Monster Beverage Q1 net sales $1.70B (+11.9% YoY); EPS $0.38 (+36.6%)

Monster Beverage Corp

Operating income $485.1M (+21.4% YoY); gross margin 52.8% vs 51.1%
Monster Energy Drinks segment sales $1.56B (+11.2%); Alcohol Brands sales $46.3M (+204%)
International sales $622.9M (+12.6% as reported; +21.9% FX-adjusted)
2-for-1 stock split effected March 27; $682.8M remains under repurchase program
Management notes price increases and plan to transition Monster brand to Coca-Cola distribution in the Philippines

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Monster Beverage Corp reported the first quarter ended March 31, 2023 results: revenue $1.70 billion, net income $397.4 million, EPS $0.38.

Period: the first quarter ended March 31, 2023
Revenue: $1.70 billion
Net income: $397.4 million
EPS: $0.38
Result: reported results

Exact text from the filing

Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three-months ended March 31, 2023. The Company achieved record first quarter net sales of $1.70 billion

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Monster Beverage Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-056023

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