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Monster Beverage Corporation (NASDAQ: MNST), headquartered in Corona, California, is a leading player in the energy drink subsegment of the nonalcoholic beverage market. The company's extensive portfolio includes well-known brands such as Monster Energy, Monster Ultra, Java Monster, and Juice Monster. Additionally, Monster owns other energy drink brands like Reign, NOS, Burn, and Mother. Expanding its horizons, the company also ventured into the alcoholic beverage market with its acquisition of a craft brewer in 2022, producing and distributing beers and flavored malt beverages.
Monster Beverage operates under a unique business model where it focuses on branding and innovation while outsourcing the manufacturing and packaging of its products to third-party copackers. The distribution of finished goods is managed through a global partnership with The Coca-Cola Company, pursuant to a 20-year agreement inked in 2015. Coca-Cola is Monster's largest shareholder with a 19.5% stake.
Financially, Monster Beverage has shown robust performance. In the fourth quarter of 2023, the company reported a 14.4% increase in net sales to $1.73 billion compared to the same period the previous year. This growth was driven primarily by the Monster Energy® Drinks segment, which saw a 15.1% increase to $1.60 billion. Despite unfavorable foreign currency exchange rates impacting net sales by $27.1 million, the adjusted net sales showed a resilient increase of 16.1%.
The company's Strategic Brands segment, which includes various energy drink brands acquired from The Coca-Cola Company, as well as affordable energy brands Predator® and Fury®, experienced a slight decrease in net sales. However, on a foreign currency adjusted basis, the segment showed a 7.7% increase. In the Alcohol Brands segment, net sales surged by 30.6% to $35.2 million, driven by products like The Beast Unleashed®.
Monster's international presence is also growing, with net sales to customers outside the United States increasing by 17.4% to $637.0 million in the fourth quarter of 2023. The company continues to expand its reach, recently reporting an 11.8% increase in net sales for the first quarter of 2024, reaching $1.90 billion. This growth reflects the company's strategic initiatives and strong brand equity in the market.
Monster Beverage remains committed to innovation and social responsibility. The company's philanthropic arm, Monster Energy Cares, supports various community initiatives, including partnerships with organizations like the High Fives Foundation, which aids adaptive athletes and veterans.
For more information, visit www.monsterbevcorp.com.
Monster Beverage Corporation (NASDAQ: MNST) reported record fourth quarter net sales of $1.43 billion, a 19.1% increase from last year, and annual net sales of $5.54 billion, marking a 20.5% growth. Despite challenges from global supply chain disruptions, increased aluminum can costs, and ingredient shortages, the company achieved solid results. Net income for Q4 fell to $321.3 million, down 31.9%, while EPS decreased to $0.60. The acquisition of CANarchy Craft Brewery Collective expands its portfolio into alcohol beverages, enhancing growth opportunities.
Monster Beverage Corporation (NASDAQ: MNST) will report its fourth quarter and full-year results for 2021 on February 24, 2022, after market close. The Co-CEOs, Rodney Sacks and Hilton Schlosberg, will host a conference call at 2 p.m. Pacific Time the same day to discuss the company's financial performance and operational updates. Investors can access the call through a live audio webcast on the company's website, with an archive available for one year.
Monster Beverage Corporation has announced its agreement to acquire CANarchy Craft Brewery Collective for $330 million in cash. This strategic move aims to facilitate Monster's entry into the alcoholic beverage sector and expand its product offerings. The acquisition will include popular brands such as Cigar City, Oskar Blues, and Deep Ellum, while CANarchy will operate independently under its existing management. The deal is expected to close in the first quarter of 2022, pending regulatory approvals.
Monster Beverage Corporation (NASDAQ: MNST) will hold a virtual investor meeting on January 13, 2022, at 4:30 p.m. ET, conducted by Co-CEOs Rodney Sacks and Hilton Schlosberg. The meeting aims to update stakeholders on the Company's business and operations. Interested parties can access the presentation via the Monster Beverage website, with an archived version available for one year afterward.
Monster Beverage Corporation (NASDAQ: MNST) reported a record net sales increase of 13.2% to $1.41 billion in Q3 2021, up from $1.25 billion in Q3 2020. The COVID-19 pandemic continues to impact operations, particularly with aluminum can shortages and increased operational costs. Despite these challenges, net income fell only 3.0% to $337.2 million, with net income per diluted share decreasing to $0.63. The company reported cash of $1.71 billion and operating income of $444.5 million.
Monster Beverage Corporation (NASDAQ: MNST) is set to release its third quarter financial results on November 4, 2021, following market close. The company's Co-CEOs, Rodney Sacks and Hilton Schlosberg, will host a conference call at 2 p.m. Pacific Time to discuss the outcomes. Interested investors can join the live audio webcast via the company's website, with an archived version available for one year. Monster Beverage operates through subsidiaries that develop and market a diverse range of energy drinks.
Monster Beverage Corporation (NASDAQ: MNST) reported a record second quarter net sales increase of 33.6% to $1.46 billion and a 29.7% rise in net income to $403.8 million, leading to a net income per diluted share of $0.75. Sales growth was fueled by a 66.4% surge in international sales. Despite these achievements, the company faced challenges including aluminum can shortages and increased operational costs due to supply chain issues. Operating expenses rose to $310.9 million, but operating income still increased to $526 million.
Monster Beverage Corporation (NASDAQ: MNST) will announce its second quarter results on August 5, 2021, after market close. Co-CEOs Rodney Sacks and Hilton Schlosberg will host a conference call that same day at 2 p.m. Pacific Time to discuss these results and the company's operations. The call will be accessible via audio webcast on the company's website, where it will also be archived for one year. The company specializes in developing and marketing a variety of energy drinks.
Monster Beverage Corporation (NASDAQ:MNST) will host a live webcast of its Annual Meeting of Stockholders on June 15, 2021, at 2:30 PM PT. Only stockholders of record as of April 22, 2021, can vote during the meeting. They can access the live webcast at www.virtualshareholdermeeting.com/MNST2021. The meeting will be archived on the company's website for one year under the 'Events & Presentations' section.
Monster Beverage Corporation (NASDAQ: MNST) reported a record first quarter net sales of $1.24 billion, up 17.1% year-over-year, with net income rising 13.0% to $315.2 million. Earnings per diluted share increased 14.2% to $0.59. Despite challenges from the COVID-19 pandemic and aluminum can shortages, the company’s operations remain largely unaffected. International sales grew 28.8%, making up 37% of total sales. However, gross profit as a percentage of sales decreased to 57.5% due to rising input costs and higher promotional allowances.
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