Monster (MNST) Margin Expansion is Sustainable, Cowen Says; PT Up to $168
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Monster Beverage Reports 2015 Third Quarter Financial Results
November 5, 2015 4:06 PM ESTCORONA, Calif., Nov. 5, 2015 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the third quarter and nine months ended September 30, 2015.
2015 Third Quarter
Gross sales for the 2015 third quarter increased 16.8 percent to $862.4 million from $738.1 million in the same period last year. Net sales for the 2015 third quarter increased 19.0 percent to $756.6 million from $636.0 million in the same period last year. Unfavorable currency exchange rates had the effect of reducing gross sales by approximately $34.1 million and net sales by approximately $28.6 million in the 2015 third quarter.
Gross and net sales... More
