Monster Beverage Has a Big Test Coming Up in Early September
Monster Beverage (NASDAQ: MNST) has fixed a few of the issues that were harming its business in late 2021. The company said in its recent first-quarter earnings report that it has rebuilt inventory, reduced the need for expensive air freight, and secured enough inputs like aluminum cans to meet rising demand for its energy drinks.
But that demand spike is about to be tested by an upcoming price increase scheduled for early September. And, given the significant drop in profitability that Monster has reported over the last few quarters, that price boost might be significant.
Let's dive right in.
Source Fool.com
