What Drove Monster Beverage’s 1Q18 Sales?
Monster Beverage (MNST) generated net sales of $850.9 million in 1Q18, surpassing the consensus analyst estimate of about $850 million. The company’s sales grew 14.7% on a year-over-year basis in 1Q18. This growth rate was quite an improvement compared to the 7.5% sales growth rate in 4Q17 and the 9.1% growth rate in 1Q17.