Monster Beverage Corporation reported a 10.1% increase in net sales for Q4 2019, reaching $1.02 billion. Net income increased by 6.6% to $255.0 million, with net income per diluted share increasing by 9.7% to $0.47. The company's Monster Energy Drinks segment saw an 11.7% increase in net sales, while the Strategic Brands segment decreased by 10.1%.
Net sales for the fourth quarter increased by 10.1% to $1.02 billion.
Net income for the fourth quarter increased by 6.6% to $255.0 million.
Net income per diluted share for the fourth quarter increased by 9.7% to $0.47.
Monster Energy Drinks segment net sales increased by 11.7% to $953.2 million.
Monster Beverage Corporation has a robust plan for new product introductions in 2020, including launching Monster Energy brand energy drinks in Israel and further country launches and transitions planned for later this year.
Visualization of income flow from segment revenue to net income