earnings
confidence high
sentiment negative
materiality 0.65
Monster Beverage Q4 net sales record $1.51B (+6.2% YoY); net income down 6.1% to $301.7M; declares 2-for-1 stock split
Monster Beverage Corp
- Q4 net sales $1.51B, up 6.2% YoY; adjusted for FX up 11.9%.
- Q4 net income $301.7M ($0.57 diluted EPS), down 6.1% from $321.3M ($0.60).
- Gross margin 51.8% improved sequentially from 51.3% in Q3 2022.
- Full-year net sales $6.31B (+13.9% YoY); net income $1.19B ($2.23 EPS), down 13.5% YoY.
- Board declares 2-for-1 stock split; record date March 13, distribution March 27, trading split-adjusted March 28.