MNST · Monster Beverage

354 filings

MNST SEC Filings

Monster Beverage - 354 total filings

Filing record · 2016–202610-K1210-Q338-K97

Showing 1–50 of 354 filings

Monster Beverage Quarterly Report for Q3 Ended Sep 30, 2026

Monster Beverage Corporation reported strong financial performance for the nine months ended September 30, 2026, with net sales reaching $7.45 billion, an increase of 20.9% compared to the same period in the prior year. This growth was primarily driven by robust sales of its core Monster Energy® brand, particularly in international markets, which saw a 28.1% increase in net sales for the third quarter. The company's 'Monster Energy® Drinks' segment continues to be the main revenue driver, accounting for over 92% of net sales. Profitability also saw a significant improvement, with net income growing by 18.3% year-over-year to $1.72 billion for the nine-month period. The company's gross profit margin remained strong at 55.2%, despite some headwinds from increased aluminum can and freight-in costs, which were partially offset by strategic pricing actions. Operating expenses increased, partly due to investments in marketing and digital transformation, but operating income still grew by 16.6% to $2.19 billion for the nine months. The company also maintained a healthy cash position, with over $2.14 billion in cash and cash equivalents, demonstrating sound liquidity.

Nov 6, 2026 8-K

Monster Beverage 8-K Report, Financial Results (Nov 5, 2026)

Monster Beverage Corporation reported strong third-quarter 2026 financial results, with net sales increasing by 16.7% to $2.56 billion. This growth was driven by a significant surge in international sales, which climbed 28.1% to $1.20 billion, now representing 47% of total net sales. The company highlighted robust performance in its core Monster Energy® Drinks segment, which saw a 17.1% increase in net sales. Despite a slight decrease in gross profit margin due to increased costs for aluminum cans and freight, the company's operating income grew by 6.4% and net income per diluted share rose by 7.8% to $0.29. Strategic brand initiatives, including increased marketing investments across various platforms and new product launches, are contributing to this growth. The company also provided updates on its share repurchase program and a recent two-for-one stock split. While facing cost pressures and investing in digital transformation, Monster Beverage demonstrated continued momentum in expanding its global market share and product innovation.

Nov 5, 2026 8-K

Monster Beverage 8-K Report, Executive Changes (Sep 25, 2026)

Monster Beverage Corporation (MNST) has filed an 8-K report detailing a significant executive transition within its Americas operations. Effective November 30, 2026, Rob Gehring will be departing from his role as Chief Executive Officer, Americas (CEO Americas) to return to The Coca-Cola Company (TCCC) as president of its North America operating unit. Mr. Gehring's tenure with Monster Beverage will conclude on this date, and the company has expressed gratitude for his contributions. Following Mr. Gehring's departure, Emelie C. Tirre, currently the Chief Strategy Officer of MEC, will assume responsibility for the Americas and the Caribbean on an interim basis, starting December 1, 2026. Ms. Tirre brings a wealth of experience from her previous role as Chief Commercial Officer for the Americas, Caribbean, and Oceania, where she was instrumental in sales, development, and market expansion. Investors should monitor the company's strategic direction and leadership stability in the Americas region during this interim period.

Sep 25, 2026 8-K

Monster Beverage 8-K Report, Executive Changes (Sep 4, 2026)

Monster Beverage Corporation (MNST) has announced a key executive change, with Matthew S. Burroughs appointed as Chief Accounting Officer and Deputy Chief Financial Officer, effective September 3, 2026. This promotion recognizes Mr. Burroughs' nearly 20-year tenure with the company, during which he has held a variety of increasingly senior roles within its corporate finance department. His extensive experience spans critical areas such as Global Accounting, SEC Reporting, Treasury, and Investor Relations, indicating a deep understanding of the company's financial operations and reporting. This appointment suggests a focus on internal talent development and ensuring continuity in financial leadership. Investors can view this as a positive development, signaling stability and a well-understood succession plan for these crucial finance roles. Mr. Burroughs' long-standing commitment and proven track record within Monster Beverage are likely to be valuable as the company navigates its growth and financial reporting obligations.

Sep 4, 2026 10-Q

Monster Beverage Quarterly Report for Q2 Ended Jun 30, 2026

Monster Beverage Corporation (MNST) reported strong financial results for the quarter and six months ended June 30, 2026. Net sales saw a significant increase of 20.2% for the quarter and 23.3% for the six-month period, driven by robust demand for its Monster Energy® brand. The company demonstrated effective cost management, with gross profit increasing by 20.7% in the quarter and 22.0% in the six months, leading to a 19.6% rise in net income for the quarter and a 23.9% increase for the six-month period. Despite increased operating expenses, particularly in selling and marketing, Monster Beverage maintained healthy operating margins, reflecting the strength of its core business and strategic pricing actions. The company also reported substantial cash flow from operations, reinforcing its solid financial position and capacity for future investments and shareholder returns.

Aug 7, 2026 8-K

Monster Beverage 8-K Report, Financial Results (Aug 6, 2026)

Monster Beverage reported strong second-quarter 2026 results, with net sales up 20.2% to $2.54 billion and GAAP diluted EPS up 19.0% to $0.59. Growth was driven mainly by the core Monster Energy Drinks segment, which rose 21.6% to $2.36 billion, and by international markets, where sales outside the U.S. grew 34.6% to about 46% of total net sales. Currency was a tailwind: FX added roughly $48.5 million to Q2 net sales, so constant-currency growth was a still-solid 17.9%. Excluding FX, the Strategic Brands segment grew 8.1%, and the Alcohol Brands segment shrank 15.2%. Profitability was mixed. Gross margin edged up to 55.9% from 55.7%, helped by pricing and mix, but operating expenses rose 24.7% to $679.2 million, or 26.8% of sales versus 25.8% a year earlier. The increase reflects heavier social, digital, and media marketing and sponsorship spending, plus higher distribution costs (4.7% of sales versus 3.9%). Operating income still grew 17.2% to $740.4 million. Non-GAAP adjusted EPS of $0.60 rose 15.2%, a slower pace than net sales, which signals that management is reinvesting in growth. The company also repurchased no stock in Q2, leaving about $900 million under existing authorizations. A two-for-one stock split takes effect via a 100% stock dividend, with shares expected to trade split-adjusted starting August 11, 2026. The balance sheet remains strong, with cash and cash equivalents of $2.19 billion and short-term investments of $1.23 billion as of June 30, 2026. Accounts receivable rose about 18% since year-end, which is faster than sales growth and bears watching for collection timing. Investors should weigh the strong top-line and earnings momentum against rising marketing and distribution costs and the continued slow decline of the Alcohol Brands business. The scanner data in the exhibit is partly garbled in this filing copy, so market share conclusions should be checked against the original presentation.

Aug 6, 2026 8-K

Monster Beverage 8-K Report, Corporate Update (Jul 8, 2026)

Monster Beverage Corporation (NASDAQ: MNST) announced on July 8, 2026 that its Board of Directors has approved and declared a 2-for-1 stock split, to be effected as a 100% stock dividend. Stockholders of record on July 24, 2026 will receive one additional share for each share held, with the dividend distributed after the close of trading on August 10, 2026. The company anticipates the split-adjusted stock beginning to trade on August 11, 2026. The announcement is a capital-structure event rather than an operating or financial-performance disclosure. A stock split doubles the share count and proportionally halves the per-share price, leaving each holder's proportional ownership and total market value unchanged at the moment of the split. It does not, by itself, change revenue, earnings, cash flow, or the company's underlying valuation. Investors should therefore read it primarily as a signal of management and board confidence in the share price and as a potential driver of improved trading liquidity and retail accessibility. The filing contains no new financial results, guidance, or updates on the business. The accompanying press release restates the split terms and the company's standard forward-looking statement cautions, which cite risks including tariffs, aluminum and raw-material costs, reliance on The Coca-Cola Company, regulatory scrutiny of energy drinks, and litigation. Those risks remain the relevant drivers of MNST's fundamentals and should be weighed independently of the split.

Jul 8, 2026 8-K

Monster Beverage 8-K Report, Executive Changes (Jun 4, 2026)

Monster Beverage Corporation (MNST) announced on June 4, 2026, a significant leadership transition concerning director Mark J. Hall. Mr. Hall has provided notice of his resignation as a director, effective August 1, 2026, and as an employee of its subsidiary, Monster Energy US LLC, effective April 1, 2027. Investors should note that Mr. Hall's departure is stated to be unrelated to any disagreements with the Company, its management, or the Board, which generally signals a smooth transition. The Board of Directors will be reduced in size from ten to nine members following Mr. Hall's departure from the Board. This change is in accordance with the Company's amended by-laws. While the resignation is a notable event, the clear statement about the absence of disagreements should provide some comfort to shareholders regarding the stability of the company's governance and operations.

Jun 4, 2026 8-K

Monster Beverage 8-K Report, Shareholder Vote Results (May 15, 2026)

Monster Beverage Corporation (MNST) reported on its May 14, 2026 Annual Meeting of Stockholders and announced a new share repurchase authorization. The filing contains no financial results, guidance, or operating data. Stockholders re-elected all ten director nominees to serve until the 2027 annual meeting, ratified Ernst & Young LLP as the independent auditor for fiscal 2026, and approved the named executive officer compensation on a non-binding advisory basis. The most significant item for investors is the Board's authorization of a new repurchase program of up to an additional $500.0 million of common stock. As of May 14, 2026, about $400.0 million remained under the prior program, so total repurchase capacity is roughly $900.0 million. Repurchases may be made in the open market, through privately negotiated or block transactions, or otherwise, and may be suspended or discontinued at any time. Governance support was strong overall. Say-on-pay passed with about 95% of votes cast in favor (excluding broker non-votes). Director support was lower for Mark S. Vidergauz, who received about 88% of votes cast, and for Jeanne P. Jackson, at about 92%. Investors may want to review the definitive proxy statement filed March 27, 2026 for context on these votes.

May 15, 2026 10-Q

Monster Beverage Quarterly Report for Q1 Ended Mar 31, 2026

Monster Beverage Corporation (MNST) reported a strong first quarter for 2026, demonstrating robust top-line growth and improved profitability. Net sales surged by 26.9% year-over-year to $2.35 billion, driven by broad-based strength in its core Monster Energy® Drinks segment and continued international expansion. Diluted Earnings Per Share (EPS) increased to $0.58, up from $0.45 in the prior year's comparable period, reflecting the significant sales growth and effective cost management. The company's gross profit margin saw a slight decrease to 55.0% from 56.5%, attributed to higher aluminum can and freight-in costs, partially offset by strategic pricing actions implemented in late 2025. Despite these cost pressures, operating expenses as a percentage of net sales decreased, leading to an expansion in operating income margin to 31.0% from 30.7% year-over-year. The balance sheet remains strong, with substantial cash and cash equivalents, underscoring the company's financial flexibility.

May 8, 2026 8-K

Monster Beverage 8-K Report, Financial Results (May 7, 2026)

Monster Beverage (MNST) reported a strong first quarter 2026 (quarter ended March 31, 2026). Net sales rose 26.9% year over year to $2.35 billion, a first-quarter record that crossed $2.0 billion for the first time in the company's history. Excluding a 4-point foreign currency tailwind of $89.3 million, net sales grew 22.1% on an FX-neutral basis. Operating income increased 28.1% to $730.0 million, and diluted EPS rose 27.6% to $0.58. Non-GAAP adjusted operating income grew 24.1% to $733.5 million, and adjusted EPS grew 23.7% to $0.58. International sales were a major driver, up 44.9% to $1.06 billion and about 45% of total net sales, the highest share of any quarter in company history. Margins were mixed. Gross margin compressed about 150 basis points to 55.0% (55.3% adjusted, excluding alcohol), reflecting geographic sales mix, higher aluminum can costs, and higher freight-in costs tied to out-of-orbit production driven by strong demand, partly offset by pricing. Operating expense leverage was favorable: operating expenses fell to 23.9% of sales from 25.8%, with selling and G&A both declining as a percentage of sales. The Monster Energy Drinks segment grew 27.6% to $2.19 billion, while Strategic Brands (Coca-Cola-acquired brands, Predator, and Fury) rose 28.9% to $126.7 million. Alcohol Brands declined 5.9%. Energy drink case sales rose roughly 29% to 274.5 million 192-ounce equivalents, while average net sales per case slipped to $8.44 from $8.51. Capital allocation remained active: the company repurchased about 1.4 million shares for roughly $100.0 million at an average price of $73.86, leaving about $400.0 million under the existing authorization. Cash and short-term investments totaled about $2.98 billion, and total investments (current and noncurrent) grew materially. Accounts receivable rose sharply to $1.88 billion, which is worth monitoring alongside the strong top-line growth. The accompanying scanner data (NielsenIQ, primarily U.S. measured channels through late April 2026) showed U.S. Monster dollar sales down 18.7% year over year in the 13 weeks reported, a meaningful divergence from reported growth that investors should examine on the earnings call. Reported results are not audited, and the full financials will be filed in the Form 10-Q.

May 7, 2026 10-K

Monster Beverage Annual Report, Year Ended Dec 31, 2025

Monster Beverage (MNST) reported a strong fiscal 2025, with record net sales of $8.29 billion, up 10.7% year over year (about 12% on a foreign-currency-adjusted basis for gross billings). Growth was driven by the Monster Energy® Drinks segment, which accounted for 92.4% of net sales and grew 11.7%, while energy drink case volume rose 13.3% to roughly 959 million 192-ounce cases. Gross margin expanded to 55.8% from 54.0%, helped by Pricing Actions and supply chain optimization, and operating income rose 25.3% to $2.42 billion (29.2% of sales). Net income grew 26.3% to $1.91 billion, and diluted EPS reached $1.94 versus $1.49 in 2024. Management reported that its internal control over financial reporting was effective, and Ernst & Young issued an unqualified opinion. The balance sheet strengthened considerably. Cash and cash equivalents were $2.09 billion, with an additional $677 million in short-term investments and $487 million in long-term investments, and the company carries no long-term debt after repaying its $375 million term loan in April 2025. Operating cash flow was $2.10 billion. The company repurchased only about $104 million of stock during 2025, mostly shares withheld from employees, and had no open-market buybacks in the year. It still has $500 million authorized under its August 2024 program, and it does not pay dividends. Key risks remain concentrated. The Coca-Cola Company (TCCC) owns about 20.9% of the stock and is the primary distribution partner, and Coca-Cola Europacific Partners and Coca-Cola Consolidated together account for roughly a quarter of net sales. The filing flags growing regulatory pressure on energy drinks, including age restrictions, excise taxes, caffeine limits, and U.S. food-ingredient scrutiny, along with tariff exposure and reliance on third-party co-packers. Alcohol Brands declined 21.8% and posted an operating loss of $127 million, including $53.7 million in impairments, making it the main drag on the portfolio.

Feb 27, 2026 8-K

Monster Beverage 8-K Report, Financial Results (Feb 26, 2026)

Monster Beverage (MNST) reported strong fourth-quarter and full-year 2025 results on February 26, 2026. Q4 net sales rose 17.6% to $2.13 billion, the first fiscal fourth quarter above $2.0 billion in company history. GAAP operating income climbed 42.3% to $542.6 million and GAAP diluted EPS rose 64.9% to $0.46. Growth was broad-based: the Monster Energy Drinks segment grew 18.9%, and sales outside the United States rose 26.9% to about 42% of total net sales, with EMEA up 32.6% in dollars. Much of the GAAP profit gain was flattered by lower Alcohol Brands impairment charges ($51.2 million in Q4 2025 versus $130.7 million a year earlier). On a non-GAAP basis, operating income rose 16.0% and diluted EPS rose 30.4% to $0.51, which is the more relevant measure of underlying momentum. For the full year, net sales grew 10.7% to $8.29 billion, gross margin expanded to 55.8% from 54.0%, and diluted EPS reached $1.94 on a GAAP basis ($2.06 non-GAAP). The balance sheet strengthened considerably: cash and equivalents reached $2.09 billion, short-term and long-term investments totaled about $1.16 billion, and long-term debt was eliminated, down from $374 million a year earlier. The company did not repurchase any shares in Q4 and retains about $500 million of authorization. Management also announced regional leadership changes effective February 25, 2026, elevating Rob Gehring to CEO, Americas, and Guy Carling to CEO, EMEA & OSP. This 8-K furnishes the earnings press release and a scanner-data investor presentation under Items 2.02 and 7.01, and is not deemed 'filed' for Section 18 purposes. The release excludes full financial statements and footnotes, which will appear in the Form 10-K. Investors should note the reliance on Coca-Cola-related brands and the ongoing regulatory, tariff, and aluminum cost risks flagged in the forward-looking statements.

Feb 26, 2026 8-K

Monster Beverage 8-K Report, Regulation FD Disclosure (Dec 2, 2025)

Monster Beverage (MNST) filed an 8-K on December 2, 2025 under Regulation FD (Item 7.01) to announce two investor events: a management-hosted investor meeting on December 2, 2025 with a live webcast at about 4:45 p.m. ET, and a fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 3, 2025 at about 12:45 p.m. ET. The filing contains no new financial results, guidance changes, or material agreements. The information is furnished, not filed, so it carries no Section 18 liability unless specifically incorporated by reference. The accompanying slide deck (Exhibit 99.1) is the substantive content. Management presents a generally strong picture: Monster is distributed in 138 countries and territories, and its energy drinks are sold in 158 countries and territories overall. In the U.S., the Monster brand's 13-week dollar sales rose 12.4% year over year, with total energy category dollar sales up 10.7%. Monster holds 34.7% U.S. dollar share in MEC (Monster Energy Company, the company's brand group) and 36.3% in Canada. Management cites innovation as a key growth driver. In the U.S., innovation contributed a $1.9 billion gain in the latest Q3 2025 data, and the company points to a strong 2026 pipeline including Ultra, Juice, and Zero Sugar launches. Europe, Middle East, Africa and Oceania (EMEA & OSP) shows energy category sales up 14.4% in the most recent period, with Monster sales up 22.7%. The deck also highlights several areas investors will want to watch. Management acknowledges risks including the current U.S. administration's policies on sugar, food dyes and GRAS, proposed restrictions on energy drink sales to minors and through SNAP, tariffs, and dependence on The Coca-Cola Company relationship. The Alcohol Brands segment's path to profitability is also flagged as a forward-looking risk. The materials give no quantitative guidance, so the 8-K's value for investors lies mainly in the event schedule and the operating color it provides ahead of the meetings.

Dec 2, 2025 10-Q

Monster Beverage Quarterly Report for Q3 Ended Sep 30, 2025

Monster Beverage Corporation reported strong performance for the nine months ended September 30, 2025, with net sales reaching $6.16 billion, an increase of 8.5% over the prior year period. This growth was primarily driven by the core Monster Energy® Drinks segment, which saw a 9.3% increase in net sales. The company also demonstrated significant improvements in profitability, with gross profit rising 13.2% and operating income increasing by 21.2% year-over-year. This improved profitability was supported by strategic pricing actions, supply chain optimization, and a favorable shift in product mix. The company ended the period with a robust cash position of $2.29 billion, indicating strong financial health and flexibility. Operationally, the company continued its international expansion, with sales outside the U.S. growing by 12.6% year-over-year. While the Alcohol Brands segment experienced a sales decline, the core energy drink business continues to show resilience and strong consumer demand. The company's strategic focus on innovation and market development remains a key driver for future growth.

Nov 7, 2025 8-K

Monster Beverage 8-K Report, Financial Results (Nov 6, 2025)

Monster Beverage (MNST) reported record third-quarter 2025 results, with net sales up 16.8% to $2.20 billion (15.1% on a foreign-currency-adjusted basis), operating income up 40.7% to $675.4 million, and diluted EPS up 41.1% to $0.53. Gross margin expanded to 55.7% from 53.2%, driven by pricing actions, supply chain optimization and sales mix, partly offset by higher promotional allowances and aluminum can costs. International sales grew 23.3% to $937.1 million, now about 43% of total net sales, the highest share the company has reported for a single quarter. Adjusted (non-GAAP) diluted EPS was $0.56, up 36.2%. Nine-month net sales rose 8.5% to $6.16 billion and diluted EPS rose 22.4% to $1.48. The Monster Energy Drinks segment, which carries most of the business, grew 17.7% to $2.03 billion, while Strategic Brands (ex-Coca-Cola brands, Predator and Fury) grew 15.9% to $130.5 million. The Alcohol Brands segment declined 17.0% to $33.0 million. Management highlighted Monster Energy Ultra and the planned 2026 launch of FLRT, a female-focused brand. Scanner data in Exhibit 99.2 shows U.S. total non-alcoholic energy sales up 9.1% in the period, with Monster's U.S. dollar sales down 7.0% and its convenience and gas share slipping, while international markets such as Asia Pacific and EMEA showed strong Monster momentum. The company repurchased no shares in the quarter and had roughly $500.0 million remaining under its authorization as of November 5, 2025. Cash and short-term investments rose to about $2.58 billion, and long-term debt was zero at quarter-end versus $374 million at year-end 2024. The filing is furnished rather than filed, and the press release excludes certain financial statements that will appear in the Form 10-Q.

Nov 6, 2025 10-Q

Monster Beverage Quarterly Report for Q2 Ended Jun 30, 2025

Monster Beverage Corporation (MNST) reported strong financial results for the second quarter of 2025, with net sales increasing by 11.1% year-over-year to $2.11 billion. This growth was primarily driven by robust demand for its core Monster Energy® brand energy drinks, both domestically and internationally. The company also demonstrated significant improvement in profitability, with gross profit increasing by 15.4% and operating income rising by 19.8% due to strategic pricing actions, supply chain efficiencies, and favorable input costs. Despite a slight decrease in the Alcohol Brands segment, the overall performance highlights the continued strength and expanding global reach of the Monster Energy® portfolio. The company maintained a healthy cash position and ample liquidity, ending the quarter with $1.93 billion in cash and cash equivalents. Management expressed confidence in the company's ability to meet its working capital needs and fund future growth initiatives through operating cash flows and available credit facilities.

Aug 8, 2025 8-K

Monster Beverage 8-K Report, Financial Results (Aug 7, 2025)

Monster Beverage (MNST) reported record second-quarter 2025 results, with net sales surpassing $2.0 billion for the first time in company history. Net sales rose 11.1% year over year to $2.11 billion (11.4% on a foreign-currency-adjusted basis), led by the Monster Energy® Drinks segment (+11.2% to $1.94 billion), while the Strategic Brands segment grew 18.9% to $129.9 million. Gross margin expanded roughly 210 basis points to 55.7%, driven by pricing, supply chain optimization and lower input costs. Operating income grew 19.8% to $631.6 million, and diluted EPS rose 21.1% to $0.50 (about $0.52 on a non-GAAP adjusted basis, excluding litigation provisions and a one-time stock-based compensation charge tied to a new retirement clause). The quality of the beat is mixed. General and administrative expenses rose sharply to 12.6% of sales from 11.2%, including $13.8 million of litigation provisions and $7.9 million of accelerated stock-based compensation, though management's adjusted operating expense ratio improved. International sales grew 15.8% to 41% of total revenue, a sign of geographic diversification. Balance sheet strength is notable: cash and short-term investments reached roughly $2.07 billion, long-term debt was fully repaid (from $374 million at year-end 2024), and stockholders' equity rose to $7.19 billion. No shares were repurchased in the quarter, leaving about $500 million under the existing authorization. The accompanying investor presentation with NielsenIQ scanner data shows continued U.S. energy category momentum, with Monster's U.S. dollar sales up 11.0% and Monster's U.S. convenience and gas share gaining 0.2 points, while Reign declined 8.9%. Investors should weigh the strong top-line and margin performance against rising G&A costs, the Reign and Bang softness in key markets, and the company's reliance on The Coca-Cola Company relationship and evolving regulatory risks around energy drinks and sugar-sweetened beverages.

Aug 7, 2025 8-K

Monster Beverage 8-K Report, Shareholder Vote Results (Jun 16, 2025)

Monster Beverage Corp (MNST) filed an 8-K on June 15, 2025, detailing the outcomes of its Annual Meeting of Stockholders held on June 12, 2025. The primary focus of the filing is the voting results on key corporate governance and shareholder-approved matters. Investors will find reassurance in the overwhelming support for the re-election of all ten directors, including key leadership figures like Rodney C. Sacks and Hilton H. Schlosberg, indicating strong confidence in the current board's direction and oversight. Additionally, the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2025 was overwhelmingly ratified. The filing also reports on the advisory vote to approve the compensation of named executive officers, which received a significant majority of shareholder support. While not binding, this outcome suggests general shareholder satisfaction with executive compensation practices. Overall, the 8-K signals a stable governance environment and continued shareholder trust in the management and oversight of Monster Beverage Corp.

Jun 16, 2025 10-Q

Monster Beverage Quarterly Report for Q1 Ended Mar 31, 2025

Monster Beverage Corporation reported a slight increase in net income for the first quarter of 2025, reaching $443.0 million ($0.45 per diluted share), compared to $442.0 million ($0.42 per diluted share) in the prior year period. Despite this overall income stability, net sales saw a modest decrease of 2.3% to $1.85 billion. This decline was primarily attributed to unfavorable foreign currency exchange rates, which negatively impacted sales by approximately $57.3 million, and a slowdown in the Alcohol Brands segment. However, excluding these factors, net sales on a foreign currency adjusted basis saw a slight increase of 0.7%, indicating underlying resilience in the core business. The company experienced an improvement in gross profit margin, which rose to 56.5% from 54.1% in the prior year, driven by strategic pricing actions and supply chain optimizations. Operating income also saw a healthy increase of 5.1% to $569.7 million, benefiting from the improved gross margins. The company maintains a strong liquidity position with $1.90 billion in cash and cash equivalents, and has access to a $1.50 billion credit facility, underscoring its financial stability.

May 9, 2025 8-K

Monster Beverage 8-K Report, Financial Results (May 8, 2025)

Monster Beverage (MNST) reported first-quarter 2025 results on May 8, 2025, with reported net sales down 2.3% to $1.85 billion, but the headline story was margin and profit improvement. Gross profit as a percentage of net sales rose to 56.5% from 54.1%, driven by pricing actions and supply chain optimization, and operating income grew 5.1% to $569.7 million. Net income per diluted share rose 7.4% to $0.45, or 10.2% to $0.47 excluding the Alcohol Brands segment (non-GAAP). Net income was essentially flat at $443.0 million, so the per-share gain reflects a lower share count following prior buybacks. Top-line performance was weaker than the reported figure suggests. Management cited bottler/distributor ordering patterns in the U.S. and EMEA, unfavorable FX, adverse weather, one fewer selling day, and the Alcohol Brands decline (down 38.1% to $34.7 million). Excluding Alcohol Brands and adjusting for currency, net sales rose 1.9%. The core Monster Energy Drinks segment was roughly flat on a reported basis (down 0.8% to $1.72 billion) but grew 2.2% on a constant-currency basis, and the Strategic Brands segment fell 9.3%. Management said retail consumption (per Nielsen) accelerated and April sales were robust, with year-to-date gross billings (ex-Alcohol, FX-adjusted) up 6.9% through April 30. Balance-sheet and capital-allocation items were notable. Cash rose to $1.90 billion, and the company repaid $175 million in Q1 and another $200 million in April, fully satisfying its term loan, while the revolver remains undrawn. No shares were repurchased in Q1, and about $500 million remains under the existing authorization. Investors should weigh the strong margin and EPS story against soft reported sales, the continued drag from the Alcohol Brands segment, and FX headwinds. This 8-K furnishes the earnings press release only; the full financial statements will come in the Form 10-Q.

May 8, 2025 8-K

Monster Beverage 8-K Report, Executive Changes (Apr 17, 2025)

Monster Beverage Corporation (MNST) has filed an 8-K report on April 16, 2025, disclosing a significant change in its Board of Directors. Gary P. Fayard, a current director, has notified the Board of his intention not to seek reelection at the upcoming 2025 Annual Meeting of Stockholders. Mr. Fayard's decision is stated to be amicable, with no disagreements cited regarding the Company, its management, or the Board. He will continue to serve in his directorial capacity until the 2025 Annual Meeting, ensuring a smooth transition.

Apr 17, 2025 8-K

Monster Beverage 8-K Report, Executive Changes (Mar 10, 2025)

Monster Beverage Corporation (MNST) announced a significant leadership transition effective June 13, 2025. Rodney C. Sacks, the current Co-Chief Executive Officer and Chairman of the Board, will transition to the role of sole Chief Executive Officer, overseeing the company's strategic direction in marketing, innovation, and litigation until his retirement as an employee on December 31, 2026. This change follows Mr. Sacks' notification of his anticipated retirement and is part of a "Dutch auction" tender offer framework established in 2024. While stepping down as Co-CEO, Mr. Sacks will remain Chairman of the Board and take on a strategic advisory role, ensuring continuity and leveraging his extensive experience during this transition period. The company is emphasizing a smooth handover to ensure continued operational excellence and strategic focus.

Mar 10, 2025 10-K

Monster Beverage Annual Report, Year Ended Dec 31, 2024

Monster Beverage (MNST) delivered record 2024 net sales of $7.49 billion, up 4.9% reported and 8.4% on a foreign-currency-adjusted basis, driven by higher worldwide Monster Energy volumes and the November 2024 price increases. Energy drink case sales rose 10.1% to 846.7 million cases, though average net sales per energy drink case fell 4.4% to $8.62 on higher promotional allowances and a shift in geographic and product mix. Gross margin improved to 54.0% from 53.1%, but operating income declined 1.2% to $1.93 billion, and net income fell 7.5% to $1.51 billion (diluted EPS $1.49 vs. $1.54). The decline was driven primarily by $138.8 million of Alcohol Brands impairment charges, which includes $86.3 million of goodwill (the Alcohol Brands goodwill is now fully written off) and $40.8 million of indefinite-lived trademarks, plus $8.2 million of property impairments. Excluding these charges, the core energy business grew profitably: the Monster Energy Drinks segment's operating income rose 5.3% to $2.46 billion. Capital allocation was the dominant theme in 2024. Monster returned roughly $3.8 billion to shareholders through treasury stock purchases, including a $3.0 billion modified Dutch auction tender offer completed in June at $53.00 per share, funded with $2.25 billion of cash and $750 million of borrowings under a new $1.5 billion credit facility. Cash and cash equivalents fell to $1.53 billion from $2.30 billion, and working capital declined to $2.54 billion from $4.43 billion. Operating cash flow was strong at $1.93 billion, and management expects capital expenditures below $500 million through 2025. Roughly $500 million remained authorized under the August 2024 repurchase plan as of February 2025. Investors should weigh continued dependence on TCCC, which owns about 21% of the stock and is the primary distribution partner, along with the growing international share of sales (about 40%) and ongoing regulatory pressure on energy drinks and caffeine.

Feb 28, 2025 8-K

Monster Beverage 8-K Report, Financial Results (Feb 27, 2025)

Monster Beverage's (MNST) fourth-quarter and full-year 2024 results, furnished under Item 2.02 on February 27, 2025, show top-line momentum with margin pressure from one-time charges. Q4 net sales rose 4.7% to $1.81 billion (7.8% on a foreign-currency-adjusted basis), and adjusted gross margin improved to 55.5% from 54.5%, helped by lower input costs and a roughly 5% U.S. price increase effective November 1, 2024. Full-year net sales grew 4.9% to $7.49 billion (8.4% currency-adjusted). Reported GAAP results were weaker: Q4 diluted EPS was $0.28 versus $0.35 a year earlier, and full-year diluted EPS was $1.49 versus $1.54, driven mainly by $130.7 million of Q4 impairment charges in the Alcohol Brands segment and higher G&A. On an adjusted basis, which excludes impairments, inventory reserves and Hansen litigation costs, Q4 diluted EPS was flat at $0.38 and full-year adjusted EPS rose to $1.62 from $1.56. Adjusted operating income grew 7.9% in Q4 to $517.9 million. The effective tax rate rose to 29.9% in Q4 (28.1% adjusted), which weighed on GAAP net income, down 26.2% in the quarter. Management highlighted energy category growth, including a U.S. convenience-channel resurgence, and an innovation pipeline, while noting that foreign exchange was a sizable headwind. Investors should weigh the headline stability of the core Monster Energy business against the write-downs and the continued weakness in Alcohol Brands, where management said it is exploring international distribution options. The company repurchased no shares in Q4 and had about $500 million left under its authorization. The press release excludes full financial statements, which will be filed later in the Form 10-K; the figures here are unaudited.

Feb 27, 2025 8-K

Monster Beverage 8-K Report, Regulation FD Disclosure (Jan 21, 2025)

Monster Beverage Corporation (MNST) filed an 8-K on January 21, 2025 under Item 7.01 (Regulation FD Disclosure) to announce a 4:45 p.m. ET investor meeting led by Co-CEOs Rodney Sacks and Hilton Schlosberg and senior management. The filing itself contains no new financial results, guidance, or material transactions; its investor significance lies in the accompanying Exhibit 99.1 slide deck, which is furnished rather than filed and therefore does not carry the liability of a filed document. The presentation makes the case for continued growth across regions. It cites Monster's distribution in 159 countries and territories, U.S. Nielsen data showing TNA Energy dollar sales up 6.0% year-over-year in the latest 13 weeks with Monster brand dollar sales up 3.2% and the Ultra Vice Guava launch contributing share gains, and LATAM and EMEA growth in which Monster's energy value share is strong. It also reports that the company repurchased about 72.2 million shares for nine months ended September 30, 2024 at an average price of $52.70, and that nine-month 2024 net sales were $5.7 billion, up 5.0%, with diluted EPS of $1.21. The deck also highlights the 2025 brand strategy, the Monster Brewing Company reorganization (including two facility closures and reduced headcount), and affordable energy growth through Predator and Fury. The filing's forward-looking statements flag several risks relevant to investors, including substantial dependence on The Coca-Cola Company, integration of the Bang Energy acquisition, execution in the Alcohol Brands segment, litigation, and commodity and freight cost pressures. Investors should weigh the deck's optimistic market-share narrative against these risks and should consult the company's 10-K and subsequent 10-Q filings for audited figures and complete context.

Jan 21, 2025 10-Q

Monster Beverage Quarterly Report for Q3 Ended Sep 30, 2024

Monster Beverage Corp. (MNST) reported its financial results for the quarter ending September 29, 2024. The company generated net sales of $1.88 billion, a slight increase of 1.3% year-over-year. However, net income saw a significant decrease of 18.1% to $370.9 million, primarily impacted by higher operating expenses and a substantial decrease in interest and other income. For the nine-month period, net sales increased by 5.0% to $5.68 billion, while net income decreased by 2.0% to $1.24 billion. The company executed a significant $3.0 billion share repurchase program during the quarter, funded by both cash and borrowings, which led to a substantial decrease in cash and cash equivalents and a significant increase in treasury stock. Despite the increase in operating expenses and a decline in net income for the quarter, the company demonstrated resilience in its core Monster Energy® Drinks segment and saw positive growth in its Strategic Brands segment.

Nov 8, 2024 8-K

Monster Beverage 8-K Report, Financial Results (Nov 7, 2024)

Monster Beverage's third-quarter 2024 results (reported November 7, 2024) show modest top-line growth but weaker profitability on a GAAP basis. Net sales rose 1.3% to $1.88 billion, and rose 5.0% excluding the Alcohol Brands segment and adjusting for adverse foreign currency. Foreign exchange was a $62.8 million headwind, driven largely by Argentina ($26.5 million). GAAP net income fell 18.1% to $370.9 million and GAAP diluted EPS fell 11.7% to $0.38 from $0.43. Operating income declined to $479.9 million from $510.5 million, with operating expenses rising to 27.6% of sales from 25.5%, largely due to a $16.7 million Hansen IP-related provision and $10.6 million in Alcohol Brands inventory reserves. Excluding these items, adjusted diluted EPS was $0.40 versus $0.41 a year earlier, and gross margin improved to 53.7% on an adjusted basis. The quarter's commentary highlights a challenging U.S. energy drink backdrop, with slower category growth in measured channels and early signs of improvement in convenience during October. International sales grew 3.6% reported and 12.1% on a foreign-currency-adjusted basis, while the Strategic Brands segment (Predator and Fury, plus former Coca-Cola brands) grew 14.0% reported. Management also announced an approximately 5.0% U.S. price increase on most brands effective November 1, 2024, excluding Bang, Reign and Reign Storm. Capital allocation remained active: the company repurchased about 11.3 million shares for $534.7 million in the quarter, with roughly $500.0 million left under the authorization. Balance sheet cash fell to $1.63 billion from $2.30 billion at year-end 2023, and the company now carries $748.8 million of long-term debt, which was not present at December 31, 2023. Governance items in the filing include the election of William "Bill" W. Douglas III as a director effective January 1, 2025, and the adoption of Fourth Amended and Restated By-laws that introduce a majority voting standard for uncontested director elections while retaining plurality voting for contested elections.

Nov 7, 2024 8-K

Monster Beverage 8-K Report, Corporate Update (Aug 19, 2024)

On August 19, 2024, Monster Beverage Corporation (NASDAQ: MNST) disclosed that its Board of Directors authorized a new share repurchase program of up to $500.0 million of the company's outstanding common stock. The announcement noted that no amount remained under the previously authorized repurchase program as of that date, so the new authorization effectively replenishes buyback capacity rather than adding to an existing unused balance. This is a capital return signal from management and the board, indicating confidence in the company's cash generation and its view that the shares represent an attractive use of capital. The program allows repurchases from time to time through open-market purchases, privately negotiated transactions, block purchases, or other broker-dealer-managed transactions, subject to applicable laws and approvals. The filing does not specify a time horizon, a minimum purchase commitment, or a funding source, and it expressly states that timing will depend on market conditions and that the program may be suspended or discontinued at any time. Investors should therefore treat the $500.0 million figure as a ceiling rather than a committed amount. The filing is a brief disclosure under Item 8.01 (Other Events) with an accompanying press release (Exhibit 99.1). It contains no new financial results, guidance changes, or operational updates. The forward-looking statements caveat specifically references the company's ability to implement the repurchase programs, and directs readers to the 2023 Form 10-K and subsequent quarterly reports for risk factors.

Aug 19, 2024 10-Q

Monster Beverage Quarterly Report for Q2 Ended Jun 30, 2024

Monster Beverage Corporation reported strong financial results for the second quarter and first half of fiscal year 2024. Net sales increased by 2.5% to $1.90 billion for the quarter and 6.9% to $3.80 billion for the first half, driven by increased volume and pricing actions, despite unfavorable foreign currency impacts. The core Monster Energy® Drinks segment continues to be the primary revenue driver, showing robust growth. Gross profit margins improved year-over-year to 53.6% for the quarter and 53.9% for the first half, benefiting from lower input costs and strategic pricing. Net income also saw a healthy increase, rising 2.8% to $425.4 million for the quarter and 6.9% to $867.4 million for the first half. A significant event during the quarter was the completion of a $3.0 billion "Dutch auction" tender offer, funded by a combination of cash and new borrowings, which substantially reduced the number of outstanding shares. The company also established a new $1.5 billion credit facility. While operating expenses increased due to higher selling and marketing costs, the company's core operations remain profitable, and management expects sufficient liquidity for its working capital needs and strategic initiatives.

Aug 8, 2024 8-K

Monster Beverage 8-K Report, Financial Results (Aug 7, 2024)

Monster Beverage (MNST) reported Q2 2024 results on August 7, 2024 showing record second-quarter net sales of $1.90 billion, up 2.5% reported (6.1% on a foreign-currency-adjusted basis), with diluted EPS of $0.41, up 5.0%. Growth was led by the Monster Energy Drinks segment (+3.3% reported, +6.5% FX-adjusted) and the Strategic Brands segment (+9.6% reported, +23.6% FX-adjusted), partly offset by a 31.9% decline in the Alcohol Brands segment. Gross margin expanded 110 basis points to 53.6%, helped by lower freight-in and aluminum can costs and pricing actions, but operating income was roughly flat at $527.2 million as operating expenses rose 9.3% to $492.3 million, mainly on higher selling and G&A spending. Management flagged softer U.S. energy category growth, weaker convenience store traffic, and a shift toward mass and dollar channels, while noting an approximately 5% U.S. price increase effective November 1, 2024. Capital allocation was the dominant balance sheet event. The company completed a $3.0 billion modified Dutch auction tender offer at $53.00 per share, repurchasing about 56.6 million shares, and repurchased an additional roughly 2.2 million shares in the quarter and about 3.9 million shares after quarter-end. Cash and short-term investments fell substantially, long-term debt of about $749 million was recorded, and stockholders' equity declined to $5.87 billion from $8.23 billion at year-end 2023. Approximately $342.4 million remained under the existing repurchase authorization as of August 6, 2024. Investors should weigh solid underlying top-line momentum and margin progress against the softer U.S. demand signals, rising operating costs, and the reduced cash and equity base following the large buyback.

Aug 7, 2024 8-K

Monster Beverage 8-K Report, Executive Changes (Jun 14, 2024)

Monster Beverage Corporation (MNST) filed an 8-K on June 14, 2024, detailing key corporate governance and executive appointment matters. The most significant event is the appointment of Emilie Tirre as Chief Commercial Officer, effective June 13, 2024. This role comes with an annual base salary of $870,000 and eligibility for bonuses and participation in incentive and equity plans, along with severance benefits under specific termination conditions. The filing also reports the results of the company's Annual Meeting of Stockholders held on June 13, 2024.

Jun 14, 2024 8-K

Monster Beverage 8-K Report, Material Agreement (May 23, 2024)

Monster Beverage Corporation (MNST) has entered into a new Credit Agreement on May 22, 2024, with JPMorgan Chase Bank, N.A., as administrative agent, and various lenders. This agreement introduces two new credit facilities: a three-year unsecured delayed draw term loan facility of up to $750 million and a five-year unsecured revolving credit facility of up to $750 million. These facilities provide significant liquidity and financial flexibility for the company's operations and strategic initiatives. The Term Loan Facility is available for a three-month period and matures on May 22, 2027. The Revolving Facility, which includes sublimits for letters of credit and swingline loans, matures on May 22, 2029, with an option for lenders to extend the maturity for up to two additional one-year periods. Both facilities can potentially be increased by an aggregate of $750 million, subject to lender approval, offering further borrowing capacity.

May 23, 2024 10-Q

Monster Beverage Quarterly Report for Q1 Ended Mar 31, 2024

Monster Beverage Corporation (MNST) reported a strong first quarter of 2024, with net sales reaching a record $1.90 billion, an increase of 11.8% compared to the same period last year. This growth was driven by increased sales volume, particularly for the flagship Monster Energy® brand, and the positive impact of pricing actions implemented in late 2023 and early 2024. The company also saw significant growth in its Strategic Brands and Alcohol Brands segments. Profitability improved, with gross profit increasing by 14.4% to $1.03 billion, and gross profit margin expanding by 130 basis points to 54.1%. This improvement was attributed to lower freight-in costs, pricing initiatives, and reduced input costs. While operating expenses also increased by 17.5%, driven by higher selling, marketing, and payroll costs, operating income still managed to grow by 11.7% to $542.0 million. Net income rose 11.2% to $442.0 million, or $0.42 per diluted share, reflecting the company's ability to translate top-line growth into bottom-line results. The company ended the quarter with a robust cash position of $2.58 billion, underscoring its financial strength.

May 7, 2024 8-K

Monster Beverage 8-K Report, Financial Results (May 2, 2024)

On May 2, 2024, Monster Beverage (MNST) reported first-quarter 2024 results with net sales up 11.8% to $1.90 billion (up 15.6% on a foreign-currency-adjusted basis, or 12.6% excluding Argentina). Gross margin improved to 54.1% from 52.8%, driven by lower freight-in costs, pricing actions and lower input costs. Operating income rose to $542.0 million and net income increased 11.2% to $442.0 million, or $0.42 per diluted share. Operating margin was roughly flat at 28.5% versus 28.6%, as operating expenses grew faster than sales, and the effective tax rate rose to 23.5% from 20.1%. The most consequential news is the company's intention to launch a modified Dutch Auction tender offer for up to $3.0 billion of common stock, to be funded with about $2.0 billion of cash on hand and about $1.0 billion of new revolving and delayed draw term loan borrowings. The offer is outside the existing buyback authorizations, which retain about $642.4 million of remaining capacity. The tender is subject to market conditions and the price range is not yet set, so it has not commenced. Co-CEOs also indicated they intend to participate, and Chairman Rodney Sacks is considering reducing day-to-day duties from 2025, with Hilton Schlosberg moving to CEO while Sacks stays as Chairman. For investors, the key questions are the final price range, the scale of participation, and how the roughly $1.0 billion of new debt affects leverage and flexibility, given the company held about $3.56 billion in cash and short-term investments at March 31, 2024. The filing also notes continued reliance on The Coca-Cola Company relationship, foreign currency and Argentina exposure, and the usual risks around consumer trends and regulation.

May 2, 2024 10-K

Monster Beverage Annual Report, Year Ended Dec 31, 2023

Monster Beverage (MNST) delivered a strong 2023, with record net sales of $7.14 billion, up 13.1% year over year, and net income of $1.63 billion, up 36.9%. Growth was driven mainly by higher worldwide volume of Monster Energy drinks and the Pricing Actions taken in 2022 and 2023. Gross margin expanded to 53.1% from 50.3%, helped by price increases, lower aluminum can costs and reduced freight, and operating income rose 23.3% to $1.95 billion. Energy drink case sales grew 9.6% to 769.2 million cases, and international sales reached 38% of net sales. The balance sheet is strong. Cash and cash equivalents were $2.30 billion, with another $1.03 billion in short- and long-term investments, and working capital was $4.43 billion. Operating cash flow was $1.72 billion. The company spent $363 million to acquire Bang Energy in July 2023, which brought a Phoenix production facility and an entry into the faster-growing Bang brand, and it repurchased about $658 million of stock during the year. Management reported an effective internal control over financial reporting with no material weaknesses. Investors should weigh concentration and regulatory risk. Most revenue comes from energy drinks, TCCC is a key distribution partner and holds about 19.6% of the stock, and the company faces growing energy drink regulation such as age limits, excise taxes and caffeine caps. The Alcohol Brands segment, built on the 2022 CANarchy acquisition, is still loss-making, with $42.7 million of impairment charges in 2023 tied to craft beer and hard seltzer challenges.

Feb 29, 2024 8-K

Monster Beverage 8-K/A Report, Financial Results (Feb 29, 2024)

Monster Beverage (MNST) furnished its Q4 and full-year 2023 results in a February 28, 2024 press release. This 8-K/A was filed on February 29, 2024 solely to correct a clerical error in the three-month gross profit figure for Q4 2023; the corrected press release is attached as Exhibit 99.1. The corrected statement shows Q4 2023 gross profit of $938.4 million (54.2% of net sales), up from 51.8% a year earlier. The amendment does not change the company's headline results. Q4 net sales rose 14.4% to a record $1.73 billion, or 16.1% on a foreign-currency-adjusted basis, and full-year net sales rose 13.1% to $7.14 billion. Profitability was mixed. Q4 net income rose 21.6% to $367.0 million, and diluted EPS rose 22.3% to $0.35. Q4 results absorbed $39.9 million of impairment charges on the Alcohol Brands segment, reflecting continued weakness in craft beer and hard seltzer, plus a roughly $5.0 million drag from the Bang inventory step-up. Excluding these items, Q4 net income would have been $401.5 million, or $0.38 per diluted share. Full-year net income grew 36.9% to $1.63 billion, and diluted EPS reached $1.54. Management attributed margin gains to pricing actions, lower freight-in costs and lower input costs. The balance sheet is strong, with $3.25 billion in cash and short-term investments against no disclosed debt on the face of the statements. Stockholders' equity was $8.23 billion. The company repurchased about 0.8 million shares in Q4 for $43.2 million, and $642.4 million remained under existing buyback authorizations as of February 27, 2024. Investors should note that the full financial statements and footnotes were not included in the press release and will come with the Form 10-K.

Feb 29, 2024 8-K

Monster Beverage 8-K Report, Financial Results (Feb 28, 2024)

Monster Beverage (MNST) reported fourth-quarter and full-year 2023 results on February 28, 2024 that point to strong top-line momentum, with some offsetting noise from the Alcohol Brands segment. Q4 net sales rose 14.4% to $1.73 billion (up 16.1% on a foreign-currency-adjusted basis), and full-year net sales rose 13.1% to $7.14 billion (up 15.5% currency-adjusted). Net income for Q4 grew 21.6% to $367.0 million, and full-year net income increased 36.9% to $1.63 billion, with diluted EPS of $1.54 for the year. Gross margin expanded to 54.2% in Q4 and 53.1% for the full year, helped by pricing actions, lower freight-in costs and lower input costs. Profitability was affected by $39.9 million of impairment charges in the Alcohol Brands segment, tied to continuing weakness in craft beer and hard seltzer categories, and a roughly $5.0 million Bang inventory step-up charge in Q4. Excluding these items, Q4 net income would have been $401.5 million (up 33.1%) and diluted EPS $0.38. Management said the Bang Energy acquisition has been integrated and is performing as expected. Strategic Brands sales were roughly flat in Q4 as reported (down 1.3%), though up 7.7% on a currency-adjusted basis. Balance-sheet and capital-return items were also notable. Cash and cash equivalents rose to $2.30 billion, and roughly $642.4 million remained under existing buyback authorizations as of February 27, 2024, after $43.2 million of Q4 repurchases. This filing contains only the earnings press release and is unaudited; the full audited financial statements and footnotes will come in the Form 10-K. The filing also notes that the Company's results remain heavily dependent on its relationship with The Coca-Cola Company and are subject to the risks described in the forward-looking statements section.

Feb 28, 2024 8-K

Monster Beverage 8-K Report, Regulation FD Disclosure (Jan 16, 2024)

Monster Beverage Corporation (MNST) filed a Form 8-K on January 16, 2024 under Item 7.01 (Regulation FD) to announce an investor meeting hosted by Co-CEOs Rodney Sacks and Hilton Schlosberg at the Nasdaq MarketSite in New York City, with a live webcast at approximately 4:45 p.m. ET. The filing itself contains no new financial results, guidance changes, or material transactions; its substance lies in the accompanying Exhibit 99.1 slide deck, which serves as a business update. The presentation provides a broad operating snapshot. Nielsen data for the 13 weeks ending December 30, 2023 shows total U.S. all-channel energy drink dollar sales of $5.12 billion, up 7.9% year over year, with Monster at $1.52 billion (up 2.2%) and a 29.6% dollar share, while Monster's share fell 1.6 points. Celsius (up 126.5%), Reign (up 27.6%), Alani Nu (up 53%), Ghost (up 60%) and C4 (up 63%) were the fastest-growing competitors, while Bang declined 63.1% following the Bang Energy transaction. The deck also cites 31 consecutive years of sales growth since the 1992 Hansen acquisition, 2022 net sales of $6.3 billion (up 13.9%), and nine-month 2023 net sales of $5.4 billion (up 12.8%) with net income of $1.3 billion, which includes a $17.5 million net gain on the Bang transaction. Management also disclosed a share repurchase of roughly 0.8 million shares at an average price of $54.57 after the Q3 earnings release. Investors should weigh the slide content against the forward-looking risk factors in the safe harbor language, notably dependence on The Coca-Cola Company, Bang integration, litigation, changes in consumer preferences, and commodity and freight costs. The deck also highlights international expansion (Monster in 144 countries; Predator affordable energy expansion, including China launch) and a Monster Beast beer and alcohol-related push, which carry the alcoholic-beverage risks noted in the filing.

Jan 16, 2024 8-K

Monster Beverage 8-K Report, Corporate Update (Nov 8, 2023)

On November 7, 2023, Monster Beverage Corporation's Board of Directors authorized a new share repurchase program of up to $500.0 million of the Company's outstanding common stock, disclosed in an 8-K filed November 8, 2023 under Item 8.01 (Other Events). As of November 7, 2023, approximately $282.8 million remained available under the previously authorized program. Combined with the new authorization, this gives the Company roughly $782.8 million of total repurchase capacity, a meaningful signal of management's confidence in the company's value and cash generation. The filing is a capital-allocation announcement rather than an operating update: it contains no revenue, earnings, or guidance figures. Repurchases may be made in the open market, through privately negotiated transactions, by block purchase, or through broker-dealer arrangements, and the timing will depend on market conditions. The program can be suspended or discontinued at any time, so the authorization is a ceiling rather than a commitment to specific spending. For investors, the key considerations are the scale of the buyback relative to the company's market capitalization and free cash flow, the pace at which repurchases are executed (which will show up in future 10-Q and 10-K filings), and whether buybacks are accompanied by continued investment in brand growth. The filing itself does not disclose the amount repurchased under either program or the expected timing, so these details should be tracked in subsequent periodic reports.

Nov 8, 2023 10-Q

Monster Beverage Quarterly Report for Q3 Ended Sep 30, 2023

Monster Beverage Corporation (MNST) reported strong financial results for the third quarter and nine months ended September 30, 2023. Net sales showed significant year-over-year growth, driven by increased volume in its core Monster Energy® Drinks segment and successful pricing actions. The company demonstrated improved profitability with a notable increase in gross profit and operating income margins. The acquisition of Bang Energy in July 2023 is being integrated, and while it contributed to acquisition costs, it also represents a significant expansion of the company's product portfolio. Management remains optimistic about future growth prospects, supported by continued product innovation, international expansion, and strategic market initiatives.

Nov 6, 2023 8-K

Monster Beverage 8-K Report, Financial Results (Nov 2, 2023)

Monster Beverage reported record third-quarter 2023 results, with net sales rising 14.3% to $1.86 billion (16.1% on a foreign-currency-adjusted basis, despite a $29.2 million FX headwind). Gross margin expanded to 53.0% from 51.3%, driven by pricing actions, lower freight-in costs, and lower aluminum can costs. Operating income grew 22.2% to $510.5 million, and net income rose 40.4% to $452.7 million, or $0.43 per diluted share versus $0.30 a year earlier. Nine-month net sales increased 12.8% to $5.41 billion and net income increased 42.0% to $1.26 billion. The quarter's reported earnings include several one-time Bang Energy acquisition items: a $45.4 million gain, a roughly $7.8 million gross profit hit from the inventory step-up, and about $8.0 million of acquisition expenses. Excluding these, adjusted EPS was $0.41, still about 37% above the prior-year quarter. The Monster Energy Drinks segment grew 13.7% to $1.71 billion, while the Alcohol Brands segment (The Beast Unleashed) grew 57.8%, though it remains small at $42.3 million. International sales were roughly 40% of net sales. The company repurchased about 7.3 million shares for $400.0 million in the quarter and had $282.8 million remaining under its authorization as of November 2, 2023. Cash and short-term investments totaled about $3.0 billion at quarter-end. Investors should note that this 8-K furnishes the earnings press release only; the full financial statements and footnotes were to follow in the Form 10-Q. The filing's forward-looking statements flag risks including dependence on The Coca-Cola Company, Bang integration, retailer and distributor decisions, regulation of energy and alcohol drinks, and commodity and freight cost exposure.

Nov 2, 2023 10-Q

Monster Beverage Quarterly Report for Q2 Ended Jun 30, 2023

Monster Beverage Corporation reported strong financial results for the second quarter ended June 30, 2023. Net sales increased by 12.1% year-over-year to $1.85 billion, driven by increased volume and pricing actions, particularly in the core Monster Energy® Drinks segment. Gross profit surged by 24.9%, with gross margin improving significantly to 52.5% from 47.1% in the prior year quarter. This margin expansion was attributed to effective pricing strategies, lower freight-in costs, and reduced aluminum can costs. Operating income saw a substantial 40.4% increase, leading to a robust net income growth of 51.4% to $413.9 million. The company's strategic focus on expanding its global presence and product portfolio continues to yield positive results. International net sales grew by 10.2% on a reported basis, demonstrating resilience in diverse markets. The acquisition of Bang Energy, though not fully integrated in this reporting period, is a significant strategic move that is expected to contribute to future growth. The company maintains a strong balance sheet with ample liquidity, evident from its substantial cash and investments balance, positioning it well to fund operations, capital expenditures, and potential future strategic initiatives.

Aug 4, 2023 8-K

Monster Beverage 8-K Report, Financial Results (Aug 3, 2023)

Monster Beverage (MNST) reported a strong second quarter of 2023, with net sales rising 12.1% year-over-year to a record $1.85 billion (up 14.4% on a foreign-currency-adjusted basis, despite a $38.4 million FX headwind). Growth was broad-based: the core Monster Energy Drinks segment grew 9.7% to $1.69 billion, Strategic Brands (the Coca-Cola-acquired energy brands) rose 26.0% to $99.7 million, and the Alcohol Brands segment (The Beast Unleashed, CANarchy craft beers and seltzers) nearly doubled to $61.1 million, up 88.2%. Profitability improved markedly, with gross margin expanding about 5.4 points to 52.5% on pricing actions, lower freight-in costs and cheaper aluminum cans. Operating income climbed 40% to $523.8 million, and net income rose 51.4% to $413.9 million, or $0.39 per diluted share. For the first half of 2023, net sales grew 12.0% to $3.55 billion and net income increased 42.9% to $811.3 million. Management highlighted continued U.S. and international energy drink demand, the March 2023 launch of Reign Storm, and planned expansion of The Beast Unleashed toward national distribution by year-end. The company also completed its acquisition of substantially all assets of Bang Energy (Vital Pharmaceuticals) on July 31, 2023, for approximately $362 million, adding brands and a Phoenix, Arizona production facility. No shares were repurchased in Q2, leaving about $682.8 million available under existing authorizations. Balance sheet liquidity remains strong, with $1.87 billion in cash and $1.42 billion in short-term investments at June 30, 2023. Investors should note that the filing is a press release furnished under Item 2.02, and the full financial statements will follow in the Form 10-Q. The Bang integration risk and the company's dependence on The Coca-Cola Company remain key items to monitor.

Aug 3, 2023 8-K

Monster Beverage 8-K Report, Bylaw Amendment (Jun 27, 2023)

Monster Beverage Corporation (MNST) filed an 8-K on June 26, 2023, detailing key corporate governance changes approved by its stockholders at the Annual Meeting held on June 22, 2023. The most significant development for investors is the substantial increase in authorized common stock from 1,250,000,000 to 5,000,000,000 shares. This move is generally aimed at providing future flexibility for corporate actions such as stock splits, acquisitions, or equity financing, although it also increases potential dilution if new shares are issued. Additionally, the company updated its Certificate of Incorporation to include exculpation provisions for certain officers, aligning with Delaware law, and revised its bylaws to comply with new universal proxy rules and other regulatory changes. The filing also confirms the re-election of all ten directors and the ratification of Ernst & Young LLP as the independent auditor for fiscal year 2023. Stockholders also approved advisory votes on executive compensation and the frequency of future advisory votes, with a preference for annual votes on executive pay.

Jun 27, 2023 10-Q

Monster Beverage Quarterly Report for Q1 Ended Mar 31, 2023

Monster Beverage Corporation reported strong first-quarter results for 2023, with net sales increasing by 11.9% year-over-year to $1.70 billion. This growth was driven primarily by increased volume in the core Monster Energy® Drinks segment, supported by successful pricing actions in various markets and a reduction in freight-in and aluminum can costs, which improved gross profit margins to 52.8% from 51.1% in the prior year period. Net income saw a significant boost of 35.1% to $397.4 million, reflecting not only top-line growth and margin expansion but also a lower effective tax rate. The company also highlighted strategic progress, including the continued development of its product portfolio with several new product introductions. International sales showed robust growth of 12.6% (15.3% on a currency-adjusted basis), contributing significantly to the overall performance. While the Strategic Brands segment experienced a slight decline, the Alcohol Brands segment saw substantial growth driven by the full quarter inclusion of CANarchy and the launch of The Beast UnleashedTM. From a financial health perspective, Monster Beverage maintained a strong liquidity position with $1.67 billion in cash and cash equivalents and $1.38 billion in short-term investments as of March 31, 2023. The company continues to manage its capital effectively, with substantial authorization for share repurchases remaining. Despite inflationary pressures impacting input costs, Monster Beverage's pricing strategies and operational efficiencies have effectively bolstered profitability, positioning the company for continued growth.

May 5, 2023 8-K

Monster Beverage 8-K Report, Financial Results (May 4, 2023)

Monster Beverage (MNST) reported record first-quarter 2023 results, with net sales of $1.70 billion, up 11.9% from $1.52 billion a year earlier. Adjusted for an unfavorable $52.0 million foreign currency impact, sales grew 15.3%. The growth was broad-based, led by the core Monster Energy Drinks segment, which rose 11.2% to $1.56 billion (14.6% on a currency-adjusted basis). Profitability improved meaningfully: gross margin expanded to 52.8% from 51.1%, driven by pricing actions, lower freight-in costs, and lower aluminum can costs. Operating income rose 21.4% to $485.1 million, and net income increased 35.1% to $397.4 million, or $0.38 per diluted share (split-adjusted) versus $0.27. The effective tax rate fell to 20.1% from 25.0%, which contributed to the bottom-line growth. Capital allocation was notable. The company executed a two-for-one stock split in March 2023 and retired 170.0 million treasury shares with a carrying value of about $4.69 billion, which reduced retained earnings sharply and is an accounting reclassification rather than an economic outflow. No shares were repurchased in Q1, leaving about $682.8 million available under existing authorizations as of May 4, 2023. Cash and cash equivalents of $1.67 billion plus short-term investments of $1.38 billion totaled roughly $3.06 billion at quarter-end, up from about $2.67 billion at year-end 2022. The Alcohol Brands segment, which includes The Beast Unleashed and CANarchy craft beers and seltzers, more than tripled to $46.3 million, though it remains small. The Strategic Brands segment declined 6.7% to $86.4 million. Management flagged ongoing headwinds, including a strong U.S. dollar, elevated ingredient and co-packing costs, and risks tied to consumer discretionary spending, its heavy reliance on The Coca-Cola Company, and regulatory scrutiny of energy and alcohol drinks.

May 4, 2023 10-K

Monster Beverage Annual Report, Year Ended Dec 31, 2022

Monster Beverage's FY2022 10-K shows a company still growing strongly at the top line but with sharply compressed profitability. Net sales rose 13.9% to a record $6.31 billion, driven by higher Monster Energy brand volumes (energy drink case sales up 14.4% to 701.7 million cases) and pricing actions, with international sales reaching about 37% of the total. However, gross margin fell from 56.1% to 50.3% on freight, aluminum can, ingredient and co-packing cost inflation, and operating expenses rose 21.3%, so operating income declined 11.8% to $1.58 billion and net income fell 13.5% to $1.19 billion (diluted EPS $2.23 versus $2.57). Management said pricing actions and improved logistics began lifting margins in the second half of 2022. The balance sheet remains very strong, with $1.31 billion in cash, $1.36 billion in short-term investments and $3.76 billion of working capital, and operating cash flow was $887.7 million, down from $1.16 billion. Capital was returned through buybacks totaling $771 million in 2022, and $682.8 million of authorization remained as of March 1, 2023. The company also entered the alcohol beverage category via the $329.5 million CANarchy acquisition, which produced a $31.5 million operating loss in its partial first year. Investors should weigh the strong brand momentum and cash position against margin pressure, reliance on The Coca-Cola Company's distribution network and TCCC's roughly 19.5% stake, and the pending VPX/Bang litigation award that has not been recognized. As a note on timing, the filing was dated March 1, 2023, and the company announced a 2-for-1 stock split on February 28, 2023, which is reflected in the subsequent events note and should be considered when comparing per-share figures.

Mar 1, 2023 8-K

Monster Beverage 8-K Report, Financial Results (Feb 28, 2023)

Monster Beverage reported record fourth-quarter 2022 net sales of $1.51 billion, up 6.2% year over year (11.9% on a foreign-currency-adjusted basis, since currency movements cut $81.9 million from sales). Full-year net sales rose 13.9% to $6.31 billion, or 18.2% adjusted for currency. Growth was broad, with the Strategic Brands segment up 41.8% in Q4 and international sales up 6.8% in dollars. Profitability weakened, however. Full-year gross margin fell to 50.3% from 56.1%, operating income dropped 11.9% to $1.58 billion, and diluted EPS declined 13.1% to $2.23. Management said gross margin improved sequentially in Q4 (51.8% vs. 51.3% in Q3) on pricing actions and easing supply chain pressure, and that some 2022 cost increases should prove transitory. Cost inflation in energy, ingredients, and co-packing remains a headwind. The company also declared a 2-for-1 stock split, effected as a 100% stock dividend. Holders of record on March 13, 2023 receive one additional share per share held, with distribution after the close on March 27 and split-adjusted trading expected from March 28. The split is cosmetic and does not change the company's economics. Capital allocation remained active: about 2.3 million shares were repurchased in Q4 for $201.6 million, and roughly $682.8 million remained authorized as of February 28, 2023. The balance sheet is strong, with $1.31 billion in cash and $1.36 billion in short-term investments. Note that the release is unaudited, and the full financial statements and footnotes will be included in the Form 10-K. On the product side, management highlighted expansion into alcohol with The Beast Unleashed flavored malt beverage, which launched in six states with national distribution targeted by year-end 2023. Other launches include Monster Tour Water, Reign Storm (planned for March 2023), and Monster Energy Zero Sugar. The Alcohol Brands segment contributed $26.9 million in Q4 and $101.4 million for the full year, but it weighed on margins during integration of the CANarchy acquisition.

Feb 28, 2023 8-K

Monster Beverage 8-K Report, Regulation FD Disclosure (Jan 17, 2023)

Monster Beverage Corp (MNST) filed this Form 8-K under Item 7.01 (Regulation FD Disclosure) to announce a virtual investor meeting on January 17, 2023, hosted by Co-CEOs Rodney Sacks and Hilton Schlosberg, with a live webcast at approximately 4:30 p.m. ET. The filing itself contains no new financial results, guidance changes, or material transactions; its substance lies in the accompanying Exhibit 99.1 slide deck, which is furnished rather than filed and is archived on the company website for about one year. The slides present a largely favorable operating picture for the quarter and the 13 weeks ended December 31, 2022. Total U.S. Monster Energy (MEC) dollar sales rose about 11.0% year over year, with Monster brand dollar sales up 10.6% to roughly $1.49 billion and a 31.3% dollar share of the total U.S. energy category, though Monster units declined 1.8%. Celsius (up 124.8%) and Ghost (up 1,084%) were the fastest-growing competitors, while Bang fell 41.1%, a notable share loss that management presumably wants to highlight. Amazon data showed Monster dollar sales up 55.4% over 13 weeks, and the company cited expansion of Reign, Predator and Fury (affordable energy) into roughly 157 countries and territories. Investors should note the slides also disclose early-stage strategic moves, including the Monster-branded alcoholic beverage (6.0% ABV, sugar-free), tour water and other non-alcohol brands, and the company's ESG commitments for 2023. The forward-looking statement safe harbor lists risks that remain material, including dependence on The Coca-Cola Company, consumer pressure from gasoline prices and inflation, the Ukraine conflict, regulatory scrutiny of energy drinks, and the alcohol-category operating risks. The filing reports no financial statements, so the investment conclusions depend on comparing these management-selected metrics with the audited results in the company's periodic reports.

Jan 17, 2023