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Monster(MNST) - 2024 Q2 - Quarterly Results
2024-08-07 20:23
Exhibit 99.1 PondelWilkinson Inc. 2945 Townsgate Road, Suite 200 Westlake Village, CA 91361 Investor Relations T (310) 279 5980 Strategic Public Relations W www.pondel.com CONTACTS: Rodney C. Sacks Chairman and Co-Chief Executive Officer (951) 739-6200 Hilton H. Schlosberg Vice Chairman and Co-Chief Executive Officer (951) 739-6200 NEWS RELEASE Roger S. Pondel / Judy Lin PondelWilkinson Inc. (310) 279-5980 MONSTER BEVERAGE REPORTS 2024 SECOND QUARTER FINANCIAL RESULTS -- Record Second Quarter Net Sales Rise ...
Monster Beverage Reports 2024 Second Quarter Financial Results
GlobeNewswire News Room· 2024-08-07 20:15
-- Record Second Quarter Net Sales Rise 2.5 Percent to $1.90 Billion ---- Net Sales, Excluding the Alcohol Brands Segment, Adjusted for Adverse Changes in Foreign Currency of $67.7 Million, Rise 7.4 Percent ---- Second Quarter Diluted EPS Increases 5.0 Percent -- CORONA, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three- and six-months ended June 30, 2024. Second Quarter ResultsNet sales for the 2024 second quarter increased ...
Monster Beverage: Energy Idea For Long-Term Investment
Seeking Alpha· 2024-08-06 13:38
SDivin09 While the S&P 500 index is climbing to all-time highs, finding a stock that isn't trading at high prices takes work. However, Monster Beverage (NASDAQ:MNST) is one of them. It is a strong representative of the Consumer Staples sector with a market cap of over $53 billion, and its stock price is 19% below its 52-week high as of Aug 1. Monster Beverage is engaged in the production and sales of energy drinks, making over $7 billion in annual revenue. I invite you to get acquainted with my analysis of ...
Unveiling Monster Beverage (MNST) Q2 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2024-08-02 14:21
Wall Street analysts expect Monster Beverage (MNST) to post quarterly earnings of $0.45 per share in its upcoming report, which indicates a year-over-year increase of 15.4%. Revenues are expected to be $2.02 billion, up 9.1% 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 reveals its earnings, it is vital to t ...
Monster Beverage to Report Financial Results for 2024 Second Quarter on August 7, 2024
GlobeNewswire News Room· 2024-07-31 12:00
-- Company to Conduct Conference Call at 2 p.m. Pacific Time -- CORONA, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) announced today that results for its second quarter ended June 30, 2024, will be reported on Wednesday, August 7, 2024, after the close of the market. The company also said that Co-Chief Executive Officers, Rodney Sacks and Hilton Schlosberg, will host an investor conference call that same day at 2 p.m. Pacific Time to review the company’s financial re ...
Monster Beverage (MNST) Earnings Expected to Grow: Should You Buy?
ZACKS· 2024-07-25 15:07
Wall Street expects a year-over-year increase in earnings on higher revenues when Monster Beverage (MNST) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the sto ...
怪物饮料:美国增速有所放缓,毛利率稳步扩张
海通国际· 2024-07-24 00:31
研究报告 Research Report 23 Jul 2024 怪物饮料 MONSTER BEVERAGE CORP (MNST US) 美国增速有所放缓,毛利率稳步扩张 Growth in the United States has slowed, and gross margins have expanded steadily [Table_yemei1] 观点聚焦 Investment Focus | --- | --- | |----------------------|------------------| | [Table_Info]维持中性 | Maintain NEUTRAL | | 评级 | 中性 NEUTRAL | | 现价 | US$50.36 | | 目标价 | US$52.00 | | --- | --- | |-----------------------|-------------------| | 市值 | US$52.46bn | | 日交易额 (3 个月均值) | US$513.56mn | | 发行股票数目 | 1,042mn | | 自由流通股 (%) | 73% | ...
Monster Beverage (MNST) Stock Slides YTD: Is Recovery Likely?
ZACKS· 2024-07-17 16:06
Monster Beverage Corporation (MNST) stock has lost as much as 12.3% in the year-to-date period, pushing it behind its industry peers and the S&P 500 index. MNST’s stock declined against the industry and the Consumer Staples sector’s growth of 4.8% and 3%, respectively, in the same period. The company also underperformed the S&P 500's 17.6% rise in the same period.At the current price of $50.49, the stock trades at a 17.5% discount to its 52-week high of $61.23 reached on Mar 13, 2024. Furthermore, MNST is t ...
3 Cheap Stocks That Could Grow Your Wealth
Investor Place· 2024-07-13 17:56
In February, CNBC reported that a $1,000 investment in Monster Beverage (NASDAQ:MNST) on Feb. 14, 1994, would have been worth approximately $2 million on its 30-year anniversary, a 200,000% return. It’s these kinds of cheap stocks that can make you rich in the long run if you make the right play at the right time.In Monster’s case, co-CEOs Rodney Sacks and Hilton Schlosberg were the right duo to build the energy drink empire. “‘Some of it is clearly right place, right time,’ said Stifel consumer and retail ...
Monster Beverage's (MNST) Strategies Seem Prudent: Apt to Hold
ZACKS· 2024-06-27 18:16
Monster Beverage Corporation (MNST) seems well-poised for growth, thanks to its robust business strategies. The company has been gaining from the expansion strategy and momentum in its energy drinks category. It has also been launching various products and expanding distribution across the international markets.Buoyed by such strengths, shares of this energy drinks and alternative beverages’ marketer have gained 9.2% compared with the industry’s 4.8% growth over the past six months. A Growth Score of B furt ...