Monster Beverage Takes an Energizing Swig of Stock Gains After Beating Q2 Estimates

In spite of the worst that the coronavirus could throw at the food and beverage sector, Monster Beverage (NASDAQ: MNST) kept up a yearlong winning streak by surpassing analyst consensus estimates for the fourth consecutive quarter. Monster's net sales registered only a small year-over-year decrease, declining from $1.1 billion in Q2 2019 to $1.09 billion in Q2 2020. Monster added that its "e-commerce, club store, mass merchandiser, and grocery and related business continued to increase in the quarter."