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Dec 31, 2021
Monster Beverage Q4 2021 Earnings Report
Reported record fourth quarter net sales and annual net sales exceeding $5.5 billion for the first time.
Key Takeaways
Monster Beverage Corporation reported record fourth quarter net sales of $1.43 billion, a 19.1% increase compared to the previous year. The company faced challenges including increased costs and supply chain disruptions but achieved solid results overall. Net income decreased due to a non-recurring tax benefit in the comparative 2020 quarter.
Record fourth quarter net sales increased 19.1 percent to $1.43 billion.
Net sales for Monster Energy Drinks segment increased 20.7 percent to $1.35 billion.
Net sales to customers outside the United States increased 32.0 percent to $508.1 million.
Company completed acquisition of CANarchy Craft Brewery Collective LLC on February 17, 2022.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company continues to implement 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
- Company currently has sufficient supplies of aluminum cans to meet demand.
- Company believes that some of the increased costs are likely to be transitory.
- Company is decreasing reliance on the use of imported aluminum cans.
- Company is increasing inventory levels in proximity to customers, thus reducing the excess costs of long-distance transportation and freight.
- Company continues to implement measures to mitigate the impact of increased costs.
Challenges Ahead
- Company continued to experience challenges meeting demand in the United States and EMEA in the fourth quarter.
- Company experienced a shortage in aluminum cans.
- Company experienced challenges in the availability of co-packing capacity and procurement difficulties in other inputs.
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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