---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-113794"
form_type: "8-K"
ticker: "MNST"
cik: "0000865752"
company_name: "Monster Beverage Corp"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:24:26.299177+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Monster Beverage Q3 net sales up 14.3% to $1.86B; net income up 40.4% to $452.7M

## Summary
- Net sales record $1.86B (+14.3% YoY); foreign currency adjusted +16.1%; net income $452.7M (+40.4%), diluted EPS $0.43 (+41.3%).
- Gross margin improved to 53.0% (53.4% ex-Bang inventory step-up of $7.8M) vs 51.3% a year ago; pricing actions and lower freight/can costs.
- Completed Bang Energy acquisition on July 31; recorded $45.4M gain and $8.0M acquisition expenses; inventory step-up impacted gross margin.
- International net sales up 20.2% to $733.7M (40% of total); foreign currency adjusted +24.9%.
- Repurchased 7.3M shares at avg $54.83 for $400M; $282.8M remaining under buyback.

## SEC filing metadata
- accession: 0001104659-23-113794
- form_type: 8-K
- ticker: MNST
- cik: 0000865752
- company_name: Monster Beverage Corp
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/865752/000110465923113794/0001104659-23-113794-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/865752/000110465923113794/tm2324499d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-113794
- JSON: https://secwatch.observer/filing/0001104659-23-113794.json
- Plain text: https://secwatch.observer/filing/0001104659-23-113794.txt

## Key facts
- Earnings Releases
  Monster Beverage Corp reported third quarter ended September 30, 2023 results: revenue $1.86 billion, net income $452.7 million.
  - Period: third quarter ended September 30, 2023
  - Revenue: $1.86 billion
  - Net income: $452.7 million
  - Result: reported results
  source text: S. Pondel / Judy Lin PondelWilkinson Inc. (310) 279-5980 MONSTER BEVERAGE REPORTS 2023 THIRD QUARTER FINANCIAL RESULTS -- Record Third Quarter Net Sales Rise 14.3 Percent to $1.86 Billion -- -- Net Sales, Adjusted for Adverse Changes in Foreign Currency of $29.2 Million, Rise 16.1 Percent -- -- Gross Profit as a Percentage of Net Sales Improves to 53.0 Percent on
  evidence_url: https://www.sec.gov/Archives/edgar/data/865752/000110465923113794/0001104659-23-113794-index.htm

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