Published on 3 May 2024 on Zacks via Yahoo Finance
Monster Beverage's (MNST) Q1 Earnings Miss, Sales Rise Y/Y
Monster Beverage Corporation MNST delivered first-quarter 2024 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 42 cents per share missed the Zacks Consensus Estimate of 44 cents. The figure advanced 10.5% year over year.Net sales of $1.90 billion improved 11.8% year over year but lagged the consensus estimate of $1.92 billion. Unfavorable currency translations hurt net sales by $64.4 million. On a currency-adjusted basis, net sales rose 15.6%.
Monster Beverage Corporation Price and Consensus