---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-134412"
form_type: "8-K"
ticker: "MNST"
cik: "0000865752"
company_name: "Monster Beverage Corp"
filed_at: "2021-11-04T23:59:59+00:00"
generated_at: "2026-06-28T13:31:54.052667+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Monster Beverage Q3 net sales up 13.2% to $1.41B; net income down 3.0% on cost pressures

## Summary
- Record Q3 net sales $1.41B (+13.2% YoY); diluted EPS $0.63 vs $0.65 (-3.5%).
- Gross margin compressed to 55.9% from 59.1% on higher aluminum can costs, freight, and geographic sales mix.
- Operating income down to $444.5M from $458.6M; operating expenses increased to $344.7M from $277.9M.
- Aluminum can shortages and supply chain constraints (port congestion, co-packing capacity) persist; new US can supply agreements start Oct/Dec.
- Mitigating cost inflation via reduced promotions and pricing actions; no share repurchases in Q3; $441.5M buyback capacity remains.

## SEC filing metadata
- accession: 0001104659-21-134412
- form_type: 8-K
- ticker: MNST
- cik: 0000865752
- company_name: Monster Beverage Corp
- filed_at: 2021-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/865752/000110465921134412/0001104659-21-134412-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/865752/000110465921134412/tm2131936d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-134412
- JSON: https://secwatch.observer/filing/0001104659-21-134412.json
- Plain text: https://secwatch.observer/filing/0001104659-21-134412.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.