Financial Results, and Stock Price Movements - Analyst Notes on Monster Beverage, Molson Coors, Constellation Brands, FEMSA and Boston Beer
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NEW YORK, May 15, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Monster Beverage Corp (NASDAQ: MNST), Molson Coors Brewing Company (NYSE: TAP), Constellation Brands, Inc. (NYSE: STZ), Fomento Economico Mexicano SAB (NYSE: FMX) and Boston Beer Co. Inc. (NYSE: SAM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2495-100free.
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Monster Beverage Corp Analyst Notes
On May 8, 2014, Monster Beverage Corp (Monster Beverage) reported its Q1 2014 financial results. Net sales increased 10.7% YoY to $536.1 million during the quarter. Q1 2014 net income was $95.3 million, or $0.55 per diluted share, compared to $63.5 million, or $0.37 per diluted share in Q1 2013. Operating income for Q1 2014 increased 38.7% YoY to $148.9 million. The Company informed that the Q1 2014 financial results were impacted by professional service cost related to regulatory matters and litigation concerning advertising, marketing, promotion, ingredients, usage, safety, and sale of the Company's Monster Energy® brand energy drinks. Rodney C. Sacks, Chairman and CEO, Monster Beverage, said "During the quarter, we successfully commenced production in Japan, which marks our 10th co-packing facility for Monster Energy brand energy drinks outside the United States. We also are proceeding with our plans to introduce Monster Energy brand energy drinks in additional international markets." The full analyst notes on Monster Beverage are available to download free of charge at:
http://www.analystsreview.com/2495-MNST-15May2014.pdf
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Molson Coors Brewing Company Analyst Notes
On May 7, 2014, Molson Coors Brewing Company (Molson Coors) and SABMiller plc reported Q1 2014 financial results of their joint venture, MillerCoors LLC (MillerCoors), whose non-GAAP underlying net income increased 7.4% YoY to $291.9 million. Income growth was driven by positive pricing and sales mix, cost savings, and lower marketing spending. Total net sales increased 0.1% YoY to $1.8 billion during the quarter. GAAP net income attributable to MillerCoors increased 7.1% YoY to $291.2 million. Tom Long, CEO, MillerCoors, said, "In the first quarter, we continued to gain share in the high-margin and fast-growing Above Premium space with Miller Fortune and the Redd's franchise. In Above Premium, we are expanding the category and attracting new legal drinking age consumers to beer with our innovations and brands like Leinenkugel's and Blue Moon. The key to our success will be our performance in Premium Lights, which have been particularly challenged recently, including in the first quarter." The full analyst notes on Molson Coors are available to download free of charge at:
http://www.analystsreview.com/2495-TAP-15May2014.pdf
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Constellation Brands, Inc. Analyst Notes
On May 12, 2014, Constellation Brands, Inc.'s stock increased 1.02%, ending the day $80.13. Over the previous three trading sessions, share of the Company also increased 1.28%, compared with S&P 500, which also increased 0.98%, during the same period. The full analyst notes on Constellation Brands are available to download free of charge at:
http://www.analystsreview.com/2495-STZ-15May2014.pdf
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Fomento Economico Mexicano SAB Analyst Notes
On April 30, 2014, Fomento Economico Mexicano SAB (FEMSA) reported its Q1 2014 financial results. Total revenues increased 14.3% YoY to (Mexican Pesos) MXN64.2 billion and income from operations grew 16.2% YoY to MXN5.9 billion, during the quarter. Net consolidated income decreased 4.1% YoY to MXN3.8 billion as a result of higher financing expenses related to bonds issued by FEMSA and Coca-Cola FEMSA, while net majority income for Q1 2014 was MXN0.70 per FEMSA Unit. Commenting on the results, Carlos Salazar Lomelín, FEMSA CEO, said, "Our first quarter performance was encouraging, even as consumer sentiment in Mexico remained sluggish. Volumes suffered during the quarter, as expected, but we continue to work on optimizing our portfolio and are optimistic about our ability to adapt. Elsewhere, we observed some good growth trends, particularly in Brazil and Venezuela." The full analyst notes on FEMSA are available to download free of charge at:
http://www.analystsreview.com/2495-FMX-15May2014.pdf
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Boston Beer Co. Inc. Analyst Notes
On April 30, 2014, Boston Beer Co. Inc. (Boston Beer) reported its Q1 FY 2014 (period ended March 29, 2014) financial results. Q1 FY 2014 net revenue increased 35.2% YoY to $183.8 million. Q1 FY 2014 net income increased to $8.3 million, or $0.62 per diluted share, compared to $6.9 million, or $0.51 per share diluted in Q1 FY 2013. The Company informed that the increase is due to shipment increases that were partially offset by increased investment in advertising, promotional and selling expenses, as well as the impact of a favourable federal income tax settlement of $0.06 per share diluted in Q1 FY 2013. Martin Roper, President and CEO, Boston Beer, said, "Our supply chain performance improved during the quarter, but still remains below our expectations. The high demand levels, unseasonal weather and planned shutdowns for maintenance and efficiency improvements caused us to experience higher operational and freight costs than we had originally expected. While our growth continues to challenge us operationally, we have improved our service level to our distributors and decreased our product shortages." The full analyst notes on Boston Beer are available to download free of charge at:
http://www.analystsreview.com/2495-SAM-15May2014.pdf
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