Summary
Monster Beverage Corporation's 2017 10-K filing highlights robust net sales growth, driven primarily by its core Monster Energy® brand. The company demonstrated strong operational performance, with net sales reaching a record $3.37 billion, a 10.5% increase year-over-year, and net income growing by 15.2%. International expansion continues to be a key value driver, with international gross sales representing 28% of total gross sales, up from 25% in the prior year. The company also benefited from cost management initiatives and the integration of acquired assets, which contributed to stable gross profit margins despite increased operating expenses.
Financial Highlights
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Financial Statements
Beta
| Revenue | $3.37B |
| Cost of Revenue | $1.23B |
| Gross Profit | $2.14B |
| Operating Expenses | $938.90M |
| Operating Income | $1.20B |
| Net Income | $820.68M |
| Shares Outstanding (Basic) | 1.13B |
| Shares Outstanding (Diluted) | 1.15B |
Key Highlights
- 1Record Net Sales: Achieved $3.37 billion in net sales for 2017, representing a 10.5% increase from 2016, primarily driven by the Monster Energy® brand.
- 2Strong Profitability: Net income increased by 15.2% to $820.7 million, indicating effective cost management and operational efficiency.
- 3International Growth: International gross sales reached $1.09 billion, accounting for 28% of total gross sales, underscoring the strategic importance of global expansion.
- 4Strategic Brand Performance: The Strategic Brands segment contributed $299.8 million in net sales, showing a 10.0% increase.
- 5Product Innovation: Introduced several new products and flavors throughout 2017 across various brands, including Espresso Monster, NOS Nitro Mango, and Juice Monster Mango Loco, supporting continued market relevance.
- 6Shareholder Returns: Continued share repurchase program, with $249.9 million repurchased in 2017, demonstrating a commitment to returning value to shareholders.
- 7Operational Efficiency: Maintained a strong gross profit margin of 63.5%, reflecting effective cost of goods sold management and benefits from acquired flavor capabilities.