2024-03-19 12:58:08 ET
Summary
- Monster Beverage's earnings growth remains strong, with potential for further growth driven by pricing growth in the US and gross margin expansion.
- The company performed in line with expectations, reporting top-line growth and expanded gross margins in Q4 2023.
- MNST saw a strong start to FY24, with impressive January gross sales growth, indicating positive adoption of newly launched products.
Summary
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Monster Beverage: Strong Earnings Growth To Support Valuation Premium