Monster Beverage Corp Stock Price, News & Analysis

Monster Beverage Corporation (NASDAQ: MNST) will report its first quarter results for the period ending March 31, 2023, on May 4, 2023, after market close. The Co-CEOs, Rodney Sacks and Hilton Schlosberg, will host a conference call on the same day at 2 p.m. Pacific Time to discuss the financial results and company operations. Investors can access the call via a live audio webcast at www.monsterbevcorp.com. The conference call will also be archived for approximately one year.

Headquartered in Corona, California, Monster Beverage Corporation focuses on developing and marketing a wide range of energy drinks and other beverages, including popular brands like Monster Energy®, Reign, and Java Monster®.

Monster Beverage Corporation (NASDAQ: MNST) reported record fourth-quarter net sales of $1.51 billion, a 6.2% increase from the prior year. Adjusted for adverse foreign currency effects of $81.9 million, sales rose 11.9%. Gross profit margin was 51.8%, up from 51.3% in Q3 2022. The company launched new products like Monster Energy Zero Sugar and The Beast Unleashed, amid global distribution expansion. However, net income fell 6.1% to $301.7 million, while operating income also decreased by 4.5%. The board announced a 2-for-1 stock split set for March 2023.

Monster Beverage Corporation (NASDAQ: MNST) will report its Q4 and full-year results for 2022 on February 28, 2023, following the market close. Co-CEOs Rodney Sacks and Hilton Schlosberg will host a conference call at 2 p.m. PT on the same day to discuss the financial results and operational insights. The call will be accessible to investors via a live audio webcast on the company's website, which will also host an archived version for one year. Monster Beverage specializes in a wide variety of energy drinks and other beverages, highlighting its diversified product portfolio.

Monster Beverage Corporation has announced that its Audit Committee has approved Ernst & Young LLP as the independent auditor for the fiscal year ending December 31, 2023. This decision follows a review process and is not related to any disagreements with the current auditor, Deloitte & Touche LLP, which will continue its role for the fiscal year ended December 31, 2022. Based in Corona, California, Monster Beverage develops and markets a wide range of energy drinks and beverages, including popular brands like Monster Energy and Reign. The company's recent auditor change aims to maintain transparency and enhance financial reporting.

Monster Beverage Corporation (NASDAQ: MNST) will host a virtual investor meeting on January 17, 2023, at 4:30 p.m. ET, led by Co-CEOs Rodney Sacks and Hilton Schlosberg. The meeting aims to update stakeholders on the company's business and operations. Interested parties can access the presentation on the company's website under the "Events & Presentations" section. An archive of the event will be available for approximately one year.

Monster Beverage, based in Corona, California, focuses on developing and marketing energy drinks, including its popular Monster Energy brand and various other beverages.

Monster Beverage Corporation (NASDAQ: MNST) reported a record net sales of $1.62 billion for Q3 2022, up 15.2% year-over-year, with a 20.2% increase on a foreign currency-adjusted basis. The net income decreased by 4.4% to $322.4 million, with earnings per share at $0.60. Elevated costs impacted gross profit margins, which fell to 51.3%. The board authorized a new $500 million share repurchase program. Despite challenges in costs, the company sees strong consumer demand and plans new product launches, including Monster Energy Zero Sugar and flavored malt beverages in 2023.