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Dear Client: Monster saw huge gains in its international business in Q1, which is slowly working its way to make up half of the company’s business. But Monster didn’t just grow sales internationally, as net sales in the U.S. and Canada increased 15.6% in Q1 vs. YA, driven by a “solid overall contribution from our core products, complemented by innovation,” said CEO Hilton Schlosberg on yesterday’s earnings call. “All channels contributed to sales growth, including e-commerce, with sales achieving a
Quality Brands To Take Over RNDC’s Ops in the Plain States
Dear Client: The deals keep moving for RNDC. Not long after the announcement this morning that Breakthru would acquire RNDC’s JVs in Kentucky and Indiana – another one popped up. Indeed, RNDC also shared today that it has entered into a letter of intent with multistate A-B house, Quality Brands, in “a potential transaction” to acquire RNDC’s operations in the Plains States including, Nebraska, South Dakota, and North Dakota. Note, Quality Brands currently has locations in Nebraska, South Dakota, Wyoming,
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