Monster Beverage reports record Q4 net sales of $1.73B (+14.4%), EPS $0.35 (+22.3%)

Monster Beverage Corp

Q4 net sales $1.73B (+14.4% YoY); foreign currency adjusted +16.1%.
Net income $367M (+21.6%); adjusted net income $401.5M (+33.1%).
Gross margin 54.2% vs 51.8% a year ago; improved by pricing and lower freight costs.
Alcohol segment impairment charges of $39.9M due to craft beer/seltzer challenges.
Q4 share repurchases 0.8M shares at avg $54.57; $642.4M remaining under buyback.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Monster Beverage Corp reported the three- and twelve-months ended December 31, 2023 results: revenue $1.73 billion, net income $367.0 million.

Period: the three- and twelve-months ended December 31, 2023
Revenue: $1.73 billion
Net income: $367.0 million
Result: reported results

Exact text from the filing

Lin PondelWilkinson Inc. (310) 279-5980 MONSTER BEVERAGE REPORTS 2023 FOURTH QUARTER AND FULL-YEAR FINANCIAL RESULTS -- Record Fourth Quarter Net Sales Rise 14.4 Percent to $1.73 Billion -- -- Net Sales, Adjusted for Adverse Changes in Foreign Currency of $27.1 Million, Rise 16.1 Percent -- -- Gross Profit as a Percentage of Net Sales Improves to 54.2 Percent on

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Source: SEC EDGAR

accession 0001104659-24-028756

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