financetom
Economy
financetom
/
Economy
/
Monster Beverage beats estimates on strong demand for energy drinks 
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Monster Beverage beats estimates on strong demand for energy drinks 
May 7, 2026 2:35 PM

May 7 (Reuters) - Monster Beverage ( MNST ) beat Wall Street expectations for first-quarter revenue and profit on Thursday, as demand for energy drinks remained strong despite broader economic uncertainty.

Health-conscious customers have been increasingly choosing energy and sugar-free drinks over regular sodas, with demand holding firm even as inflation squeezes household budgets.

-- Peers PepsiCo ( PEP ) and Coca-Cola last month both topped quarterly expectations on resilient demand for their beverages.

-- Shares of the company were up 5% in extended trading.

-- "The global energy drink category continues to demonstrate solid growth, driven by increased consumer demand," said CEO Hilton H. Schlosberg.

-- Quarterly sales in the energy drinks segment, Monster's largest, rose 27.6% from a year earlier to $2.19 billion, while alcohol brands' sales fell 5.9% to $32.7 million.

-- Monster's first-quarter net sales rose 26.9% from a year earlier to $2.35 billion, compared with analysts' estimates of a 16% rise to $2.16 billion, according to data compiled by LSEG.

-- The Corona, California-based company posted a first-quarter adjusted profit of 58 cents per share, compared with estimates of 53 cents apiece.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US private payrolls rise less than expected in May - ADP
US private payrolls rise less than expected in May - ADP
Jun 5, 2024
(Reuters) - U.S. private payrolls increased less than expected in May while data for the prior month was revised lower, a report showed on Wednesday. Private payrolls increased by 152,000 jobs last month after rising by a downwardly revised 188,000 in April, the ADP Employment report showed. Economists polled by Reuters had forecast private employment increasing by 175,000 last month....
US Dollar Rises Early Wednesday Ahead of ADP Private Payrolls, May Services Data
US Dollar Rises Early Wednesday Ahead of ADP Private Payrolls, May Services Data
Jun 5, 2024
07:30 AM EDT, 06/05/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Wednesday ahead of the release of ADP private payrolls data for May at 8:15 am ET. May services data from S&P Global is due to be released at 9:45 am ET, followed by the ISM services reading at 10:00 am ET and weekly...
US Dollar Falls After ADP Employment Report Surprises on Soft Side
US Dollar Falls After ADP Employment Report Surprises on Soft Side
Jun 5, 2024
08:35 AM EDT, 06/05/2024 (MT Newswires) -- The US dollar fell against all major currencies during early North American trade on Wednesday after the Automatic Data Processing employment report surprised on the soft side of expectations for May. EUR/USD pared losses and GBP/USD added to earlier gains when rallying to session highs around 1.0872 and 1.2790 respectively, while USD/JPY and...
A humbled Modi needs allies, and answers to India's unemployment, inflation
A humbled Modi needs allies, and answers to India's unemployment, inflation
Jun 5, 2024
NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi is set to win a rare third term in office, but a smaller-than-expected mandate means he will have to lean more on his allies for support, and that means urgently addressing issues like unemployment, inflation and economic disparities in the world's most populous nation. Unlike the last two elections, Modi's Hindu nationalist...
Copyright 2023-2026 - www.financetom.com All Rights Reserved