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HomeBusinessWhat to Expect From Monster Beverage Corporation’s Q2 Earnings?

What to Expect From Monster Beverage Corporation’s Q2 Earnings?

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Analysts at RBC Capital provided their views on Monster Beverage Corporation’s (NASDAQ:MNST) upcoming Q2 earnings results, expecting net sales growth of 9.6% and EPS of $0.70.
The analysts expect strong US trends with potential upside, driven by faster growth in untracked channels. US net sales growth is expected to be over 11.8% year-over-year (vs. Street’s 9.9%), including the sales contribution from the CANarchy acquisition. The analysts expect a sequential slowdown in Q2 international sales growth to 6.0% year-over-year (vs. Street’s 5.7%).
According to the analysts, the company will implement its 6% price increase in September, and Red Bull will follow with a 7% increase. The analysts expect gross margin pressure as the company works through aluminum cans at higher costs, which will take a few quarters to be fully depleted. However, the recent decline in aluminum prices creates a good setup for 2023.

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