Monster Beverage is set to report earnings Thursday, after the close. Here is a write-up analyzing the stock performance and why there is little upside for the earnings report.
Major points:
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Industry headwinds, poor peer group performance and product delays point to a troubling quarter ahead.
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CNBC reported on April 19th that U.S. soda sales (including energy drinks) dropped for the 12th consecutive year in the face of consumers choosing healthier options and a slew of sugar taxes. While a declining soft drink market and new tax levies have not directly disrupted Monster’s ability to grow its top line in recent years, it is a long-term negative that will surely impact the company down the road.
Read the full article here: http://ift.tt/2oUj6Nj
Submitted May 02, 2017 at 12:30PM by dylanjcowan http://ift.tt/2p5wMB6
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