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Monster Tops Estimates on Growing Global Energy Drink Demand

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Monster Tops Estimates on Growing Global Energy Drink Demand Monster Beverage Corp.’s third-quarter sales rose more than expected, as the energy drink giant continues to see booming demand for its beverages outside of the US. Net sales rose 17% to $2.56 billion, ahead of the $2.49 billion analysts were expecting. The company saw continued strength abroad, driven by Brazil, with sales in the international segment jumping 28% to represent nearly half of Monster’s overall sales in the period.

Monster Tops Estimates on Growing Global Energy Drink Demand Monster Beverage Corp.’s third-quarter sales rose more than expected, as the energy drink giant continues to see booming demand for its beverages outside of the US. Net sales rose 17% to $2.56 billion, ahead of the $2.49 billion analysts were expecting. The company saw continued strength abroad, driven by Brazil, with sales in the international segment jumping 28% to represent nearly half of Monster’s overall sales in the period.
US (LOCATION) Brazil (LOCATION) Monster (ORG)
Originally published by Bloomberg Markets Read original →