Monster Beverage Corp. stock falls on Q2 earnings miss

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Monster Beverage Corporation Nouvelles

Monster Beverage Corp. stock falls on Q2 earnings miss
Julie Hyman,Energy Drink,Consumer Spending

Shares of Monster Beverage Corporation (MNST) are slipping after the energy drink company missed its second quarter earnings estimates, citing lower consumer...

A Ceo Rodney Sachs announced slowing growth due to lower consumer spending coupled with less foot traffic in convenience stores.We also have seen other companies like Celsius say they're taking market share of Rodney Sack said on the call, we are a blue collar brand and our consumers are more hard pressed than consumers in other categories.Analyst Bloomberg, by the way, just saying us energy drink sales, they are under pressure uh from a more price conscious consumer is how they put it.

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