Monster Beverage Corporation (MNST) is a functional beverage company that markets and sells energy drinks, soda, and other beverages. The company was founded in 1985 as Hansen Natural Corporation and later changed its name to Monster Beverage Corporation in 2012.
Monster Beverage Corporation's main product is its eponymous energy drink, which is available in various flavors and sizes. The company also sells other energy drinks under the names Monster Rehab, Monster Hydro, and Monster Energy Ultra. In addition to energy drinks, the company also sells a line of non-alcoholic beverages including sodas, juice, and tea.
In the latest quarter, Monster Beverage Corporation reported net sales of $1.49 billion, an increase of 6.3% compared to the same quarter last year. The company attributed the increase in net sales to higher sales of energy drinks, as well as increased sales in the Americas and Europe. The company also reported net income of $258.4 million for the quarter, a decrease of 6.4% compared to the same quarter the previous year.
In terms of market offerings, Monster Beverage Corporation has recently introduced a number of new products. In 2020, the company launched a line of ready-to-drink coffee products under the name Monster Espresso. The company has also recently introduced a line of energy drinks that are made with natural caffeine sources such as green coffee beans and yerba mate.
In addition to introducing new products, Monster Beverage Corporation has also made efforts to expand its distribution network. The company has partnerships with a number of major retailers and distributors, including Walmart and Costco, and has also entered into distribution agreements with international partners in countries such as China and Japan.
Overall, Monster Beverage Corporation has a strong market presence in the functional beverage industry. The company has a diverse product portfolio and a global distribution network, and has shown consistent growth in net sales and income in recent years.
Background
Monster Beverage Corp, located at 1 monster way, corona, ca, us specializes in the bottled & canned soft drinks & carbonated waters industry. It is currently listed on the exchange NASDAQ in the country USA.
The company's last annual earnings report on 2022-09-30 showed that it had reached a market cap of 53,823,111,000 dollars.
If someone had invested $100 in Monster Beverage Corp 10 years ago, their investment would be worth roughly $201.08 today, according to If You Had Invested
If you had invested...
The stock price of a company is a reflection of the company's performance, market value and for MNST, its stock has been good. If you had invested $1,000 in Monster Beverage Corp 1 year ago and held onto your investment until today (in other words, if you didn't sell any shares), here's what would have happened:
Your investment would now be worth roughly $1010.31 today.
Financials
If you are looking for a company with a strong dividend yield then avoid Monster Beverage Corp because it does not pay a dividend.
In terms of growth Monster Beverage Corp has had a turn for the worst with a Quarterly Earnings growth rate of -0.048. At the same time revenue growth has been to the moon with a rate of 0.152.
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