Overview

• Monster Beverage reported Q2 net sales of $1.90 billion, below the expected $2.01 billion.
• Earnings per share were 41 cents, missing the projected 45 cents per share.
• Convenience store foot traffic has decreased, affecting energy drink sales.
• Monster plans a 5% price increase for its core products starting November 1.
• The company's alcoholic beverage sales fell nearly 32% in the quarter.