JaguarConsumer Weekly Callouts – June 25 (MNST, RCL, MCD, QSR, SBUX, WEN)

Monster Beverage (MNST), this past week, hosted its Annual Meeting with JPMorgan noting that management sounded upbeat on its overall business trajectory. A couple of key takeaways from the event included:

-Management noted that there is likely to be increased promotional activity upcoming, although it is largely in-line with the historical cadence of higher promotional levels in 2Q/3Q relative to 1Q/4Q. Commentary around commodities was largely in-li