---
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"
generated_at: "2026-06-03T01:20:38.464030+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Monster Beverage Q1 net sales $1.90B (+11.8% YoY); announces $3B tender offer; CEO succession plan

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-056393
- JSON: https://secwatch.observer/filing/0001104659-24-056393.json
- Plain text: https://secwatch.observer/filing/0001104659-24-056393.txt

## Key facts
- Earnings Releases
  Monster Beverage Corp reported the three-months ended March 31, 2024 results: revenue $1.90 billion, net income $442.0 million.
  - Period: the three-months ended March 31, 2024
  - Revenue: $1.90 billion
  - Net income: $442.0 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/865752/000110465924056393/0001104659-24-056393-index.htm

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