---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-056023"
form_type: "8-K"
ticker: "MNST"
cik: "0000865752"
company_name: "Monster Beverage Corp"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:47:34.008804+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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

## SEC filing metadata
- accession: 0001104659-23-056023
- form_type: 8-K
- ticker: MNST
- cik: 0000865752
- company_name: Monster Beverage Corp
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/865752/000110465923056023/0001104659-23-056023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/865752/000110465923056023/tm2314653d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-056023
- JSON: https://secwatch.observer/filing/0001104659-23-056023.json
- Plain text: https://secwatch.observer/filing/0001104659-23-056023.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/865752/000110465923056023/0001104659-23-056023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.