Summary
Monster Beverage Corporation (Hansen Natural Corporation at the time) reported strong financial performance for the first quarter ended March 31, 2011. Net sales surged by 49.7% year-over-year to $356.4 million, driven primarily by a 97.4% increase in Monster Energy® brand sales. This robust top-line growth translated into a 69.0% increase in net income, which reached $55.0 million, or $0.59 per diluted share. The company demonstrated effective cost management, with operating expenses increasing at a slower pace than revenue, leading to a significant expansion in operating income margin from 21.3% to 24.8%.
Financial Highlights
46 data pointsBeta
Financial Statements
Beta
| Revenue | $356.42M |
| Cost of Revenue | $170.88M |
| Gross Profit | $185.54M |
| Operating Expenses | $97.08M |
| Operating Income | $88.45M |
| Net Income | $55.04M |
| EPS (Basic) | $0.05 |
| EPS (Diluted) | $0.05 |
| Shares Outstanding (Basic) | 1.07B |
| Shares Outstanding (Diluted) | 1.12B |
Key Highlights
- 1Net sales increased by 49.7% to $356.4 million, driven by strong demand for Monster Energy® products.
- 2Net income grew by 69.0% to $55.0 million, resulting in diluted EPS of $0.59.
- 3Operating income increased by 74.2%, with operating margin expanding to 24.8% from 21.3%.
- 4Gross profit increased by 49.0% to $185.5 million, with gross margin remaining stable at 52.1%.
- 5Case sales volume increased by 43.3%, indicating significant market penetration.
- 6The company repurchased $38.9 million of its common stock during the quarter under an authorized repurchase program.
- 7International sales showed strong growth, contributing 15.6% of net sales, up from 12.3% in the prior year period.