Mountter functions for sudden drinks decrease in net quarterly sales on shrinking demand

(Reuters) -Monster Beverge mentioned a sudden decrease in the revenues of the first quarter on Thursday, indicating that consumers in the United States have set out on precious energy drinks amid economic uncertainty.

The cold weather in January and high largest in February led to softer spending than consumers, affecting sales during the quarter.

The company also blended the decrease in net sales to the changes in the request of patterns of bottles and distributors in the opposite winds of the American currency, Europe and the foreign currency.

Monster drinks against aluminum prices, but said that she will learn about the customs duties imposed on the imports of the material due to the high aluminum premium in the Middle West in the American West, which rose more than 70 % in the three months to March.

The company said that one of its flavors and focus was planning to open a facility in Brazil, which is expected to operate next year, to help reduce the effect of aluminum fees.

However, this customs tariff was not expected to have a material impact on the total results of the company.

Beverages Coca-Cola warned last month that the total economic uncertainty due to the customs tariff may harm the morale of the consumer, although the final results estimates are issued.

Net sales for the Monster Energy Drinks sector, which includes the brand of the same name and the total body fuel products prevail, dominated 0.8 % to $ 1.72 billion.

The total revenue decreased by 2.3 % to $ 1.85 billion during the quarter ending on March 31, compared to analysts, an increase of 4.3 % to $ 1.98 billion, according to the data collected by LSEG.

California -based Corona company said that the continuous weakness in the alcoholic brands sector also weighs sales during the quarter.

Monster increased prices over the past year, helped its total profits as a percentage of net sales to 56.5 % from 54.1 % in the previous year.

With the exception of the elements, he got 45 cents per share, compared to an estimate of 46 cents.

Monster shares decreased by 2.2 % in extended trading.

(Bet by Juvera Tabassum;