Posted by BevNET.com Staff at 3:40 PM on November 13, 2012
BevNET Live Winter 2012 is less than three weeks and is on pace to be a completely sold out show. If you are interested in attending, but have still not registered, now is the time to reserve your spot among over 500 beverage industry professionals, including investors, suppliers, retailers, and distributors. Sign up now by clicking the link below…
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Posted by Ray Latif at 3:29 PM on November 13, 2012
For the second time in three months, Monster Beverage’s board of directors has authorized a repurchase of up to $250 million of the company’s outstanding common stock. Monster’s board initiated the stock repurchase following weaker than expected third quarter revenues and profits. The company achieved $541.9 million in revenue for the quarter – a 14 percent jump in year over year sales – but fell well short of the $578.4 million that analysts projected.
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