Monster Beverage (MNST) shares sank Thursday, a day after co-澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Hilton Schlosberg acknowledged headwinds in the energy drinks sector in the company's second-quarter earnings report.

“The energy drink category in the United States and in certain other countries experienced lower growth rates in the second quarter,” Schlosberg said. “Retailers have reported a reduction in convenience store foot traffic and we have seen a shift at retail towards more mass and dollar channels. Other beverage and consumer packaged product companies have also seen a tighter consumer spending environment and weaker demand in the quarter." 

Q2 Sales, EPS Miss Analysts' Estimates

In the second quarter, Monster reported 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of 41 cents on net sales tꦜhat rose 2.5% year-over-year to $1.90 billion, both shy of analysts'♎ consensus estimates compiled by Visible Alpha. 

The company also reiterated that a roughly 5% price increase is coming to its core brands and packag🍎es in the U.S. starting November 1. 

Shares of Monster fell mor🉐e than 10% to $45.25 as of 11 aꦛ.m. ET Thursday. They are roughly 21% lower this year.