Research Desk Line-up: New Age Beverages Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 28, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Monster Beverage Corp. (NASDAQ: MNST), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=MNST, following the Company's posting of its financial results on August 8, 2017, for the second quarter of FY17. The Company reported y-o-y increase in revenues of 9.6%, operating income of 21.3%, and EPS of 30%. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Beverages - Soft Drinks industry. Pro-TD has currently selected New Age Beverages Corporation (NASDAQ: NBEV) for due-diligence and potential coverage as the Company announced on August 15, 2017, its financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on New Age Beverages when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on MNST; also brushing on NBEV. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=MNST

http://protraderdaily.com/optin/?symbol=NBEV

Earnings Reviewed

Monster Beverage reported net sales of $907.07 million for Q2 of FY17 compared to $827.49 million for the second quarter of FY16; a growth of 9.6% y-o-y. The Company reported operating income of $350.04 million for second quarter of FY17 versus $288.52 million for the same quarter last fiscal; an increase of 21.3% y-o-y.

The net income reported by Monster Beverage was $222.63 million (24.5% of net sales) in Q2 FY17 compared to $184.22 million (22.3% of net sales) in Q2 FY16; registering a rise of 20.9% y-o-y.

The earnings per diluted share (EPS) announced by the Company was $0.39 for Q2 of FY17 versus $0.30 in Q2 FY16; an increase of 30% y-o-y.

Monster Beverage reported $9.27 in average net sale per case in Q2 FY17 compared to $9.37 in Q2 FY16.

Monster Beverage missed anticipated Wall Street's EPS forecasts of $0.40 but beat expected revenues of $906.6 million.

Segment Information

Monster Beverage reported net sales for its Monster Energy Drinks of $815.3 million in Q2 FY17 compared to $743.5 million for the same period of the last fiscal year; an increase of 9.7% y-o-y. This segment had included $5.0 million of accelerated deferred revenue related to distributor transitions in the revenues for the second quarter of FY16.

The net sales for the Company's Strategic Brands segment, including energy drink brands acquired from The Coca-Cola Company, was $85.6 million for Q2 FY17 versus $77.4 million in the comparable quarter of FY16; a growth of 10.6% y-o-y.

Monster Beverage's net sale in its ?Other' segment, which includes some products of American Fruits & Flavors ("AFF") sold to independent third parties, was $6.2 million for the second quarter of FY17 comparable with $6.6 million in Q2 FY16.

The Company's net sales outside the US were $247.9 million in Q2 FY17 compared to $200.2 million in the corresponding quarter of the last fiscal year; a growth of 23.8% y-o-y.

Cash Matters

Monster Beverage generated $17.46 million in cash from its financing activities in the first half of 2017 compared to expenditure of $2.00 billion generated in the same period last year.

The Company generated $533.22 million from its operating activities in H1 2017 compared to $247.56 million in H1 2016. The Company spent $154.68 million in H1 2017 in investing activities while it had generated cash of $2.63 million in the same period last year.

The cash and cash equivalents with the Company at the end of the first half of 2017 was $777.66 million compared to $434.77 million at the end of the same period in 2016.

Outlook

No statement on guidance either for Q2 FY17 or for the full year 2017 was issued by the Company.

Stock Performance

On Friday, August 25, 2017, the stock closed the trading session at $55.22, marginally rising 0.44% from its previous closing price of $54.98. A total volume of 1.81 million shares have exchanged hands. Monster Beverage's stock price soared 8.49% in the last three months, 31.20% in the past six months, and 5.21% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 24.54%. The stock is trading at a PE ratio of 41.77. At Friday's closing price, the stock's net capitalization stands at $31.24 billion.

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SOURCE: Pro-Trader Daily