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Jun 30, 2021
Monster Beverage Q2 2021 Earnings Report
Reported record second quarter net sales with a 33.6 percent increase to $1.46 billion and net income increased 29.7 percent to $403.8 million.
Key Takeaways
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.
Net sales for the second quarter increased by 33.6% to $1.46 billion.
Net income for the second quarter increased by 29.7% to $403.8 million.
Net income per diluted share for the second quarter increased by 28.6% to $0.75.
The company experienced challenges keeping up with demand due to aluminum can shortages in the United States and EMEA.
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
The Company experienced challenges keeping up with demand in the second quarter in the United States and in EMEA, largely as a result of a shortage in aluminum cans.
Positive Outlook
- Secured aluminum cans in excess of our contracted volumes from the United States, South America and Asia, with expected deliveries increasing sequentially during the latter half of the year.
- Entered into supply agreements with two new aluminum can suppliers in the United States, which are expected to be operational in the 2021 fourth quarter.
- The energy drink category, and in particular our Monster Energy® brand, continues to demonstrate sustained growth in most of our markets.
- Continued to secure distribution in both our domestic and international markets for our products, including our new products introduced earlier this year.
- Planning for additional launches during the second half of 2021.
Challenges Ahead
- The Company experienced challenges keeping up with demand in the second quarter in the United States and in EMEA, largely as a result of a shortage in aluminum cans.
- Shortage of shipping containers, as well as global port congestion may delay the arrival of imported cans.
- Experienced freight inefficiencies in the United States and in EMEA, which resulted in increased costs of sales as well as increased operating expenses in the 2021 second quarter.
- Continuing to experience increased input costs including from aluminum.
- Ongoing impact of the COVID-19 pandemic and particularly of the Delta variant.