Monster's Expanding Distribution, Particularly Abroad, Should Drive Substantial Sales Growth
Monster Beverage posted annual results that largely aligned with our expectations, with net sales growth of 13.0%, operating margin of 33.7%, and diluted earnings per share of $1.76 near our estimates of 12.5%, 34.3%, and $1.77, respectively. As we had expected, input cost inflation (particularly for aluminum cans and freight) and an unfavorable shift in mix (from both a product and geographic perspective) compressed profitability, with full-year gross margin contracting 320 basis points to 60.3...Monster Beverage is a holding company. Through its subsidiaries, the company develops, markets, sells and distributes energy drink beverages and concentrates for energy drink beverages. The company has the following operating and reportable segments: Monster Energy? Drinks segment, which is primarily comprised of the company's Monster Energy? drinks and Reign Total Body Fuel? energy drinks; Strategic Brands segment, which is comprised primarily of the various energy drink brands from The Coca-Cola Company, as well as its energy drinks; and Other segment, which is comprised of certain prod ucts sold by American Fruits and Flavors, LLC, a wholly-owned subsidiary, to independent third-party customers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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