Monster Beverage Q4 2024 Earnings Report
Key Takeaways
Monster Beverage reported Q4 2024 revenue of $1.81 billion, up 4.7% YoY. GAAP EPS decreased to $0.28, while non-GAAP EPS remained at $0.38. Net income fell 26.2% to $270.7 million, while operating income declined 12.2% to $381.2 million. The Monster Energy Drinks segment continued to grow, while the Alcohol Brands segment saw a slight decline in sales.
Total revenue increased 4.7% YoY to $1.81 billion.
GAAP EPS dropped to $0.28, while non-GAAP EPS held at $0.38.
Net income fell 26.2% to $270.7 million.
Monster Energy Drinks segment grew by 4.5% to $1.67 billion.
Monster Beverage Revenue
Monster Beverage EPS
Monster Beverage Revenue by Segment
Monster Beverage Revenue by Geographic Location
Forward Guidance
Monster Beverage expects continued revenue growth in 2025, driven by product innovation and international expansion. However, the Alcohol Brands segment remains a challenge due to impairments and inventory reserves.
Positive Outlook
- Expected strong international sales growth in 2025.
- New product launches, including Monster Energy Ultra Vice Guava.
- Price increases of 5% on most products, excluding Reign and Bang.
- Continued leadership in global energy drink market share.
- Expansion into new distribution channels and international markets.
Challenges Ahead
- Alcohol Brands segment continues to struggle with declining sales.
- Foreign currency exchange rates remain a headwind.
- Rising input costs may pressure margins despite price increases.
- Higher marketing and selling expenses expected in 2025.
- Potential impact of regulatory changes in certain markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income