{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-056393","form_type":"8-K","ticker":"MNST","cik":"0000865752","company_name":"Monster Beverage Corp","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.174627+00:00","generated_at":"2026-06-03T01:20:38.464030+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Monster Beverage Q1 net sales $1.90B (+11.8% YoY); announces $3B tender offer; CEO succession plan","bullets":["Q1 net sales $1.90B, +11.8% YoY; diluted EPS $0.42 (+12%); adjusted for FX net sales +15.6%.","Gross margin improved to 54.1% from 52.8%; operating income $542.0M vs $485.1M.","Plans $3B Dutch auction tender offer for common stock; funded by $2B cash + $1B new credit facilities.","Co-CEO Sacks to reduce day-to-day role in 2025; Schlosberg to become sole CEO; Sacks remains Chairman.","Remaining share repurchase authorization $642.4M as of May 2, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-056393","json":"https://secwatch.observer/filing/0001104659-24-056393.json","markdown":"https://secwatch.observer/filing/0001104659-24-056393.md","text":"https://secwatch.observer/filing/0001104659-24-056393.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/865752/000110465924056393/0001104659-24-056393-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/865752/000110465924056393/tm2413295d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T01:20:38.464030+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fdae66ebbad3d402d892263d5f5b6c891066df74","claim":"Monster Beverage Corp reported the three-months ended March 31, 2024 results: revenue $1.90 billion, net income $442.0 million.","evidence_excerpt":"MONSTER BEVERAGE REPORTS 2024 FIRST QUARTER RESULTS -- Record First Quarter Net Sales Rise 11.8 Percent to $1.90 Billion -- -- Net Sales, Adjusted for Adverse Changes in Foreign Currency of $64.4 Million, Rise 15.6 Percent (12.6 Percent Exclusive of Argentina’s Impact) -- -- First Quarter Gross Profit as a Percentage of Net Sales Improves to 54.1 Percent -- -- First Quarter Net Income Increases 11.2 Percent to $442.0 Million -- -- Company Currently Intends to Commence Tender Offer to Repurchase up to $3.0 Billion of Common Stock -- Corona, CA – May 2, 2024 – Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three-months ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/865752/000110465924056393/0001104659-24-056393-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three-months ended March 31, 2024"},{"label":"Revenue","value":"$1.90 billion"},{"label":"Net income","value":"$442.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}