​Monster Beverage Sees Worst Growth Since 2020 Amid Energy Drink Downturn  – Tyler Durden

Monster Beverage Sees Worst Growth Since 2020 Amid Energy Drink Downturn  Shares of Monster Beverage fell in premarket trading after the energy drink maker reported second-quarter earnings per share that fell short of the average Wall Street analyst tracked by Bloomberg. The report also revealed that drink volumes slid to their worst rate since the beginning of the virus pandemic. All of this reaffirms our view low/mid-tier consumers are continuing to pull back on spending. “We are a blue-collar brand and our consumers are more hard-pressed than consumers in other categories,” Monster Co-Chief Executive Officer Rodney C. Sacks told investors on an earnings call.  Second-quarter…  — Continue at ZeroHedge News : Read More