Why Is Monster Beverage (MNST) Up 0.3% Since Last Earnings Report?

About this update from Fomento Economico Mexicano Sab De Cv Units Cons. Of 5 Shsb

A month has gone by since the last earnings report for Monster Beverage (MNST). Shares have added about 0.3% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Monster Beverage due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Monster Beverage’s Q4 Earnings Miss, Sales Rise Y/YMonster Beverage delivered fourth-quarter 2023 results, wherein the top and bottom lines came below the Zacks Consensus Estimate. However, both metrics improved year over year on gains from the expansion of the energy drinks category and product launches.The company’s adjusted earnings of 38 cents per share missed the Zacks Consensus Estimate of 39 cents. The figure advanced 31% year over year.Net sales of $1.73 billion improved 14.4% year over year but lagged the consensus estimate of $1.75 billion. Unfavorable currency translations hurt net sales by $27.1 million in the reported quarter. On a currency-adjusted basis, net sales rose 16.1%.Net sales to customers outside the United States rose 17.4% to $637 million, representing about 37% of the total net sales. On a currency-adjusted basis, sales to customers outside the United States improved 22.4%.Segmental PerformanceMonster Energy Drinks: The segment includes Monster Energy drinks, Reign Total Body Fuel high-performance energy drinks and True North Pure Energy Seltzers. The segment’s net sales increased 15.1% year over year to $1.60 billion. The segment’s sales included a negative impact of $18.8 million from adverse currency rates. On a currency-adjusted basis, net sales for the segment rose 16.5%.Strategic Brands: In addition to the affordable energy drink brands, the segment includes a range of energy drink brands acquired from Coca-Cola. The segment’s net sales dipped 1.3% year over year to $91.8 million in the fourth quarter. Currency headwinds hurt the segment’s sales by $8.3 million. On a currency-adjusted basis, net sales for the segment rose 7.7%.Alcohol Brands: Net sales for the segment, which includes various craft beers and hard seltzers purchased as part of the CANarchy transaction on Feb 17, 2022, jumped 30.6% to $35.2 million for the fourth quarter.Other: Net sales for the ...

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