gamefert.blogg.se

Management is optimistic about the strength in the global energy drinks category. We note that MNST offers a wide range of energy drinks brands such as Monster Energy, Java Monster, Cafe Monster, Espresso Monster, Monster Energy Mule, Juice Monster Pipeline Punch, Juice Monster Pacific Punch, Juice Monster Mango Loco, Monster Ultra Paradise and Monster Hydra Sport.

This has led to strength in its energy drink category, particularly the Monster Energy brand. Monster Beverage, which primarily markets and distributes energy drinks and alternative beverages, is a key beneficiary of the recent consumer awareness of health drinks. Image Source: Zacks Investment Research Factors to Aid Growth The Zacks Consensus Estimate for Monster Beverage’s 2022 sales suggests growth of 15.2% from the year-ago period’s reported number, while earnings estimates indicate a decline of 11.3%. The stock performance also compared favorably against the S&P 500’s fall of 0.4% in the same period. The Zacks Rank #3 (Hold) stock has gained 12.3% in the past three months, outperforming the industry and the Consumer Staples sector’s growth of 5.3% and 2.9%, respectively. On a currency-adjusted basis, sales to customers outside the United States improved 29.3%. Net sales to customers outside the United States rose 15.8% to $610.6 million, representing about 38% of the total net sales.

On a currency-adjusted basis, net sales rose 20.2%. Meanwhile, sales improved 15.2% year over year, driven by continued strong demand for the energy drinks category. Its actions, including price increases, reducing reliance on imported cans and moving production closer to markets to mitigate the ongoing cost pressures, bode well.īacked by the aforementioned tailwinds, MNST posted better-than-expected earnings in the quarter, while its top line lagged the Zacks Consensus Estimate. Product innovation plays a significant role in MNST's success. Monster Beverage Corporation MNST is trending up the charts, thanks to the continued strong demand for energy drinks.