Monster Beverage Q4 Misses Badly Amid Distribution Woes

Monster Beverage (MNST) had an energy crash late Thursday, badly missing Q4 forecasts as it continues to transition distribution of its energy drinks to strategic partner Coca-Cola (KO).

Monster’s earnings per share fell 6.9% to 67 cents. Analysts expected a 14% increase to 82 cents. It was the third time in the past five quarters that Monster has reported lower-than-expected earnings.

Net sales grew 6.6% to $645.4 million, well below analyst consensus of $698.4 million.

Shares sank 8% in...

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