Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MONSTER BEVERAGE CORPORATION

(MNST)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Monster Beverage : Reports Lower 2Q Sales, Points to Sequential Sales Improvement -- Earnings Review

08/04/2020 | 04:44pm EDT

By Maria Armental

Monster Beverage Corp. reported lower second-quarter sales as the coronavirus pandemic hit sales at its largest sales channel but pointed to a sequential sales improvement. Here's what you need to know:

PROFIT: Net income rose to $311.4 million, or 59 cents a share, from $292.5 million, or 53 cents a share a year earlier. Analysts surveyed by FactSet expected 49 cents a share.

REVENUE: Net sales fell to $1.09 billion from $1.1 billion a year earlier. Analysts expected $1.01 billion.

EXPENSES: Operating expenses fell to $252.2 million from $282.3 a year earlier. The company attributed the decline largely to a $19.8 million decline from sponsorship and endorsements and $10.1 million from travel and entertainment. In both cases, the company said, the decline was tied to the pandemic and said that costs for some of the postponed or rescheduled events could be deferred to future periods.

PANDEMIC: Company officials had said that the pandemic had hit sales during the quarter, including in its largest sales channel, convenience stores and gas stations, but said that sales improved sequentially throughout the quarter.

 

Write to Maria Armental at maria.armental@wsj.com

 

All news about MONSTER BEVERAGE CORPORATION
06/17MONSTER BEVERAGE CORPá : Submission of Matters to a Vote of Security Holders (fo..
AQ
06/08Monster Beverage Announces Webcast Details for Annual Meeting of Stockholders
GL
06/03INSIDER TRENDS : Insider at Monster Beverage Acquires Stock Via Option/Derivativ..
MT
06/03INSIDER TRENDS : Insider at Monster Beverage Converts/Exercises Derivative Secur..
MT
05/14Consumer Cos Up After Mixed Retail Sales Data -- Consumer Roundup
DJ
05/14Coke to Discontinue Coca-Cola Energy in U.S.
DJ
05/07MONSTER BEVERAGEá : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ..
AQ
05/07CLOSE UPDATE : US Stocks Rally to New Highs as Weak Jobs Growth Secures Fed's Pa..
MT
05/07US Stocks Rally to New Highs as Weak Jobs Growth Secures Fed's Patience
MT
05/07WALL STREET STOCK EXCHANGE : Stocks Climb as S&P 500, Dow Hit Records -- Update
DJ
More news
Financials (USD)
Sales 2021 5 363 M - -
Net income 2021 1 384 M - -
Net cash 2021 1 894 M - -
P/E ratio 2021 35,1x
Yield 2021 -
Capitalization 48 649 M 48 649 M -
EV / Sales 2021 8,72x
EV / Sales 2022 7,83x
Nbr of Employees 3 340
Free-Float 58,9%
Chart MONSTER BEVERAGE CORPORATION
Duration : Period :
Monster Beverage Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MONSTER BEVERAGE CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 92,04 $
Average target price 102,71 $
Spread / Average Target 11,6%
EPS Revisions
Managers and Directors
NameTitle
Rodney Cyril Sacks Chairman & Co-Chief Executive Officer
Hilton Hiller Schlosberg Vice Chairman & Co-Chief Executive Officer
Thomas J. Kelly CFO & Principal Accounting Officer
Gary P. Fayard Independent Director
Benjamin M. Polk Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
MONSTER BEVERAGE CORPORATION-0.48%48 649
THE COCA-COLA COMPANY-1.95%234 383
PEPSICO, INC.-1.94%202 492
NONGFU SPRING CO., LTD.-23.41%59 315
KEURIG DR PEPPER INC.7.16%48 603
COCA-COLA EUROPACIFIC PARTNERS PLC32.19%28 317