Monster Q2 net sales hit record $1.85B (+12.1%); net income +51.4% to $413.9M

Monster Beverage Corp

Diluted EPS rose 52.8% to $0.39 from $0.26; operating income $523.8M vs $373.0M.
Gross margin improved to 52.5% from 47.1% on pricing actions and lower freight/aluminum costs.
Monster Energy Drinks segment sales up 12.1% on a foreign-currency-adjusted basis.
Alcohol Brands segment sales surged 88.2% to $61.1M driven by The Beast Unleashed rollout.
Completed acquisition of Bang Energy on July 31, 2023 for ~$362M; share repurchase authorization remaining $682.8M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Monster Beverage Corp reported financial results for second quarter ended June 30, 2023.

Period: second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

Net sales for the 2023 second quarter increased 12.1 percent to $1.85 billion, from $1.66 billion in the same period last year.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Monster Beverage Corp reported financial results for second quarter ended June 30, 2023.

Period: second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

Net income for the 2023 second quarter increased 51.4 percent to $413.9 million, from $273.4 million in the 2022 second quarter.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Monster Beverage Corp reported financial results for second quarter ended June 30, 2023.

Period: second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

Net income per diluted share for the 2023 second quarter increased 52.8 percent to $0.39, from $0.26 in the second quarter of 2022.

View on SEC.gov

Browse all earnings releases →

Monster Beverage Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-087294

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.