Monster Beverage (MNST) Q2 results reflect gains from strong consumer demand, price increases and growth in the global energy drink category amid inflationary fuel, freight and aluminum can costs.
Monster Beverage (MNST) delivered earnings and revenue surprises of -25% and 2.57%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
-- Record Second Quarter Net Sales Rise 13.2 Percent to $1.66 Billion ---- Net Sales on a Foreign Currency Adjusted Basis Rise 16.9 Percent ---- Solid Revenue Growth ---- Price Increase Set for September 1, 2022 in the United States ---- Price Increases in Certain International Markets Planned for Second Half of 2022 ---- Product Supply Normalizing -- CORONA, Calif., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three- and