$MNST,...Heard during Monster Beverage's earnings call
Monster Beverage (MNST +13%) says it increased market share across Europe in December and January.
A lot of detail is given out during the call on the transition to Coca-Cola from Anheuser-Busch InBev for distribution. The company maintains inventory issues will not be problem.
Sales of Monster products through the convenience and gas channel rose 11.3% Y/Y in January.
Execs says the board will examine capital allocation options in light of the new funds coming in from Coca-Cola.
Shares of MNST are trading over $140 for the first today.
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