earnings
confidence high
sentiment positive
materiality 0.75
Monster Beverage reports record Q2 net sales $1.46B, up 33.6%; EPS $0.75, up 28.6%
Monster Beverage Corp
- Net sales $1.46B, up 33.6% YoY; net income $403.8M, up 29.7%; diluted EPS $0.75, up 28.6%.
- Monster Energy Drinks segment net sales $1.37B (+33.0%); Strategic Brands $86.9M (+45.9%).
- Gross margin fell to 57.2% from 60.3% on higher input costs (aluminum, freight) and geographic mix.
- International sales surged 66.4% to $546.3M, representing 37% of total net sales (vs. 30% a year ago).
- Aluminum can shortages limited U.S./EMEA demand fulfillment; new suppliers expected operational in Q4 2021.