Monster Beverage (MNST) Q4 Earnings Miss, Sales Rise Y/Y
Monster(MNST) Zacks Investment Research·2024-02-29 18:36Monster Beverage Corporation (MNST) delivered fourth-quarter 2023 results, wherein the top and bottom lines came below the Zacks Consensus Estimate. However, both metrics improved year over year on gains from the expansion of the energy drinks category and product launches.Monster Beverage’s adjusted earnings of 38 cents per share missed the Zacks Consensus Estimate of 39 cents. The figure advanced 31% year over year.Net sales of $1.73 billion improved 14.4% year over year but lagged the consensus estimate ...