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CG Stocks Watchful! Monster Beverage Corporation (MNST), Lululemon Athletica inc. (LULU)

Shares of Monster Beverage Corporation (NASDAQ:MNST) ended Friday session in green amid volatile trading. The shares closed up +1.44 points or 0.99% at $146.81 with 721,375 shares getting traded. Post opening the session at $146.16, the shares hit an intraday low of $145.37 and an intraday high of $147.49 and the price vacillated in this range throughout the day. The company has a market cap of $27.95 billion and the numbers of outstanding shares have been calculated to be 190.38 million shares.

Monster Beverage Corporation (MNST) reported financial results for the three- and six-months ended June 30, 2016.

Second Quarter Results

Gross sales for the 2016 second quarter increased 19.7 percent to $945.8 million from $789.9 million in the same period last year.  Net sales for the 2016 second quarter increased 19.3 percent to $827.5 million from $693.7 million in the same period last year. Unfavorable currency exchange rates reduced gross sales by approximately $5.2 million and net sales by approximately $4.1 million in the 2016 second quarter. Excluding accelerated recognition of deferred revenue, gross and net sales would be reduced by $5.0 million in the second quarter of 2016.

Net sales for the Company’s Monster Energy® Drinks segment, which is comprised of the Company’s Monster Energy® drink products (previously the Finished Products segment), for the 2016 second quarter increased 14.2 percent to $743.5 million from $651.2 million for the same period last year.  Excluding accelerated recognition of deferred revenue, gross and net sales for the Monster Energy® Drinks segment would be reduced by $5.0 million in the second quarter of 2016.  Net sales for the Company’s Strategic Brands segment, which include the various energy drink brands acquired from TCCC as a result of the TCCC Transaction (previously the Concentrate segment), for the 2016 second quarter increased 496.4 percent to $77.4 million from $13.0 million in the comparable 2015 quarter (effectively from June 13, 2015 to June 30, 2015).  Net sales for the Company’s Other segment for the 2016 second quarter were $6.6 million compared with $29.5 million for the same period last year. Net sales of $6.6 million for the Company’s Other segment for the 2016 second quarter represent third-party sales acquired as part of the AFF Transaction in the quarter.  Included in net sales for the Company’s Other segment for the 2015 second quarter was $29.5 million of net sales (effectively from April 1, 2015 to June 12, 2015), related to the brands disposed of as a result of the TCCC Transaction.

Shares of Lululemon Athletica inc. (NASDAQ:LULU) ended Friday session in red amid volatile trading. The shares closed down -0.01 points or -0.02% at $60.98 with 2,822,414 shares getting traded. Post opening the session at $60.96, the shares hit an intraday low of $60.17 and an intraday high of $61.41 and the price vacillated in this range throughout the day. The company has a market cap of $8.36 billion and the numbers of outstanding shares have been calculated to be 127.26 million shares.

Lululemon Athletica inc. (LULU) announced financial results for the second quarter ended July 31, 2016.

For the second quarter ended July 31, 2016:

  • Net revenue increased by 14% to $514.5 million from $453.0 million in the second quarter of fiscal 2015, or increased by 15% on a constant dollar basis.
  • Total comparable sales, which includes comparable store sales and direct to consumer, increased by 4%, or by 5% on a constant dollar basis.
  • Comparable store sales increased by 3%, or by 4% on a constant dollar basis.
  • Direct to consumer net revenue increased by 6% to $87.4 million, or by 7% on a constant dollar basis. In the second quarter of fiscal 2015 we held an online warehouse sale. Excluding the impact of this online warehouse sale, direct to consumer net revenue would have increased by 16%.
  • Gross profit increased by 20% to $254.2 million, and as a percentage of net revenue gross profit was 49.4% compared to 46.8% in the second quarter of fiscal 2015.
  • Income from operations increased by 11% to $74.0 million from $66.6 million in the second quarter of fiscal 2015, and as a percentage of net revenue was 14.4% compared to 14.7% of net revenue in the second quarter of fiscal 2015.
  • Income tax expense was $20.9 million, which included a net income tax recovery of $1.9 million related to the Company’s transfer pricing arrangements and the associated plan to repatriate foreign earnings. In addition, there was a related net interest expense of $0.3 million. The effective tax rate in the second quarter of fiscal 2016 was 28.1% compared to 29.3% in the second quarter of fiscal 2015. Excluding the above tax and related interest adjustments, the effective tax rate was 30.5% in the second quarter of fiscal 2016.
  • Diluted earnings per share for the second quarter of fiscal 2016 were $0.39 compared to $0.34 in the second quarter of fiscal 2015. Excluding the above tax and related interest adjustments, diluted earnings per share were $0.38 for the second quarter of fiscal 2016.
  • During the second quarter of fiscal 2016, the Company repurchased 0.2 million shares of the Company’s common stock at an average cost of $63.65 per share, completing our approved stock repurchase program.

 

 

 

About Steve Johnson

Steve Johnson was previously writing news on part time basis with many consumer goods websites. Now Steve Johnson is writing columns with us on consumer goods. He has no match the way he presents the news on consumer goods. Customers like his news, analysis and predictions.

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