The drink maker formerly known as Hansen Natural posted Q1 EPS of 37 cents, down 10.8% and 9 cents shy of analyst views. Monster Beverage (MNST) sales climbed 6.5% to $484.2 mil, missing. Operating expenses climbed 26%. The quarter included $8.3 mil in charges for distributor termination obligations, as well as foreign currency effects and litigation costs. Shares dropped 14.5% to 48.73 after hours. Separately, Coca-Cola (KO) pledged to stop marketing sugary drinks to young children and to make calorie labeling more consistent and clear globally. Shares fell 0.6% to 42.46.
- Consumer Discretionary
- Hansen Natural