Monster Beverage Earnings Reports

Monster Beverage reported Q4 2024 revenue of $1.81 billion, up 4.7% YoY. GAAP EPS decreased to $0.28, while non-GAAP EPS remained at $0.38. Net income fell 26.2% to $270.7 million, while operating income declined 12.2% to $381.2 million. The Monster Energy Drinks segment continued to grow, while the Alcohol Brands segment saw a slight decline in sales.

Monster Beverage reported a 1.3% increase in net sales to $1.88 billion for Q3 2024. However, net income decreased by 18.1% to $370.9 million, and net income per diluted share decreased to $0.38, compared to $0.43 in Q3 2023. The results were impacted by unfavorable foreign currency exchange rates and certain expenses.

Monster Beverage Corporation reported a 2.5% increase in net sales for the second quarter of 2024, reaching $1.90 billion. Despite unfavorable foreign currency exchange rates, the company saw growth in its Monster Energy Drinks and Strategic Brands segments. Gross profit margins improved due to decreased freight costs and lower aluminum can costs. The company is planning a price increase in the United States effective November 1, 2024.

Monster Beverage Corporation reported an 11.8% increase in net sales for the first quarter of 2024, reaching $1.90 billion. Net income increased by 11.2% to $442.0 million, with earnings per diluted share rising to $0.42. The company intends to commence a tender offer to repurchase up to $3.0 billion of common stock.

Monster Beverage Corporation reported a 14.4% increase in net sales for the fourth quarter of 2023, reaching $1.73 billion. Net income increased by 21.6% to $367.0 million. Gross profit margin improved to 54.2%.

Monster Beverage Corporation reported a 14.3% increase in net sales for the third quarter of 2023, reaching $1.86 billion. Net income increased by 40.4% to $452.7 million. Gross profit margin improved due to pricing actions and decreased costs. The company completed the acquisition of Bang Energy® on July 31, 2023, which impacted gross margins due to the Bang Inventory Step-Up.

Monster Beverage Corporation reported a strong second quarter in 2023, with net sales increasing by 12.1% to $1.85 billion. Net income saw a substantial rise of 51.4% reaching $413.9 million, driven by growth in the energy drink market and improved gross profit margins.

Monster Beverage Corporation reported record first quarter net sales of $1.70 billion, an 11.9 percent increase compared to the previous year. The company's operating income also rose by 21.4 percent to $485.1 million. Gross profit margins continued to increase on a sequential quarterly basis, driven by pricing actions, decreased freight-in costs, and decreased aluminum can costs.

Monster Beverage Corporation reported record fourth quarter net sales of $1.51 billion, a 6.2% increase compared to the previous year. Adjusting for unfavorable foreign currency impacts, net sales increased by 11.9%. Gross profit margin improved sequentially, and the company declared a two-for-one stock split.

Monster Beverage Corporation reported a 15.2% increase in net sales for the third quarter of 2022, reaching a record $1.62 billion. The company mitigated increased costs through pricing actions, which positively impacted gross margins. However, the company experienced a decrease in gross profit as a percentage of net sales due to increased ingredient, logistical, and aluminum can costs. A new $500 million share repurchase program was authorized by the Board of Directors.

Monster Beverage Corporation reported a 13.2% increase in net sales for the second quarter of 2022, reaching a record $1.66 billion. However, the company experienced a decrease in gross profit and operating income due to increased costs of sales and operating expenses. The company is implementing price increases to mitigate the impact of increased costs.

Monster Beverage Corporation reported a 22.1% increase in net sales for the first quarter of 2022, reaching a record $1.52 billion. The company completed its acquisition of CANarchy Craft Brewery Collective LLC and is planning a price increase in the United States effective September 1, 2022.

Monster Beverage Corporation reported record fourth quarter net sales of $1.43 billion, a 19.1% increase compared to the previous year. The company faced challenges including increased costs and supply chain disruptions but achieved solid results overall. Net income decreased due to a non-recurring tax benefit in the comparative 2020 quarter.

Monster Beverage Corporation reported record third-quarter net sales, increasing 13.2% to $1.41 billion. The company faced headwinds due to aluminum can shortages and supply chain challenges, leading to increased costs. Measures are being implemented to mitigate these costs through reductions in promotions and other pricing actions.

Monster Beverage Corporation reported record second quarter net sales, increasing 33.6% to $1.46 billion. Net income also saw a significant rise of 29.7%, reaching $403.8 million, and net income per diluted share increased 28.6% to $0.75.

Monster Beverage Corporation reported record first quarter net sales and profits, with net sales increasing by 17.1% to $1.24 billion and net income rising by 13.0% to $315.2 million. The company faced challenges including aluminum can shortages and freight inefficiencies but continued with product launches in domestic and international markets.

Monster Beverage Corporation reported a strong fourth quarter with a 17.6% increase in net sales, reaching $1.20 billion. Net income increased by 85.0% to $471.7 million, which included a $165.1 million non-recurring tax benefit. The company's Monster Energy Drinks segment saw a 17.7% increase in net sales.

Monster Beverage Corporation reported a strong third quarter in 2020, marked by record net sales of $1.25 billion, a 9.9% increase year-over-year. Net income saw a 16.3% rise to $347.7 million, and diluted earnings per share increased by 19.6% to $0.65. The company's performance was driven by growth in its Monster Energy Drinks and Strategic Brands segments, despite the ongoing challenges posed by the COVID-19 pandemic.

Monster Beverage Corporation reported a decrease in net sales for the second quarter of 2020 to $1.09 billion, compared to $1.10 billion in the same period last year. Net income increased by 6.5% to $311.4 million, and net income per diluted share increased by 9.9% to $0.59.

Monster Beverage Corporation reported a 12.3% increase in net sales for the first quarter of 2020, reaching $1.06 billion. Net income increased by 6.6% to $278.8 million, with earnings per diluted share rising to $0.52. The company's performance was driven by growth in its Monster Energy® Drinks segment and Reign Total Body Fuel® high performance energy drinks.

Monster Beverage Corporation reported a 10.1% increase in net sales for Q4 2019, reaching $1.02 billion. Net income increased by 6.6% to $255.0 million, with net income per diluted share increasing by 9.7% to $0.47. The company's Monster Energy Drinks segment saw an 11.7% increase in net sales, while the Strategic Brands segment decreased by 10.1%.