Monster Beverage Reports 2020 Second Quarter Financial Results, Including an Update on the Impact of the COVID-19 Pandemic
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Monster Beverage (MNST) PT Raised to $82 at Cowen
August 5, 2020 9:31 AM EDTCowen analyst Nicholas Yako raised the price target on Monster Beverage (NASDAQ: MNST) to $82.00 (from $60.00) while maintaining a Market Perform rating.
... MoreMonster Beverage (MNST) Tops Q2 EPS by 10c
August 4, 2020 4:17 PM EDTMonster Beverage (NASDAQ: MNST) reported Q2 EPS of $0.59, $0.10 better than the analyst estimate of $0.49. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.01 billion.
Rodney C. Sacks, Chairman and Chief Executive Officer, said: We remain pleased with our performance in the second quarter. EMEA sales were more impacted in the quarter, and especially so in our Strategic Brands, but overall, we are experiencing sequential improvements each month. Our supply chain remains intact, and we are continuing to service our customers.
According to Nielsen, the energy drinks category... More
