We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Monster Beverage's (MNST) Expansion Strategy Bodes Well
Read MoreHide Full Article
Monster Beverage Corporation (MNST - Free Report) is well-poised for growth, thanks to its robust business strategies. The company’s expansion strategy and continued strength in its energy drinks category appear quite encouraging. It has also been launching various products and expanding distribution across the international markets.
Analysts seem optimistic about this Zacks Rank #3 (Hold) company. The Zacks Consensus Estimate for 2024 sales and earnings per share (EPS) is currently pegged at $7.9 billion and $1.77, respectively, implying growth of 10.3% and 14.2% year over year. The consensus mark for 2025 sales and EPS is pegged at $8.7 billion and $2.02, respectively, indicating increases of 9.9% and 14.1%.
Delving Deeper
Monster Beverage’s strength in its energy drinks category has been driving performance for a while now. The company offers a wide range of energy drinks brands such as Monster Energy, Monster Energy Ultra, Monster Rehab, Monster Energy Nitro, Java Monster, Punch Monster, Juice Monster, Monster Hydro Energy Water, Monster Hydro Super Sport, Monster Super Fuel, Monster Dragon Tea, Reign Total Body Fuel, Reign Inferno Thermogenic Fuel, Reign Storm, True North, NOS, Full Throttle, Burn, Mother, Nalu, Ultra Energy, Play Relentless, BPM, BU, Gladiator, Samurai, Live+, Predator and Fury.
In the first quarter, the Monster Energy Drinks segment's net sales increased 10.7% year over year to $1.73 billion. On a currency-adjusted basis, net sales for the segment rose 14.2%. The segment’s sales included a negative impact of $54.6 million from adverse currency rates. The company remains optimistic about the opportunities regarding the acquisition of the Bang Energy brand, which it believes will fit well across its portfolio of energy drink brands.
Monster Beverage Corporation Price, Consensus and EPS Surprise
Product innovation plays a significant role in the company's success. Monster Beverage remains committed to product launches and innovation to aid overall business growth. MNST has launched Monster Aussie Lemonade in Japan, Monster Ultra Paradise in Malaysia, Monster Mango Loco and Pipeline Punch in Kazakhstan and Monster Mango Loco in the Philippines. The company has also introduced Predator Gold Strike in Azerbaijan and the Philippines.
The company had earlier rolled out its first flavored malt beverage alcohol product, The Beast Unleashed, in the United States and received positive feedback. The product is available in 43 states through a network of beer distributors. This marked the expansion of the distribution of The Beast Unleashed into additional markets, with plans for nationwide distribution by the end of the year.
The company has a solid innovation plan for 2024. Management is optimistic about Nasty Beast Hard Tea and additional alcohol opportunities. The company has rolled out Predator and Fury, its affordable energy drink portfolio, in several markets internationally. Management had expressed satisfaction with its 2023 product innovations, including Monster Energy Zero-Sugar, Ultra Strawberry Dreams and Rainstorm in the United States, along with Monster Energy Lewis Hamilton 44 Zero-Sugar in EMEA.
Additionally, the company continues to benefit from its pricing actions across various markets to negate the impacts of rising commodity costs and inflation. MNST continued to implement price hikes in the first quarter, with additional price hikes planned in several other markets ahead.
We note that shares of this energy drinks and alternative beverages marketer have gained 5.8% compared with the industry’s 6.7% growth over the past six months.
The Zacks Consensus Estimate for Vital Farms’ current financial-year sales and EPS indicates growth of 22.5% and 59.3%, respectively, from the year-ago reported numbers.
Freshpet (FRPT - Free Report) , which is a pet food company, currently sports a Zacks Rank of 1. FRPT has a trailing four-quarter earnings surprise of 118.2%, on average.
The Zacks Consensus Estimate for Freshpet’s current fiscal year sales and EPS indicates growth of 24.8% and 177.1%, respectively, from the year-ago reported numbers.
Utz Brands Inc. (UTZ - Free Report) , which manufactures a diverse portfolio of salty snacks, currently carries a Zacks Rank #2 (Buy). UTZ has a trailing four-quarter earnings surprise of 2%, on average.
The Zacks Consensus Estimate for Utz Brands’ current financial-year EPS indicates growth of 26.3% from the year-ago reported numbers.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Monster Beverage's (MNST) Expansion Strategy Bodes Well
Monster Beverage Corporation (MNST - Free Report) is well-poised for growth, thanks to its robust business strategies. The company’s expansion strategy and continued strength in its energy drinks category appear quite encouraging. It has also been launching various products and expanding distribution across the international markets.
Analysts seem optimistic about this Zacks Rank #3 (Hold) company. The Zacks Consensus Estimate for 2024 sales and earnings per share (EPS) is currently pegged at $7.9 billion and $1.77, respectively, implying growth of 10.3% and 14.2% year over year. The consensus mark for 2025 sales and EPS is pegged at $8.7 billion and $2.02, respectively, indicating increases of 9.9% and 14.1%.
Delving Deeper
Monster Beverage’s strength in its energy drinks category has been driving performance for a while now. The company offers a wide range of energy drinks brands such as Monster Energy, Monster Energy Ultra, Monster Rehab, Monster Energy Nitro, Java Monster, Punch Monster, Juice Monster, Monster Hydro Energy Water, Monster Hydro Super Sport, Monster Super Fuel, Monster Dragon Tea, Reign Total Body Fuel, Reign Inferno Thermogenic Fuel, Reign Storm, True North, NOS, Full Throttle, Burn, Mother, Nalu, Ultra Energy, Play Relentless, BPM, BU, Gladiator, Samurai, Live+, Predator and Fury.
In the first quarter, the Monster Energy Drinks segment's net sales increased 10.7% year over year to $1.73 billion. On a currency-adjusted basis, net sales for the segment rose 14.2%. The segment’s sales included a negative impact of $54.6 million from adverse currency rates. The company remains optimistic about the opportunities regarding the acquisition of the Bang Energy brand, which it believes will fit well across its portfolio of energy drink brands.
Monster Beverage Corporation Price, Consensus and EPS Surprise
Monster Beverage Corporation price-consensus-eps-surprise-chart | Monster Beverage Corporation Quote
Product innovation plays a significant role in the company's success. Monster Beverage remains committed to product launches and innovation to aid overall business growth. MNST has launched Monster Aussie Lemonade in Japan, Monster Ultra Paradise in Malaysia, Monster Mango Loco and Pipeline Punch in Kazakhstan and Monster Mango Loco in the Philippines. The company has also introduced Predator Gold Strike in Azerbaijan and the Philippines.
The company had earlier rolled out its first flavored malt beverage alcohol product, The Beast Unleashed, in the United States and received positive feedback. The product is available in 43 states through a network of beer distributors. This marked the expansion of the distribution of The Beast Unleashed into additional markets, with plans for nationwide distribution by the end of the year.
The company has a solid innovation plan for 2024. Management is optimistic about Nasty Beast Hard Tea and additional alcohol opportunities. The company has rolled out Predator and Fury, its affordable energy drink portfolio, in several markets internationally. Management had expressed satisfaction with its 2023 product innovations, including Monster Energy Zero-Sugar, Ultra Strawberry Dreams and Rainstorm in the United States, along with Monster Energy Lewis Hamilton 44 Zero-Sugar in EMEA.
Additionally, the company continues to benefit from its pricing actions across various markets to negate the impacts of rising commodity costs and inflation. MNST continued to implement price hikes in the first quarter, with additional price hikes planned in several other markets ahead.
We note that shares of this energy drinks and alternative beverages marketer have gained 5.8% compared with the industry’s 6.7% growth over the past six months.
Stocks to Consider
Vital Farms Inc. (VITL - Free Report) offers a range of produced pasture-raised foods. It currently sports a Zacks Rank #1 (Strong Buy). VITL has a trailing four-quarter average earnings surprise of 102.1%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Vital Farms’ current financial-year sales and EPS indicates growth of 22.5% and 59.3%, respectively, from the year-ago reported numbers.
Freshpet (FRPT - Free Report) , which is a pet food company, currently sports a Zacks Rank of 1. FRPT has a trailing four-quarter earnings surprise of 118.2%, on average.
The Zacks Consensus Estimate for Freshpet’s current fiscal year sales and EPS indicates growth of 24.8% and 177.1%, respectively, from the year-ago reported numbers.
Utz Brands Inc. (UTZ - Free Report) , which manufactures a diverse portfolio of salty snacks, currently carries a Zacks Rank #2 (Buy). UTZ has a trailing four-quarter earnings surprise of 2%, on average.
The Zacks Consensus Estimate for Utz Brands’ current financial-year EPS indicates growth of 26.3% from the year-ago reported numbers.