earnings
confidence high
sentiment neutral
materiality 0.75
Monster Beverage reports record Q4 2021 net sales $1.43B; net income down; completes CANarchy acquisition
Monster Beverage Corp
- Record Q4 net sales $1.43B, +19.1% YoY; full-year net sales $5.54B, +20.5% YoY.
- Net income Q4 $321.3M ($0.60 diluted EPS), down 32.1% from $0.88 YoY due to non-recurring tax benefit.
- Excluding 2020 tax benefit and product returns, adjusted EPS Q4 $0.60 vs $0.62 prior year.
- Gross margin declined to 53.9% from 57.7% on higher aluminum can costs and freight.
- Completed CANarchy acquisition for $330M on Feb 17, entering alcohol beverage sector.