Monster Beverage GAAP EPS of $0.55 misses by $0.06, revenue of $1.52B beats by $90M
Monster Beverage press release  (NASDAQ:MNST): Q1  GAAP EPS of $0.55  misses by $0.06.
Revenue of $1.52B (+22.6% Y/Y)  beats by $90M.
As of March 31, 2022, the Company had $1.01 billion in cash and cash equivalents, $1.72 billion in short-term investments and $65.7 million in long-term investments.
âWe completed our acquisition of CANarchy Craft Brewery Collective LLCÂ on FebruaryÂ 17, 2022. We remain encouraged with the opportunities this acquisition presents to us in the alcohol space and the potential through their distribution network,â Sacks added.