{"id":835454,"date":"2025-04-09T08:29:41","date_gmt":"2025-04-09T12:29:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/monster-beverage-corporation-responds-to-report-by-short-seller-containing-inaccurate-and-misleading-statements\/"},"modified":"2025-04-09T08:29:41","modified_gmt":"2025-04-09T12:29:41","slug":"monster-beverage-corporation-responds-to-report-by-short-seller-containing-inaccurate-and-misleading-statements","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/monster-beverage-corporation-responds-to-report-by-short-seller-containing-inaccurate-and-misleading-statements\/","title":{"rendered":"Monster Beverage Corporation Responds to Report by Short Seller Containing Inaccurate and Misleading Statements"},"content":{"rendered":"
\n

CORONA, Calif., April 09, 2025 (GLOBE NEWSWIRE) — Monster Beverage Corporation (NASDAQ: MNST) (\u201cMonster\u201d or the \u201cCompany\u201d) today issued the following statement in response to a report issued on April 8, 2025 by a short-selling firm, Spruce Point Capital Management, containing false and misleading characterizations about the Company\u2019s business from\u00a0non-credible sources.<\/p>\n

Rodney Sacks and Hilton Schlosberg, Chairman and Vice Chairman, respectively, and Co-Chief Executive Officers of the Company, jointly stated: \u201cWe have always prided ourselves on having and continue to have a strong reputation for ethical operations and transparent reporting, and these principles remain critically important to all of us at Monster. The document released by a self-interested activist short seller is filled with and based on inaccuracies and aspersions that appear to be designed to distort the Company\u2019s record and share price for its own gain. The Company\u2019s management remains focused on the business with the ongoing objective of creating long-term value for our stakeholders and investors.<\/p>\n

\u201cThe Company\u2019s consolidated financial statements and other financial information filed with the Securities Exchange Commission (\u201cSEC\u201d) have historically been and continue to be fairly stated in all material respects, presented in accordance with generally accepted accounting principles and are governed by SEC rules and regulations.\u201d<\/p>\n

The Board of Directors of the Company (the \u201cBoard\u201d) affirmed its confidence in the Company\u2019s management and strategic direction. Lead Independent Director, Mark Vidergauz, stated: \u201cOn behalf of the entire Board, we stand in support of the management team and believe that the Company remains well-positioned for long-term success.\u201d<\/p>\n

The Company does not believe the report issued by Spruce Point Capital Management has any credibility and accordingly does not intend to comment further on the report.<\/p>\n

\n Monster Beverage Corporation<\/strong>\n <\/p>\n

Based in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. The Company\u2019s subsidiaries develop and market energy drinks, including Monster Energy\u00ae drinks, Monster Energy Ultra\u00ae energy drinks, Juice Monster\u00ae Energy + Juice energy drinks, Java Monster\u00ae non-carbonated coffee + energy drinks, Monster Killer Brew\u2122 Triple Shot, Rehab\u00ae Monster\u00ae non-carbonated energy drinks, Monster Energy\u00ae Nitro energy drinks, Reign\u00ae Total Body Fuel high performance energy drinks, Reign Storm\u00ae total wellness energy drinks, NOS\u00ae energy drinks, Full Throttle\u00ae energy drinks, Bang Energy\u00ae drinks, BPM\u00ae energy drinks, BU\u00ae energy drinks, Burn\u00ae energy drinks, Live+\u00ae energy drinks, Mother\u00ae energy drinks, Nalu\u00ae energy drinks, Play\u00ae and Power Play\u00ae (stylized) energy drinks, Relentless\u00ae energy drinks, Samurai\u00ae energy drinks, Ultra Energy\u00ae drinks, Predator\u00ae energy drinks and Fury\u00ae energy drinks. The Company\u2019s subsidiaries also develop and market still and sparkling waters under the Monster Tour Water\u00ae brand name. The Company\u2019s subsidiaries also develop and market craft beers, flavored malt beverages and hard seltzers under a number of brands, including Jai Alai\u00ae IPA, Dale\u2019s Pale Ale\u00ae, Dallas Blonde\u00ae, Wild Basin\u00ae hard seltzers, The Beast\u2122 and Nasty Beast\u00ae Hard Tea. For more information visit www.monsterbevcorp.com<\/a>.<\/p>\n\n\n\n\n\n\n
CONTACTS:<\/td>\n\u00a0<\/td>\nRodney C. Sacks
Chairman and Co-Chief Executive Officer
(951) 739-6200 <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nHilton H. Schlosberg
Vice Chairman and Co-Chief Executive Officer
(951) 739-6200<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nRoger S. Pondel \/ Judy Lin
PondelWilkinson Inc.
(310) 279-5980<\/td>\n<\/tr>\n<\/table>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

CORONA, Calif., April 09, 2025 (GLOBE NEWSWIRE) — Monster Beverage Corporation (NASDAQ: MNST) (\u201cMonster\u201d or the \u201cCompany\u201d) today issued the following statement in response to a report issued on April 8, 2025 by a short-selling firm, Spruce Point Capital Management, containing false and misleading characterizations about the Company\u2019s business from\u00a0non-credible sources. Rodney Sacks and Hilton Schlosberg, Chairman and Vice Chairman, respectively, and Co-Chief Executive Officers of the Company, jointly stated: \u201cWe have always prided ourselves on having and continue to have a strong reputation for ethical operations and transparent reporting, and these principles remain critically important to all of us at Monster. The document released by a self-interested activist short seller is filled with and based on inaccuracies and aspersions … <\/p>\n

Continue reading “Monster Beverage Corporation Responds to Report by Short Seller Containing Inaccurate and Misleading Statements”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-835454","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMonster Beverage Corporation Responds to Report by Short Seller Containing Inaccurate and Misleading Statements - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/monster-beverage-corporation-responds-to-report-by-short-seller-containing-inaccurate-and-misleading-statements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monster Beverage Corporation Responds to Report by Short Seller Containing Inaccurate and Misleading Statements - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CORONA, Calif., April 09, 2025 (GLOBE NEWSWIRE) — Monster Beverage Corporation (NASDAQ: MNST) (\u201cMonster\u201d or the \u201cCompany\u201d) today issued the following statement in response to a report issued on April 8, 2025 by a short-selling firm, Spruce Point Capital Management, containing false and misleading characterizations about the Company\u2019s business from\u00a0non-credible sources. 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