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Dec 31, 2020
Monster Beverage Q4 2020 Earnings Report
Reported record fourth quarter net sales with a significant increase in net income due to a non-recurring tax benefit.
Key Takeaways
Monster Beverage Corporation reported a strong fourth quarter with a 17.6% increase in net sales, reaching $1.20 billion. Net income increased by 85.0% to $471.7 million, which included a $165.1 million non-recurring tax benefit. The company's Monster Energy Drinks segment saw a 17.7% increase in net sales.
Net sales for the fourth quarter increased by 17.6% to $1.20 billion.
Net income for the fourth quarter increased by 85.0% to $471.7 million, including a $165.1 million non-recurring tax benefit.
Net sales for Monster Energy Drinks segment increased 17.7% to $1.12 billion.
Net sales to customers outside the United States increased 20.4% to $384.8 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company posted record fourth quarter net sales and profits, despite the continuing impact of the COVID-19 pandemic in most of our markets.
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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