Monster Beverage (NASDAQ:MNST) is the maker of the very popular Monster energy drink, as well as a number of other products that are actually very wholesome, with 30 real fruit and spice soda flavors, a number of immune system-boosting drinks, vitamin waters and an array of teas and lemonades. The company recently reported that its namesake line of energy drinks grabbed more market share in the fourth quarter, fueled by the success of its new line of Monster Rehab rehydration energy drinks.
As such, fourth-quarter net sales jumped 29% year-over-year to $410 million; this was in line with the consensus estimate. Over the same period, net income climbed 31% to $64.5 million, or 35 cents per share.
The company also repurchased 700,000 shares in the fourth quarter, completing its $200 million share repurchase program that has been in effect since March 2010.