Monster Beverage reported a 12% jump in first-quarter revenue on Thursday, helped by steady demand for the energy drink maker's high-priced juices as well as easing freight costs. Demand for the company's energy drinks, including Monster Energy and Tour Water, held as inflation-weary customers stretched their budgets to spend on at-home meals and beverages. Last month, peer Keurig Dr Pepper and larger peer Coca-Cola also reported an upswing in consumer demand for their beverages.
Energy drink company Monster Beverage (NASDAQ:MNST) will be reporting earnings tomorrow after market close. Here's what to expect.
Food and beverage supplier MGP Ingredients (NASDAQGS:MGPI) will be announcing earnings results tomorrow before market hours. Here's what you need to know.