Shares of Monster Beverage (MNST) rose to an all-time excessive Friday, a day after a constructive outlook from the power drink maker overcame a shock drop in gross sales.

Co-CEO Hilton Schlosberg stated in the course of the agency’s earnings name that April «was a very strong month,» in accordance with an AlphaSense transcript. Co-CEO Rodney Sacks added the corporate estimates that on a overseas foreign money adjusted foundation, final month’s gross sales had been almost 17% greater than in April 2024, and 18% greater on a overseas foreign money adjusted foundation, excluding the Alcohol Manufacturers phase.

These feedback offset Monster’s first-quarter outcomes, which Schlosberg famous had been «impacted by a lot of headwinds.» Income slid greater than 2% to $1.85 billion, whereas analysts surveyed by Seen Alpha had been searching for a rise to $1.98 billion. Earnings per share (EPS) of $0.45 was one cent under forecasts.

The corporate stated the gross sales decline was brought on by «bottler/distributor ordering patterns in the USA and EMEA, antagonistic modifications in overseas foreign money alternate charges, decreased gross sales within the Alcohol Manufacturers phase, antagonistic climate, one much less promoting day within the 2025 first quarter, in addition to unsure financial circumstances.»

In gross sales by phase, Monster Power Drinks slipped virtually 1% to $1.72 billion, Strategic Manufacturers misplaced 9% to $98.3 million, and Alcohol Manufacturers plunged 38% to $34.7 million. The unit often known as Different, which primarily consists of its American Fruits and Flavors subsidiary, confirmed a gross sales acquire of 8% to $6.0 million.

Monster Beverage shares had been up 2% to $61.34 in current buying and selling after earlier hitting a document $61.83. They’ve elevated about 17% this yr.