![]() The segment’s sales included a positive impact of $35.5 million from favorable currency rates. ![]() In second-quarter 2021, the Monster Energy Drinks segment’s net sales advanced 33% year over year. We note that the company offers a wide range of energy drink brands such as Monster Energy, Java Monster, Cafe Monster, Espresso Monster, Monster Energy Mule, Juice Monster Pipeline Punch, Juice Monster Pacific Punch, Juice Monster Mango Loco, Monster Ultra Paradise, and Monster Hydra Sport. Monster Beverage has been experiencing continued strength in its energy drinks category, which is driving its performance. These are likely to keep affecting the company in the near term. Logistics issues, including shortages of shipping containers and global port congestions, higher input costs and freight inefficiencies have been a threat to margins. However, we cannot ignore the headwinds arising from supply-chain disruptions, which have been plaguing the industry. ![]() It remains committed to product launches and innovation to boost growth. Product innovations play a significant role in the company’s success. The company’s sales in second-quarter 2021 benefited from continued strength in its energy drink category, particularly the Monster Energy brand. ![]() Monster Beverage Corporation MNST has been resilient in a tough market, owing to strength in its energy drinks business. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |