Monster Beverage Q2 Sales Hit $1.97B
Ticker: MNST · Form: 10-Q · Filed: 2024-08-08T00:00:00.000Z
Sentiment: bullish
Topics: earnings, revenue, beverage, quarterly-report
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
What were Monster Beverage's net sales for the second quarter of 2024?
Monster Beverage's net sales for the three months ended June 30, 2024, were $1.97 billion.
What was the company's gross profit in Q2 2024?
The gross profit for the three months ended June 30, 2024, was $943.5 million.
How much was the net income attributable to Monster Beverage Corporation in the second quarter?
Net income attributable to Monster Beverage Corporation for the three months ended June 30, 2024, was $634.1 million.
What was the diluted earnings per share for the period ending June 30, 2024?
The diluted earnings per share for the three months ended June 30, 2024, was $0.59.
What is the company's fiscal year end?
Monster Beverage Corp.'s fiscal year ends on December 31.
From the Filing
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