Monster Beverage Q2 net income down 32.3% to $273.4M; gross margin drops to 47.1%

Monster Beverage Corp

Net sales up 13.2% to $1.66B record, but net income falls 32.3% to $273.4M ($0.51 EPS vs $0.75).
Gross margin sinks to 47.1% from 57.2% due to higher freight, aluminum, and input costs.
Price increase effective Sept 1, 2022 in US; additional international price hikes planned.
Alcohol brand 'The Beast Unleashed' launching Q4 2022, initially through beer distributors.
Company repurchased 3.3M shares for $284.1M in Q2; $657.4M remaining under buyback.

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