Upcoming AWS Coverage on SodaStream International Post-Earnings Results

LONDON, UK / ACCESSWIRE / November 14, 2016 / Active Wall St. announces its post-earnings coverage on Monster Beverage Corp. (NASDAQ: MNST). The company posted its financial results for the third quarter fiscal 2016 on November 03rd, 2016. The energy drink maker sales improved, yet results came in were below market expectations impacted by transition to Coca-Cola. Register with us now for your free membership at: http://www.activewallst.com/register/.

One of Monster Beverage's competitors within the Beverages - Soft Drinks space, SodaStream International Ltd. (NASDAQ: SODA), reported on November 10th, 2016, its results for the three and nine month periods ended September 30, 2016. AWS will be initiating a research report on SodaStream in the coming days.

Today, AWS is promoting its earnings coverage on MNST; touching on SODA. Get our free coverage by signing up to:

http://www.activewallst.com/registration-3/?symbol=MNST

http://www.activewallst.com/registration-3/?symbol=SODA

Earnings Reviewed

For the quarter ended on September 30th, 2016, Monster Beverage reported that net sales increased 4.1% to $788.0 million from $756.6 million in the same period last year. Gross sales were higher by 5.9% to $913.3 million in Q3 2016 from $862.4 million in the same period last year. Unfavorable currency exchange rates reduced gross sales by approximately $4.8 million and net sales by approximately $2.6 million in Q3 2016. Monster Beverage's net income for Q3 2016 was $191.6 million compared to $174.6 million in the same period last year. Net income per diluted share for the reported period came in at $0.99 compared to $0.84 in Q3 2015. Analysts had projected adjusted earnings of $1.12 per share on $818.8 million in revenue.

Monster Beverage's gross profit as a percentage of net sales was 63.8% compared to 61.5% for Q3 2015. The increase in gross profit as a percentage of net sales was primarily attributed to the cost of good savings and as a result of the AFF transaction and product mix.

Segment Results

During Q3 2016, net sales for the Company's Monster Energy® Drinks segment which is comprised of the Company's Monster Energy® drinks as well as MutantTM Super Soda, increased 3.4% to $710.1 million compared to net sales of $686.7 million for the same period last year.

Net sales for the Monster Beverage's Strategic Brands segment, which consist of the various energy drink brands acquired from The Coca-Cola Company, increased 3.2% to $72.1 million from $69.9 million in the comparable quarter of 2015.

The company reported net sales from the Other segment, which includes certain products of American Fruits & Flavors sold to independent third parties of $5.7 million for Q3 2016. There were no net sales for the Other segment for Q3 2015. Net sales to customers outside the US rose to $190.8 million in Q3 2016 from $170.6 million in the corresponding quarter of 2015.

Financials

Monster Beverage's cash and cash equivalents amounted to $341.5 million as of September 30, 2016, compared to $2.18 billion at December 2015. Short-term investments were $257.7 million compared to $744.6 million at December 31, 2016. The company's long-term investments fell to $9.5 million from $15.3 million at December 31, 2015.

Accounts receivable increased to $467.3 million at September 30, 2016, from $353 million at December 31, 2015. Monster's Days outstanding for accounts receivables increased to 46.5 days at September 30, 2016, compared to 43.2 at December 31, 2015, and 43 days at September 30, 2015. Inventories increased to $167.8 million from $156.1 million at December 31, 2015. Average days of inventory were 53 days at September 30, 2016, compared to 58 days of inventory at December 31, 2015, and 49.4 days at September 30, 2015.

Stock Performance

At the close of trading session on November 11, 2016, Monster Beverage's stock price was marginally down by 0.97% to end the day at $41.92. A total volume of 2.84 million shares were exchanged during the session, which was above the 3-month average volume of 941.82 thousand shares. Shares of the company have a PE ratio of 13.09 and a market cap of $8.21 billion.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com
Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street