Monster Beverage (MNST) Tops Q1 EPS by 6c; Plans to Conduct $2B 'Dutch Auction' Tender Offer

Monster Beverage (NASDAQ: MNST) reported Q1 EPS of $0.80, $0.06 better than the analyst estimate of $0.74. Revenue for the quarter came in at $680.2 million versus the consensus estimate of $665.8 million.

Consistent with the Company's previously announced plan to return capital to shareholders in 2016, the Company currently intends to commence a tender offer in May to purchase up to $2.0 billion in value of its common stock through a modified "Dutch auction" tender offer at a price range to be specified.

The Company will fund the tender offer with cash on hand.

The Company's two founders have indicated that they may participate in the offer, however they will continue to own a substantial majority of their current holdings following any successful tender offer.

For earnings history and earnings-related data on Monster Beverage (MNST) click here.

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