Monster(MNST)

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Monster(MNST) - 2023 Q4 - Annual Results
2024-02-27 16:00
Exhibit 99.1 PondelWilkinson Inc. 2945 Townsgate Road, Suite 200 Westlake Village, CA 91361 Investor Relations T (310) 279 5980 Strategic Public Relations Wwww.pondel.com CONTACTS: Rodney C. Sacks Chairman and Co-Chief Executive Officer (951) 739-6200 NEWS Hilton H. Schlosberg RELEASE Vice Chairman and Co-Chief Executive Officer (951) 739-6200 Roger S. Pondel / Judy Lin PondelWilkinson Inc. (310) 279-5980 MONSTER BEVERAGE REPORTS 2023 FOURTH QUARTER AND FULL-YEAR FINANCIAL RESULTS -- Record Fourth Quarter N ...
Seeking Clues to Monster Beverage (MNST) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Zacks Investment Research· 2024-02-23 15:21
Wall Street analysts expect Monster Beverage (MNST) to post quarterly earnings of $0.39 per share in its upcoming report, which indicates a year-over-year increase of 34.5%. Revenues are expected to be $1.75 billion, up 15.9% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company announces its earnings, it is essenti ...
Monster Beverage (MNST) Looks Poised for Earnings Beat in Q4
Zacks Investment Research· 2024-02-22 13:21
Monster Beverage Corporation (MNST) is expected to report fourth-quarter 2023 results on Feb 28, after the closing bell. The beverage company is anticipated to have witnessed revenue and earnings growth in the to-be-reported quarter.The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $1.75 billion, indicating growth of 15.9% from the reported figure in the year-ago quarter. The consensus estimate for earnings of 39 cents per share suggests growth of 34.5% from the year-ago quarter’s actual ...
Monster Beverage (MNST) Advances While Market Declines: Some Information for Investors
Zacks Investment Research· 2024-02-21 00:01
The most recent trading session ended with Monster Beverage (MNST) standing at $55.40, reflecting a +0.69% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.6% loss on the day. Elsewhere, the Dow saw a downswing of 0.17%, while the tech-heavy Nasdaq depreciated by 0.92%.The energy drink maker's stock has dropped by 2.31% in the past month, falling short of the Consumer Staples sector's gain of 1.81% and the S&P 500's gain of 3.56%.Market participants will be closely follow ...
Why Monster Beverage is the best-performing stock of the last 30 years
CNBC· 2024-02-17 13:00
Core Insights - Monster Beverage has been the best-performing stock over the past three decades, with a stock appreciation of about 200,000% since 1994, turning a $1,000 investment into approximately $2 million today [1][3] - The company's success is attributed to its leadership, particularly co-CEOs Rodney Sacks and Hilton Schlosberg, who effectively capitalized on the emerging energy drink market [1][2] Company Performance - In Q3 of the previous year, Monster Beverage reported net sales of $1.86 billion, marking a 14.3% increase year-over-year, with the Monster Energy segment contributing $1.71 billion [2] - The company was originally founded as Hansen's in 1935 and underwent a transformation after being acquired and taken public in 1990, with its stock price rising from mere pennies to $55.02 per share [3] Strategic Growth - The launch of the Monster Energy drink in 2002 marked a significant turning point for the company, which had previously struggled to gain traction [3] - The company adopted a methodical approach to brand distribution, ensuring strong market presence and good sales velocity in retail [3] - Monster Beverage has focused its marketing on action sports and events, resonating with younger blue-collar demographics rather than traditional advertising methods [3] Partnerships and Market Expansion - In 2015, Coca-Cola acquired a 16.7% stake in Monster Beverage for over $2 billion, which has since increased to about 20% [4] - The partnership established Coca-Cola as Monster's preferred global distribution partner, facilitating brand exchanges that enhanced Monster's product portfolio [4] - Analysts note that Monster's ability to grow globally has been a key driver of its stock performance [4]
Monster Beverage (MNST) to Benefit From Energy Drinks Business
Zacks Investment Research· 2024-02-06 13:41
Monster Beverage Corp. (MNST) has been experiencing continued strength in its energy drinks category, which is driving its performance. The company has been benefiting from the expansion of the energy drinks category and product launches. Product innovation has played a significant role in the company's success.Pricing increases, along with lower freight-in costs and reduced aluminum can costs, have been contributing to robust margins. The company’s steady lineup of product launches is likely to help retain ...
Why Monster Beverage (MNST) Dipped More Than Broader Market Today
Zacks Investment Research· 2024-02-06 00:01
The latest trading session saw Monster Beverage (MNST) ending at $55.12, denoting a -0.42% adjustment from its last day's close. The stock's change was less than the S&P 500's daily loss of 0.32%. Meanwhile, the Dow experienced a drop of 0.71%, and the technology-dominated Nasdaq saw a decrease of 0.2%.Coming into today, shares of the energy drink maker had lost 3.81% in the past month. In that same time, the Consumer Staples sector gained 1.08%, while the S&P 500 gained 4.59%.Investors will be eagerly watc ...
Monster Beverage Corporation's CANarchy Craft Brewery Collective to Operate as Monster Brewing Company
Newsfilter· 2024-01-31 18:45
-- Change Will Leverage Parent Company Brand Equity -- CORONA, Calif. and LONGMONT, Colo., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) today announced that effective immediately, CANarchy Craft Brewery Collective ("CANarchy") will operate under the name Monster Brewing Company. CANarchy's new alcohol products, The Beast Unleashed™ and Nasty Beast™ Hard Tea, now represent the majority of the Company's alcohol beverage sales. This change will better align the business with Mon ...
Monster Beverage (MNST) Rises Yet Lags Behind Market: Some Facts Worth Knowing
Zacks Investment Research· 2024-01-30 00:01
The most recent trading session ended with Monster Beverage (MNST) standing at $55.59, reflecting a +0.27% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.76% gain on the day. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.Coming into today, shares of the energy drink maker had lost 3.77% in the past month. In that same time, the Consumer Staples sector gained 4.52%, while the S&P 500 gained 2.5%.Analysts and inv ...
Here's Why Monster Beverage (MNST) Gained But Lagged the Market Today
Zacks Investment Research· 2024-01-26 00:21
Monster Beverage (MNST) closed the latest trading day at $55.14, indicating a +0.13% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.53%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 0.19%.Prior to today's trading, shares of the energy drink maker had lost 3.96% over the past month. This has lagged the Consumer Staples sector's gain of 3.27% and the S&P 500's gain of 2.48% in that time.The investment community will be paying clo ...