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Jun 30, 2020
Monster Beverage Q2 2020 Earnings Report
Reported financial results for the second quarter of 2020, including an update on the impact of the COVID-19 pandemic.
Key Takeaways
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.
Second quarter net sales were $1.09 billion.
Second quarter net income increased 6.5 percent to $311.4 million.
Second quarter net income per diluted share increased 9.9 percent to $0.59 per share.
The COVID-19 pandemic had an adverse impact on net and gross sales for the three-months ended June 30, 2020.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company is implementing their 2020 product innovation launches, which were disrupted due to the COVID-19 pandemic and has a robust innovation plan for the remainder of 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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