (MNST) earnings boosted by price hikes

May 5, 2023 9:11 AM EDT

Monster Beverage (NASDAQ: MNST) reported better-than-expected earnings and revenue in the first quarter, with price increases positively impacting its results.

The energy drink company reported Q1 EPS of $0.38, $0.04 better than the analyst estimate of $0.34. Revenue for the quarter came in at $1.7 billion, a record for the quarter, while it was also above the consensus estimate of $1.69 billion.

However, the company said it faced foreign... More