earnings
confidence high
sentiment negative
materiality 0.80
Monster Beverage Q1 net sales record $1.52B (+22.1% YoY) but net income -6.7% to $294.2M
Monster Beverage Corp
- EPS $0.55 diluted, -6.8% YoY; gross margin fell to 51.1% from 57.5% on freight, aluminum, and input cost hikes.
- Completed CANarchy acquisition for $330.4M on Feb 17, 2022; Alcohol Brands segment contributed $15.2M net sales.
- Plans U.S. price increase effective Sept 1, 2022 to mitigate supply-chain cost pressures.
- Operating income down to $399.5M from $414.1M; international sales grew 20.4% to $553.4M, 36% of total.
- No share repurchases in Q1; $441.5M still available under buyback program.