Tag: $Monster Beverage Corp

Monster Beverage missed Wall Street estimates for third-quarter sales and profit on Thursday, as cost-conscious consumers cut back spending on its higher-priced beverages.

Monster Beverage missed market expectations for second-quarter sales on Wednesday as budget-conscious consumers kept a tight lid on spending, hurting demand for its pricey energy drinks amid an uncertain economic environment.

Monster Beverage  reported a 12% jump in first-quarter revenue on Thursday, helped by steady demand for the energy drink maker’s high-priced juices as well as easing freight costs.

Monster Beverage Corp beat estimates for third-quarter profit on Thursday, helped by higher pricing for its energy drinks and hard seltzers, sending the company’s shares up about 3% in extended trade.