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Fly News Breaks for June 22, 2016
MNST
Jun 22, 2016 | 07:10 EDT
After conducting checks with convenience store retailers, Wells Fargo says retailers' feedback suggests that Monster's upcoming Mutant drink should significantly increase the company's sales. The firm reports that retailers expect Mutant and another upcoming drink, Hydro, to increase Monster's retail sales by $300M within two years. Wells thinks that Mutant alone could generate $300M-$400M of retail sales for the company by 2018, with limited cannibalization. ,
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