Monster Beverage Reports Third-Quarter Revenue of $2.56B, EPS of $0.29
Monster Beverage said third-quarter sales and earnings rose year over year, driven primarily by stronger worldwide Monster Energy sales and increased consumer demand. Higher aluminum can and freight-in costs and geographic sales mix weighed on gross margin; price increases partly offset the pressure.
Monster Beverage’s third-quarter sales and earnings rose year over year, driven primarily by stronger worldwide sales of Monster Energy drinks and increased consumer demand. Higher aluminum can and freight-in costs and geographic sales mix weighed on gross margin, while price increases partly offse…