Despite elevated costs and currency woes, Monster Beverage's (MNST) continued momentum in the energy drinks category and a robust pipeline of new products are likely to drive growth.
Stock splits have generated a lot of interest over the past several years. In early 2022, the company also made a big move into the alcohol industry, with the acquisition of the CANarchy Craft Brewery collective, which brought a host of craft brewers, including Cigar City, Oskar Blues, Deep Ellum, Perrin Brewing, Squatters, and Wasatch into Monster's portfolio.
The company also got itself into the alcohol trade, and it's gearing up for another run of growth.