Welcome to our dedicated page for Monster Beverage news (Ticker: MNST), a resource for investors and traders seeking the latest updates and insights on Monster Beverage stock.
Monster Beverage Corp (MNST) delivers innovative energy drinks and craft beverages through a globally distributed network. This news hub provides investors and industry observers with timely updates on corporate developments shaping the nonalcoholic and alcoholic beverage markets.
Track official announcements including quarterly earnings results, strategic partnerships, product innovations, and regulatory filings. Our curated feed ensures efficient access to MNST's operational milestones without promotional bias.
Key updates cover distribution network expansions, flavor portfolio enhancements, and sustainability initiatives. Bookmark this page for structured access to Monster Beverage's press releases and market-moving announcements.
Monster Beverage Corporation (NASDAQ: MNST) reported a 17.6% increase in fourth-quarter net sales, reaching $1.20 billion, and an 85.0% surge in net income to $471.7 million. The diluted earnings per share rose 87.5% to $0.88, driven by a non-recurring tax benefit of $165.1 million. Despite challenges from the COVID-19 pandemic, particularly in Europe, the company's sales outside the U.S. grew 20.4%. Gross profit margin decreased to 57.7% due to product returns and increased costs, while operating expenses fell to 24.1% of net sales.
Monster Beverage Corporation (NASDAQ: MNST) is set to announce its fourth quarter and full-year results for 2020 on February 25, 2021, after market close. Co-CEOs Rodney Sacks and Hilton Schlosberg will conduct a conference call at 2 p.m. Pacific Time to discuss the financial performance and operational strategies. The call will be accessible to investors via a live audio webcast. Recorded access will be available for approximately one year, ensuring all stakeholders can review the insights shared during the call.
Monster Beverage Corporation (NASDAQ:MNST) announces a leadership change with Hilton H. Schlosberg elected as Co-Chief Executive Officer alongside Rodney C. Sacks. Schlosberg, who has been with the company for over 30 years, will resign from his previous roles including President and Chief Financial Officer. Thomas J. Kelly has been appointed as Chief Financial Officer, succeeding Schlosberg. Sacks will continue as Chairman of the Board, strengthening the company's leadership continuity.
Monster Beverage Corporation (NASDAQ:MNST) announced a virtual investor meeting scheduled for January 14, 2021, at 4:30 p.m. Eastern Time. The meeting will feature Chairman and CEO Rodney Sacks, alongside Vice Chairman and President Hilton Schlosberg, who will discuss updates on the Company's business and operations. All interested parties can access the presentation via the Company's website and will have the option to view an archived version for a year post-event.
Monster Beverage Corporation reported a 16.3% increase in net income for Q3 2020, totaling $347.7 million, and a 19.6% rise in net income per diluted share to $0.65. Net sales jumped 9.9% to $1.25 billion, setting a record for the company.
Despite challenges posed by the COVID-19 pandemic, with a shift towards at-home consumption, international sales rose 17.0%. The company maintains a strong cash position of $1.07 billion and anticipates no material liquidity issues.
Monster Beverage Corporation (NASDAQ:MNST) announced the appointment of James L. Dinkins to its board, representing European Refreshments, a subsidiary of The Coca-Cola Company. Dinkins replaces Kathleen E. Ciaramello, who will step down effective November 1, 2020. Dinkins has a vast history with Coca-Cola, having held various high-level positions since 1988 and most recently serving as President of Coca-Cola North America until August 2020. This leadership change follows Coca-Cola's recent organizational restructuring.
Monster Beverage Corporation (NASDAQ:MNST) will release its Q3 financial results on November 5, 2020, after market close. The company will host a conference call at 2:00 p.m. Pacific Time on the same day, led by Rodney Sacks and Hilton Schlosberg, to discuss these results. Interested investors can access the call live via webcast on the company's website. A recording will also be available for approximately one year.
Monster Beverage Corporation (NASDAQ:MNST) will release its second-quarter financial results for the period ending June 30, 2020, on August 4, 2020, after market close. CEO Rodney Sacks and Vice Chairman Hilton Schlosberg will host an investor conference call at 2:00 p.m. Pacific Time to discuss the results and company operations. The call will be accessible via a live audio webcast on the company's website, with an archive available for one year.
Monster Beverage Corporation (NASDAQ: MNST) will host its Annual Meeting of Stockholders on June 3, 2020, via live webcast due to COVID-19 precautions. The meeting begins at 2:30 PM PT and can be accessed at www.virtualshareholdermeeting.com/MNST2020. Only shareholders of record as of April 13, 2020, can vote during the meeting using their control numbers. The event will also be archived for a year on the company’s website under the “Events & Presentations” section. Monster Beverage continues to operate primarily through its subsidiaries in developing and marketing energy drinks.
Monster Beverage Corporation (NASDAQ: MNST) reported a 12.3% increase in first-quarter net sales, reaching $1.06 billion compared to $946 million last year. Net income rose 6.6% to $278.8 million, with diluted earnings per share at $0.52, up 8.2%. The company remains focused on health and safety during the COVID-19 pandemic, reporting minimal impact on Q1 sales but noting adverse effects in April. In total, international sales surged 25.6% to $356.8 million, now constituting 33.6% of total net sales.
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