It has been about a month since the last earnings report for Monster Beverage (MNST) . Shares have added about 7.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Monster Beverage due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Monster Beverage's Q2 Earnings & Sal ...

CORONA, Calif., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) today announced that its Board of Directors has authorized a new share repurchase program for the repurchase of up to an additional $500.0 million of the Company's outstanding common stock. As of August 19, 2024, no amount remained available for repurchase under the Company's previously authorized repurchase program. The Company expects to make the share repurchases from time to time in the open market, through priv ...

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Have you assessed how the international operations of Monster Beverage (MNST) performed in the quarter ended June 2024? For this energy drink maker, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must unde ...

Monster Beverage (MNST) reported $1.9 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 2.5%. EPS of $0.41 for the same period compares to $0.39 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.02 billion, representing a surprise of -6.04%. The company delivered an EPS surprise of -8.89%, with the consensus EPS estimate being $0.45.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 Commission File Number 001-18761 MONSTER BEVERAGE CORPORATION (Exact name of registrant as specified in its charter) Delaware 47-1809393 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1 Monster Way Corona, California 92879 (Ad ...

Key TakeawaysMonster posted second-quarter revenue and profit below analysts' consensus expectations.Co-CEO Hilton Schlosberg said the energy drinks sector has been hit by declining convenience store foot traffic.The company plans to implement a 5% price increase on November 1. Monster Beverage (MNST) shares sank Thursday, a day after co-Chief Executive Officer (CEO) Hilton Schlosberg acknowledged headwinds in the energy drinks sector in the company's second-quarter earnings report. “The energy drink catego ...

Monster Beverage Corporation (MNST) delivered second-quarter 2024 results, wherein the top and bottom lines lagged their respective Zacks Consensus Estimate. However, both metrics improved year over year on gains from the expansion of the energy drinks category and product launches.Despite the year-over-year improvement, shares of this energy drink and alternative beverage marketer have lost nearly 8% in after-hours trading on Aug 7. We note that Monster Beverage’s shares have lost 8.5% in the past three mo ...

Monster Beverage Corporation, Inc. (NASDAQ:MNST) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Rodney Sacks - Co-CEO & Chairman Hilton Schlosberg - Vice Chairman & Co-CEO Thomas Kelly - CFO Conference Call Participants Dara Mohsenian - Morgan Stanley Andrea Teixeira - JPMorgan Kaumil Gajrawala - Jefferies Peter Grom - UBS Bonnie Herzog - Goldman Sachs Filippo Falorni - Citi Operator Good afternoon, everyone, and welcome to the Monster Beverage Company Second Quarter 2024 Co ...

Monster Beverage (MNST) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.89%. A quarter ago, it was expected that this energy drink maker would post earnings of $0.44 per share when it actually produced earnings of $0.42, delivering a surprise of -4.55%.Over the last four quarters, ...