The competition between beverage names is a hot topic, and Jefferies chimed in today stating Red Bull's new flavors are "gaining shares" from Celsius Holdings Inc (NASDAQ:CELH) and Monster Beverage Corp (NASDAQ:MNST).
Monster Beverage Corporation MNST stock has lost 13.8% in the year-to-date period, underperforming its industry peers and the S&P 500 index. MNST's stock movement reflects a decline from the industry and the Consumer Staples sector's growth of 12.4% and 10.4%, respectively.
Despite poor 2Q24 results, I expect demand trends to improve, driven by new product launches, price increases, and strong international growth. Gross margin improvements and favorable commodity prices will support earnings growth. I maintain a buy rating for Monster Beverage stock, expecting recovery in growth and attractive upside potential.
Monster Beverage (MNST) reported earnings 30 days ago. What's next for the stock?
Turmoil in the market can put even the most seasoned investors at unease. Thankfully, several stocks for uncertain times can help weather the storm.
Examine the evolution of Monster Beverage's (MNST) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
The headline numbers for Monster Beverage (MNST) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Monster missed estimates on the top and bottom lines. Management blamed broader weakness in demand at the industry level.
Monster Beverage Corp. was one of the S&P 500's biggest laggards on Thursday after the energy-drink maker's quarterly results, reported Wednesday, spooked investors.
Monster Beverage (MNST) shares sank Thursday, a day after co-Chief Executive Officer (CEO) Hilton Schlosberg acknowledged headwinds in the energy drinks sector in the company's second-quarter earnings report.
The energy-drink maker is on track for its largest percent decrease since March 2018.
Monster Beverage Corp (NASDAQ:MNST) fell close to 8% in pre-market trading on Thursday after the energy drink maker disappointed with second-quarter results. A dip in convenience store footfall weighed on sales, according to the Monster Energy maker, prompting revenue and profits to both miss expectations.