Monster Beverage CorpMonster Beverage reported Q1 revenue of $2.35B, up 26.9% YoY, beating estimates by 9.3%, with strong EPS growth.
Monster Beverage reported first-quarter revenues of $2.35 billion, a 26.9% increase year on year and 9.3% above analyst expectations, marking the first time quarterly net sales crossed the $2 billion threshold. The company also posted a solid beat on EBITDA estimates, with operating income up 28.1% and diluted earnings per share rising 27.6%. Among the 13 beverages, alcohol, and tobacco stocks tracked, the group overall beat revenue consensus by 4.9% but guided next-quarter revenue 3% below estimates. Vita Coco delivered the biggest analyst estimate beat with revenues of $179.8 million, up 37.3% year on year, while Boston Beer was the weakest performer, with revenues down 4.4% to $433.9 million and a significant miss on adjusted operating income and EPS. Monster shares have risen 20.4% since the report.
Monster Beverage CorpMonster Beverage reported Q1 revenue of $2.35B, up 26.9% YoY, beating estimates by 9.3%, with strong EPS growth.
Boston Beer Company IncBoston Beer was the weakest performer with revenues down 4.4% and significant miss on adjusted operating income and EPS.
Vita Coco Company IncVita Coco delivered the biggest analyst estimate beat with revenues up 37.3% year on year.
Celsius Holdings Inc
Keurig Dr Pepper Inc