earnings
confidence high
sentiment positive
materiality 0.75
Monster Q2 net sales $1.90B (+2.5%), EPS $0.41 (+5%), gross margin expands
Monster Beverage Corp
- Q2 net sales $1.90B (+2.5% YoY); diluted EPS $0.41 (+5%); net income $425.4M (+2.8%).
- Gross margin improved to 53.6% from 52.5% due to lower freight, pricing, and aluminum costs.
- Monster Energy segment sales +3.3% to $1.74B; Strategic Brands +9.6%; Alcohol Brands -31.9% to $41.6M.
- Foreign currency unfavorable impact of $67.7M; adjusted net sales growth 6.1% (7.4% excluding Alcohol).
- Completed $3B tender offer (56.6M shares at $53); subsequent repurchases of $192.2M.