What to Expect From Monster Beverage Corporation’s Q2 Earnings?
<p>Analysts at RBC Capital provided their views on <a href='https://financialmodelingprep.com/financial-summary/MNST'>Monster Beverage Corporation’s (NASDAQ:MNST)</a> upcoming Q2 earnings results, expecting net sales growth of 9.6% and EPS of $0.70. </p>
<p>The analysts expect strong US trends with potential upside, driven by faster growth in untracked channels. US net sales growth is expected to be over 11.8% year-over-year (vs. Street’s 9.9%), including the sales contribution from the CANarchy acquisition. The analysts expect a sequential slowdown in Q2 international sales growth to 6.0% year-over-year (vs. Street’s 5.7%).</p>
<p>According to the analysts, the company will implement its 6% price increase in September, and Red Bull will follow with a 7% increase.  The analysts expect gross margin pressure as the company works through aluminum cans at higher costs, which will take a few quarters to be fully depleted. However, the recent decline in aluminum prices creates a good setup for 2023.</p>
 

NASDAQ:MNST