Monster Q3 net sales record $1.62B (+15.2% YoY); EPS $0.60; new $500M buyback

Monster Beverage Corp

Net sales record $1.62B, +15.2% YoY (20.2% FX-adjusted); diluted EPS $0.60 vs $0.63.
Gross margin 51.3% vs 55.9% YoY due to cost inflation; operating income $417.9M vs $444.5M.
Alcohol Brands segment (CANarchy) contributed $26.8M; international sales 38% of total.
Board authorized new $500M share repurchase; $182.8M remained under prior program.
Plans to launch Monster Zero Sugar, 'The Beast Unleashed' alcohol, and water lines in 2023.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Monster Beverage Corp reported the three- and nine-months ended September 30, 2022 results: revenue $1.62 billion.

Period: the three- and nine-months ended September 30, 2022
Revenue: $1.62 billion
Result: reported results

Exact text from the filing

Pondel / Judy Lin Sfetcu PondelWilkinson Inc. (310) 279-5980 MONSTER BEVERAGE REPORTS 2022 THIRD QUARTER FINANCIAL RESULTS -- Record Third Quarter Net Sales Rise 15.2 Percent to $1.62 Billion -- -- Net Sales, Adjusted for Adverse Changes in Foreign Currency of $71.3 million, Rise 20.2 Percent -- -- Pricing Actions Positively Impact Gross Margins -- -- Board Authorizes

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Source: SEC EDGAR

accession 0001104659-22-114430

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