Monster Beverage Corp

MNST

Equity

ISIN US61174X1090 / Valor 28524330

NASDAQ (2024-11-21)

USD 53.98+0.52%

Monster Beverage Corp
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About company

Monster Beverage Corp is a leading manufacturer and distributor of energy drinks and other beverages.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Net Sales Increase

Monster Beverage Corp's net sales for the 2024 second quarter increased by 2.5 percent to $1.90 billion, compared to $1.85 billion in the same period last year. Adjusted for adverse changes in foreign currency, net sales rose by 7.4 percent.

Segment Performance

The Monster Energy® Drinks segment saw a 3.3 percent increase in net sales, reaching $1.74 billion for the 2024 second quarter. The Strategic Brands segment experienced a 9.6 percent increase in net sales, totaling $109.2 million. However, the Alcohol Brands segment saw a significant decline of 31.9 percent in net sales, dropping to $41.6 million.

Gross Profit and Operating Expenses

Gross profit as a percentage of net sales for the 2024 second quarter was 53.6 percent, up from 52.5 percent in the 2023 second quarter. Operating expenses for the 2024 second quarter were $492.3 million, compared to $450.4 million in the same period last year.

Net Income and EPS

Net income for the 2024 second quarter increased by 2.8 percent to $425.4 million, from $413.9 million in the 2023 second quarter. Net income per diluted share for the 2024 second quarter rose by 5.0 percent to $0.41, up from $0.39 in the second quarter of 2023.

Six-Months Results

For the six-month period ending June 30, 2024, Monster Beverage Corp's net sales increased by 6.9 percent to $3.80 billion. Net income for this period rose by 6.9 percent to $867.4 million, with net income per diluted share increasing to $0.83 from $0.77 in the comparable period last year.

Summarized from source with an LLMView Source

Key figures

-1.50%1Y

-39.6%3Y

-7.57%5Y

Performance

23.8%1Y

47.8%3Y

41.3%5Y

Volatility