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Jun 30, 2022
Monster Beverage Q2 2022 Earnings Report
Reported record second quarter net sales with a rise of 13.2 percent, reaching $1.66 billion.
Key Takeaways
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.
Net sales increased by 13.2% to $1.66 billion in the second quarter of 2022.
Net income decreased by 32.3% to $273.4 million in the second quarter of 2022.
The company is planning to launch Monster Energy® Zero Sugar in the fourth quarter of 2022.
Price increase set for September 1, 2022 in the United States.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company is implementing measures to mitigate the impact of increased costs experienced in our supply chain through reductions in promotions and other pricing actions in the United States and in EMEA.
Positive Outlook
- The company is well positioned to capitalize on growth in the global energy drink category.
- The company continued to launch new products and expanded distribution of our brands in many international markets in the second quarter of 2022.
- The company is planning to launch Monster Energy® Zero Sugar in the 2022 fourth quarter, initially in the United States.
- The company is planning to launch our first flavored malt beverage alcohol product leveraging Monster’s brand equity late in the 2022 fourth quarter.
- Our innovation pipeline of both alcoholic and non-alcoholic beverages is robust and exciting.
Challenges Ahead
- Significant increases in freight-in and fuel costs, including costs relating to the importation of aluminum cans, as well as other input costs continue to impact costs of sales.
- Increases in distribution costs, particularly freight and fuel, continued to adversely impact operating expenses.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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