What Drove Monster Beverage’s Earnings in Q3
Monster Beverage’s (MNST) third-quarter adjusted EPS of $0.50 beat analysts’ expectation of $0.46. The company’s third-quarter adjusted EPS increased 25% YoY (year-over-year). The company’s adjusted EPS excluded the impact of distributor termination expenses. Monster Beverage’s adjusted EPS growth in the third quarter was stronger than the 21.9% and 23.1% rise in the adjusted EPS in the first and second quarter.