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Mar 31, 2020
Monster Beverage Q1 2020 Earnings Report
Reported financial results for Q1 2020, with net sales increasing by 12.3% to $1.06 billion and net income increasing by 6.6% to $278.8 million.
Key Takeaways
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.
Net sales for the first quarter of 2020 increased by 12.3% to $1.06 billion.
Net income for the first quarter of 2020 increased by 6.6% to $278.8 million.
Net income per diluted share for the first quarter of 2020 increased by 8.2% to $0.52.
The impact of the COVID-19 pandemic on the Company’s net and gross sales for the 2020 first quarter was not material.
Monster Beverage
Monster Beverage
Monster Beverage Revenue by Segment
Monster Beverage Revenue by Geographic Location
Revenue by Segment
Monster Energy Drinks Revenue
CapyFin.comStrategic Brands Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
International Revenue
CapyFin.com Forward Guidance
Currently, the Company does not foresee a material impact on the ability of its co-packers to manufacture and its bottlers/distributors to distribute its products as a result of the COVID-19 pandemic. In addition, the Company is not experiencing raw material or finished product shortages in its supply chain. Based on currently available information, the Company does not expect the COVID-19 pandemic to have a material impact on its liquidity.