Monster Beverage Corporation has announced that net sales for the third quarter of 2017 have increased 15.4% to $909 million from $788 million during the same period last year.
Net sales for the company’s energy drinks segment, which is comprised of Monster Hydro energy drinks and Mutant Super Soda drinks, increased 16.6% to $828 million from $710 million in the corresponding quarter.
Meanwhile, net sales for the company’s American fruits & flavours sold to independent third parties, were slightly down at $5.2 million, compared with $5.7 million.
In terms of geographical regions, net sales to customers outside the United States increased 36.3% to $260 million from $191 million.
Rodney C. Sacks, chairman and chief executive officer, said: “The strategic alignment of our distribution system with Coca-Cola system bottlers continues to progress well. During the third quarter, we successfully transitioned Nicaragua and Vietnam to Coca-Cola bottlers and commenced distribution of Monster Energy in Georgia, Kuwait and Taiwan in the quarter.
“In October 2017, we launched or transitioned the Monster Energy brand in a number of smaller countries and are currently planning for further launches or transitions in other countries. We are also planning a relaunch in India. We are in the process of launching Espresso Monster in 8.4 oz. cans in two flavours, as well as NOS Nitro Mango in 16 oz. cans, in the United States. Further new product launches are planned for 2018.”
© FoodBev Media Ltd 2020
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