Monster Beverage Q2 Sales Hit $1.97B

TL;DR

**Monster Beverage Q2: $1.97B sales, $0.59 EPS. Strong quarter.**

AI Summary

Monster Beverage Corp. reported its Q2 2024 results, with net sales reaching $1.97 billion for the three months ended June 30, 2024. The company's gross profit was $943.5 million, and operating income stood at $747.5 million. Net income attributable to Monster Beverage Corporation was $634.1 million, or $0.59 per diluted share.

Why It Matters

This filing provides insight into Monster Beverage's financial performance in the second quarter of 2024, indicating continued sales growth and profitability in the competitive beverage market.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative developments.

Key Numbers

• $1.97B — Net Sales (Represents total revenue for the second quarter of 2024.)
• $943.5M — Gross Profit (Indicates the profitability of goods sold before operating expenses.)
• $747.5M — Operating Income (Shows profit from core business operations.)
• $634.1M — Net Income (The bottom line profit for the period.)
• $0.59 — Diluted EPS (Earnings per share, a key metric for investors.)

Key Players & Entities

• Monster Beverage Corp. (company) — Filer of the 10-Q report.
• 20240630 (date) — End of the reporting period for the 10-Q.
• $1.97 billion (dollar_amount) — Net sales for the three months ended June 30, 2024.
• $943.5 million (dollar_amount) — Gross profit for the three months ended June 30, 2024.
• $747.5 million (dollar_amount) — Operating income for the three months ended June 30, 2024.
• $634.1 million (dollar_amount) — Net income attributable to Monster Beverage Corporation for the three months ended June 30, 2024.
• $0.59 (dollar_amount) — Earnings per diluted share for the three months ended June 30, 2024.

FAQ

Key Financial Figures

• $0.005 — 3,967 shares of common stock, par value $0.005 per share, outstanding as of July 31, 2

Filing Documents

• mnst-20240630x10q.htm (10-Q) — 3076KB
• mnst-20240630xex31d1.htm (EX-31.1) — 16KB
• mnst-20240630xex31d2.htm (EX-31.2) — 16KB
• mnst-20240630xex31d3.htm (EX-31.3) — 15KB
• mnst-20240630xex32d1.htm (EX-32.1) — 7KB
• mnst-20240630xex32d2.htm (EX-32.2) — 7KB
• mnst-20240630xex32d3.htm (EX-32.3) — 6KB
• 0001410578-24-001239.txt ( ) — 13305KB
• mnst-20240630.xsd (EX-101.SCH) — 62KB
• mnst-20240630_cal.xml (EX-101.CAL) — 73KB
• mnst-20240630_def.xml (EX-101.DEF) — 283KB
• mnst-20240630_lab.xml (EX-101.LAB) — 631KB
• mnst-20240630_pre.xml (EX-101.PRE) — 465KB
• mnst-20240630x10q_htm.xml (XML) — 3137KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 50 Item 4.

Controls and Procedures

Controls and Procedures 50 Part II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 51 Item 1A.

Risk Factors

Risk Factors 51 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 51 Item 3. Defaults Upon Senior Securities 52 Item 4. Mine Safety Disclosures 52 Item 5. Other Information 52 Item 6. Exhibits 53

Signatures

Signatures 54 2 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) MONSTER BEVERAGE CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2024 AND DECEMBER 31, 2023 (In Thousands, Except Par Value) (Unaudited) June 30, December 31, 2024 2023 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 1,564,734 $ 2,297,675 Short-term investments — 955,605 Accounts receivable, net 1,362,398 1,193,964 Inventories 834,404 971,406 Prepaid expenses and other current assets 129,303 116,195 Prepaid income taxes 63,458 54,151 Total current assets 3,954,297 5,588,996 INVESTMENTS — 76,431 PROPERTY AND EQUIPMENT, net 960,962 890,796 DEFERRED INCOME TAXES, net 187,269 175,003 GOODWILL 1,417,941 1,417,941 OTHER INTANGIBLE ASSETS, net 1,433,326 1,427,139 OTHER ASSETS 107,109 110,216 Total Assets $ 8,060,904 $ 9,686,522 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 511,137 $ 564,379 Accrued liabilities 213,905 183,988 Accrued promotional allowances 319,757 269,061 Deferred revenue 44,377 41,914 Accrued compensation 60,357 87,392 Income taxes payable 10,990 14,955 Total current liabilities 1,160,523 1,161,689 DEFERRED REVENUE 192,354 204,251 DEFERRED INCOME TAXES 28,896 — OTHER LIABILITIES 64,068 91,838 LONG-TERM DEBT 748,740 — COMMITMENTS AND CONTINGENCIES (Note 12) STOCKHOLDERS' EQUITY: Common stock - $ 0.005 par value; 5,000,000 shares authorized; 1,125,330 shares issued and 983,380 shares outstanding as of June 30, 2024; 1,122,592 shares issued and 1,041,571 shares outstanding as of December 31, 2023 5,627 5,613 Additional paid-in capital 5,068,291 4,975,115 Retained earnings 6,807,154 5,939,736 Accumulated other comprehensive loss ( 182,304 ) ( 125,337 ) Common stock in treasury, at cost; 141,950 shares and 81,021 shares as of June 30, 2024 and December 31, 202

View Full Filing

View this 10-Q filing on SEC EDGAR