Monster Beverage sales slump on weak demand for alcohol beverages

Monster Beverage Display IV

jetcityimage/iStock Editorial via Getty Images

Weighed down by foreign exchange headwinds, adverse weather, and weaker alcohol segment sales, Monster Beverage (NASDAQ:MNST) reported a 2.3% year-over-year sales decline in Q1, falling $130M short of Wall Street expectations and sending shares lower in after-hours trading.

β€œThe Alcohol

Leave a Reply

Your email address will not be published. Required fields are marked *