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Monster Beverage Corporation reports recurring developments tied to its energy drink portfolio, beverage segment performance and brand activity. Company updates focus on Monster Energy, Reign Total Body Fuel, Reign Storm, Bang Energy and related products within the Monster Energy Drinks segment, along with disclosures that separate or adjust for the Alcohol Brands segment and foreign currency effects.
News also covers quarterly and annual financial results, investor meeting and conference call announcements, and consumer-facing Monster Energy promotions. These items reflect the company’s operating focus on branded ready-to-drink beverages, product-line performance, marketing activations and public-company communications.
Monster Beverage Corporation (NASDAQ: MNST) will host its Annual Meeting of Stockholders on June 3, 2020, via live webcast due to COVID-19 precautions. The meeting begins at 2:30 PM PT and can be accessed at www.virtualshareholdermeeting.com/MNST2020. Only shareholders of record as of April 13, 2020, can vote during the meeting using their control numbers. The event will also be archived for a year on the company’s website under the “Events & Presentations” section. Monster Beverage continues to operate primarily through its subsidiaries in developing and marketing energy drinks.
Monster Beverage Corporation (NASDAQ: MNST) reported a 12.3% increase in first-quarter net sales, reaching $1.06 billion compared to $946 million last year. Net income rose 6.6% to $278.8 million, with diluted earnings per share at $0.52, up 8.2%. The company remains focused on health and safety during the COVID-19 pandemic, reporting minimal impact on Q1 sales but noting adverse effects in April. In total, international sales surged 25.6% to $356.8 million, now constituting 33.6% of total net sales.
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