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Mosnter Beverage Reports Q2 Results (MNST)

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Monster Beverage Corp. (NASDAQ: MNST), on Friday, reported its second-quarter financial results. The Corona, California-based beverage company registered an increase in its second-quarter sales.

For the second quarter ended June 30, 2013, MNST reported gross sales of $723.9 million, up 6.60% on a year-over-year basis. The company’s net sales for the quarter rose 6.5% on a year-over-year basis to $630.9 million.

Gross margin for the quarter improved from 51.8% to 53.3%. Operating income came in at $179.4 million, compared to $169.8 million reported for the same period in the previous year.

Monster Beverage reported second-quarter net income of $106.9 million, compared to $109.8 million reported for the same period in the previous year. The company noted that its second-quarter results were impacted by unfavorable exchange rate fluctuations.

Rodney C. Sacks, Chairman and CEO of Monster Beverage, said that the company is pleased to report another quarter of solid sales growth, in both its domestic and international markets, but there were certain exceptional costs that affected profitability during the quarter. Sacks further said that the company is continuing with its plans to market the Monster Energy® brand in new international markets.

Monster Beverage shares struck a 52-week high of $66.12 on Friday. However, the stock pared most of its gains to finish the day 0.36% higher at $63.70 on above average volume of 4.63 million. Year-to-date, the stock has gained over 20.50%.








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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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