secwatch.observer — SEC 8-K summary
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Issuer:     Monster Beverage Corp (MNST)
CIK:        0000865752
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001104659-24-115332
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/865752/000110465924115332/0001104659-24-115332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/865752/000110465924115332/tm2427782d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-115332

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