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Shares of Monster Beverage surged 15% after it posted a better quarter than Wall Street expected, just a day after rival Celsius delivered a better-than-expected earnings report.
Hilton Schlosberg: Good afternoon, and thank you for joining us. In EMEA, the energy drink category according to Nielsen for our tracked markets for the recently reported 13-week period, which differ from country to country, grew 10.5% versus the same period last year, FX Neutral.
Monster Beverage (NASDAQ:MNST) reported what CEO Hilton Schlosberg called “another quarter of strong financial results and cash generation,” highlighted by fiscal first-quarter net sales topping $2 billion for the first time in company history. Net sales rose 26.9% year over year to $2.35 billion, w