Monster Beverage Q2 Earnings Surge 20% on Revenue Jump to $2.5B
MNST sits 60% above its 52-week low of $58.54.
Summary
Monster Beverage reported Q2 net income of $584.5M, up 20% from $488.8M a year ago, with EPS of $0.59 versus $0.50. Revenue climbed 20.2% to $2.537B, driven by strong demand. Adjusted earnings were $590.5M or $0.60 per share. This follows a $500M buyback authorization in May and a 2-for-1 stock split set for August 11. The results show accelerating momentum from Q1's strong performance, with both top and bottom lines beating last year's figures by a wide margin.
At the time of this announcement, MNST was trading at $93.46 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $92.1B. The 52-week trading range was $58.54 to $100.34. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.