Monster Q3 net sales $1.88B (+1.3%), adjusted EPS $0.40 vs $0.41 YoY; operating income down

Monster Beverage Corp

Q3 net sales $1.88B (+1.3% YoY); on FX-adjusted basis +4.7% (ex-alcohol +5.0%).
GAAP EPS $0.38 (down 11.7% YoY); adjusted EPS $0.40 vs $0.41; net income $370.9M (-18.1%).
Monster Energy Drinks segment net sales $1.72B (+0.8%); Strategic Brands +14.0%; Alcohol Brands -6.0%.
Board elected William W. Douglas III as director effective Jan 1, 2025; adopted majority voting for director nominees.
Repurchased 11.3M shares for $534.7M in Q3; ~$500M remaining under buyback authorization.

item 2.02 item 5.02 item 5.03 item 9.01

Executive movements

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Appointed

William W. Douglas III

Director

MNST · Monster Beverage Corp

Effective: 2025-01-01
Filed: November 7, 2024, 6:59 PM ET

On November 6, 2024, the Board of Directors (the “Board”) of the Company elected Mr. William “Bill” W. Douglas III to serve as a director of the Company, effective January 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William W. Douglas III was elected as Director at Monster Beverage Corp.

Action: elected
Role: Director

Exact text from the filing

On November 6, 2024, the Board of Directors (the “Board”) of the Company elected Mr. William “Bill” W. Douglas III to serve as a director of the Company, effective January 1, 2025.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Monster Beverage Corp: Adopted majority voting standard for uncontested director elections, retained plurality for contested elections; updated for Delaware law changes and periodic review (effective 2024-11-06).

Change: bylaw amendment
Effective: 2024-11-06

Exact text from the filing

On November 6, 2024, the Board approved and adopted the Fourth Amended and Restated By-laws of the Company (the “By-laws”), effective the same day.

View on SEC.gov

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Monster Beverage Corp filing history →

Source: SEC EDGAR

accession 0001104659-24-115332

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