Monster Sees Record Sales in Q3, But Alcohol Brands Down Double Digits

Dear Client:  Monster Beverage Corp. has been on a tear this year, most recently reporting record quarterly net sales of $2.2 billion in Q3, a 16.8% increase from the $1.88 billion in net sales recorded a year ago.  The record earnings were attributed, in large part, to increasing household penetration of the energy category globally, CEO Hilton Schlosberg said on the company's earnings call yesterday, noting that new consumers are entering the energy category as it continues to tap into