Monster Beverage remains committed to product introductions and innovation to boost growth. The product launches across the Monster family will drive MNST's top and the bottom line. Management is optimistic about the strength in the energy drinks category with the Monster Energy brand growing significantly. Sales for MNST's energy brands, including Reign, rose 8.6% in the same 13-week period. According to Nielsen, sales for the energy drinks category, including energy shots, increased 11.5% year over year for the 13 weeks ended Apr 23, 2022. In first-quarter 2022, the Monster Energy Drinks segment's net sales advanced 20% year over year to $1.4 billion. 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, Monster Hydra Sport, among others. Monster Beverage has been experiencing continued strength in its energy drinks category, which is driving performance. Image Source: Zacks Investment Research Energy Drinks Business Stays Strong Additionally, the stock’s share price rise came against the S&P 500’s fall of 20% in the same period.ĭriven by the robust quarterly performance, the Zacks Consensus Estimate for Monster Beverage’s 2022 sales and EPS suggests growth of 15.4% and 3.9%, respectively, from the year-ago period’s corresponding reported numbers. The currently Zacks Rank #3 (Hold) stock has gained 0.8% year to date against the industry and the Consumer Staples sector’s decline of 1.7% and 1%, respectively. Net sales to customers outside the United States rose 20.4% to $553.4 million, representing about 36% of the total net sales. Net sales of $1,518.6 million improved 22.1% year over year. Additionally, product innovation plays a significant role in MNST's success.īacked by the aforementioned tailwinds, the company reported 11th straight quarter of sales beat for first-quarter 2022. This led to strength in its energy drink category, particularly the Monster Energy brand. The company, which primarily markets and distributes energy drinks and alternative beverages, is a key beneficiary of the recent consumer awareness of health drinks. Monster Beverage Corporation MNST is trending up the charts, thanks to continued strong demand for energy drinks.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |