8-KRegulation FD

Monster Beverage Corp 8-K Report, Regulation FD Disclosure (Aug 7, 2009)

Filed August 7, 2009For Securities:MNST

Summary

Hansen Natural Corporation (now Monster Beverage Corp.) filed this 8-K on August 7, 2009, to provide a clarification regarding its previously disclosed July 2009 sales performance. The company corrected an inadvertent misstatement made during its August 6, 2009, earnings call concerning sales growth in the United States. This filing is important for investors as it provides more accurate and granular data on the company's performance in a key market. The primary correction clarifies that while total unaudited gross sales for July 2009 showed a global increase of approximately 13.6% year-over-year, the growth in the United States was actually 1.7%, not just under 7% as initially stated. The figure of just under 7% pertained to North America as a whole. This clarification is crucial for understanding the specific drivers of the company's top-line growth and assessing the health of its domestic business.

Key Highlights

  • 1Correction of previously stated July 2009 sales growth figures for the United States.
  • 2Unaudited, unadjusted gross sales for July 2009 increased approximately 13.6% year-over-year globally.
  • 3Monster brand gross sales (including Java Monster and Hitman) increased approximately 17.5% year-over-year globally, including the UK and Australia.
  • 4Initial statement regarding US July 2009 sales growth of 'just under 7%' was clarified.
  • 5The corrected US July 2009 gross sales growth was approximately 1.7% year-over-year.
  • 6The figure of 'just under 7%' actually represented the growth for North America, not solely the United States.

Frequently Asked Questions

The main purpose of this 8-K filing is to correct an inadvertent misstatement made by Hansen Natural Corporation during its August 6, 2009, earnings call regarding the company's July 2009 sales growth in the United States.

The corrected unaudited, unadjusted gross sales growth for the United States in July 2009 was approximately 1.7% compared to July 2008.

The figure of 'just under 7%' that was initially mentioned during the earnings call actually referred to the approximate sales growth for North America as a whole, not just the United States.

Yes, the filing noted that unaudited, unadjusted gross sales globally increased by approximately 13.6% in July 2009 over July 2008. Additionally, gross sales for the Monster brand itself, including Java Monster and Hitman, saw an increase of approximately 17.5% globally.