Monster Beverage shares jump after strong Q1 earnings, echoing Celsius
Updated
Updated · Barron's · May 7
Monster Beverage shares jump after strong Q1 earnings, echoing Celsius
10 articles · Updated · Barron's · May 7
Monster rose 15% after reporting $2.35 billion in first-quarter revenue and 58 cents adjusted earnings per share, both above forecasts, a day after Celsius also beat expectations.
Celsius posted $782.6 million in revenue, up 138%, helped by Alani Nu and Rockstar acquisitions, easing fears that energy-drink demand was slowing despite inflation and weaker consumer spending.
International growth remained a key support, with Monster's overseas sales up 45% and Celsius's international business up 55%, though higher can, freight and acquisition-related costs still pressured margins.
With profits soaring on a weak dollar, is Monster's international success a bubble waiting to burst?
As global supply chains fracture, can Monster's cost-cutting magic continue to protect its massive profits?