secwatch.observer — SEC 8-K summary
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Issuer:     Monster Beverage Corp (MNST)
CIK:        0000865752
Form:       8-K/A
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001104659-24-028951
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Monster Beverage Q4 net sales rise 14.4% to $1.73B; net income up 21.6% to $367M
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- Record Q4 net sales $1.73B (+14.4% YoY); foreign currency adjusted growth 16.1%.
- Net income $367.0M (+21.6%); diluted EPS $0.35 (+22.3%); adjusted net income $401.5M (+33.1%).
- Gross margin 54.2% (54.5% ex-Bang step-up) vs 51.8% YoY on pricing and lower freight costs.
- Alcohol Brands segment recorded $39.9M impairment charge; segment net sales rose 30.6% to $35.2M.
- Repurchased ~0.8M shares at avg $54.57 in Q4; $642.4M remaining under repurchase programs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/865752/000110465924028951/0001104659-24-028951-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/865752/000110465924028951/tm241011d3_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-028951

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