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Monster Beverage Q2 Net sales increases by 11.1% to $ 2.11 billion, beating estimates, for LSEG data.Operating income for Q2 increases 19.8% to $ 631.6 million * the net profit per diluted action grows by 21.1% to $ 0.50.
The company highlights the positive trends in the consumption of energy drinks * Monster Beverage emphasizes the innovation of the product for long -term result drivers.
MONTER ENERGY DRINKS – Sales have increased by 11.2% to $ 1.94 billion, guided by the strong demand for energy drinks.
Strategic brands – sales increased by 18.9% to $ 129.9 million, benefiting from acquired brands and energy options at affordable prices.
Gross Profit Margin – Improved to 55.7% two to pricing actions, supply chain optimization, and low input costs key details metric beat/mis actual consensu estimate q2 sales beat $ 2.1 bln $ 2.08 bln (16 analysts) q2 eps $ 0.5 q2 net $ 488.80 MLN Q2 $ 544.80 OperaTin MLN G Expenses Q2 $ 631.60 OperaTin MLN G Cover of income analysts.
The current average evaluation of analysts on actions is “Buy” and the breakdown of the recommendations is 13 “Strong Buy” or “Buy”, 11 “Hold” and 2 “Sell” or “Strong Sell” * The average consensus recommendation for the group of equal of non -alcoholic beverages is “Hold”. The average price of 12 months of Wall Street for Monster Beverage Corp is $ 64.50, about 7.8% above the closing price of 6 August of $ 59.50.
The stock recently exchanged the subsequent 12 -month earnings 30 times compared to a 32 P/S three months ago the press release: (this story was created using automation and on the LSEG and company data basis. It was controlled and modified by a Reuters journalist before publication.)
