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Sep 30, 2021
Monster Beverage Q3 2021 Earnings Report
Reported record third quarter net sales with a 13.2 percent increase to $1.41 billion.
Key Takeaways
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.
Net sales for the 2021 third quarter increased 13.2 percent to $1.41 billion.
Net sales for the Company’s Monster Energy® Drinks segment increased 14.3 percent to $1.33 billion.
Net sales to customers outside the United States increased 18.7 percent to $527.4 million.
Operating income for the 2021 third quarter decreased to $444.5 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company is addressing increased costs through reductions in promotions and other pricing actions in the United States and EMEA. They have entered into supply agreements with two new aluminum can suppliers in the United States.
Positive Outlook
- Expanded distribution of brands in certain international markets.
- Launched True North™ Pure Energy Seltzer in the United States in August 2021.
- Launching Monster® (stylized) Reserve line to the retail trade.
- Entered into supply agreements with two new aluminum can suppliers in the United States.
- Deliveries commencing from October and December, respectively.
Challenges Ahead
- Faced headwinds in keeping up with demand in the United States and in EMEA.
- Experienced a shortage in aluminum cans.
- Experienced challenges in the availability of co-packing capacity.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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