Welcome to our dedicated page for Monster Beverage news (Ticker: MNST), a resource for investors and traders seeking the latest updates and insights on Monster Beverage stock.
Monster Beverage Corporation (NASDAQ: MNST) is a holding company based in Corona, California whose consolidated subsidiaries develop and market a broad portfolio of branded beverages. Company news frequently highlights developments across its energy drink lines, including Monster Energy® drinks, Monster Energy Ultra® energy drinks, Juice Monster® Energy + Juice energy drinks, Java Monster® non-carbonated coffee + energy drinks, Monster Killer Brew™ Triple Shot, Rehab® Monster® non-carbonated energy drinks, Monster Energy® Nitro energy drinks, Reign® Total Body Fuel high performance energy drinks, Reign Storm® total wellness energy drinks, NOS® energy drinks, Full Throttle® energy drinks, Bang Energy® drinks, BPM® energy drinks, BU® energy drinks, Burn® energy drinks, Live+® energy drinks, Mother® energy drinks, Nalu® energy drinks, Play® and Power Play® (stylized) energy drinks, Relentless® energy drinks, Samurai® energy drinks, Ultra Energy® drinks, Predator® energy drinks and Fury® energy drinks.
News releases also cover the company’s still and sparkling waters under the Monster Tour Water® brand name, as well as craft beers, flavored malt beverages and hard seltzers marketed under brands such as Jai Alai® IPA, Dale’s Pale Ale®, Dallas Blonde®, Wild Basin® hard seltzers, The Beast™, Beast™ Tea, Nasty Beast® hard tea, Blind Lemon®, Blinder Lemon™ and Michi™. Regular earnings announcements provide detail on net sales, segment performance for the Monster Energy® Drinks, Strategic Brands, Alcohol Brands and Other segments, and management commentary on factors such as pricing actions, supply chain optimization and geographical sales mix.
Investors following MNST news can also expect updates on investor conference calls, webcasts, Annual Meetings of Stockholders, responses to short-seller reports and company perspectives on unsolicited mini-tender offers. Stock Titan’s MNST news page aggregates these official press releases and related coverage so readers can review the company’s latest operating results, corporate communications and brand-related announcements in one place.
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.
Monster Beverage Corporation (NASDAQ: MNST) will report its third quarter results on November 3, 2022, after market close. The co-CEOs, Rodney Sacks and Hilton Schlosberg, will host a conference call at 2 p.m. Pacific Time to discuss the financial results and operations. Investors can access the live audio webcast through the company's website, and an archived version will be available for approximately one year. The company, based in Corona, California, is known for its extensive range of energy drinks and has expanded its portfolio through recent acquisitions.
Monster Beverage Corporation (NASDAQ: MNST) reported second quarter net sales of $1.66 billion, a 13.2% increase from $1.46 billion year-over-year. Adjusted for foreign currency, sales rose 16.9%. Despite solid revenue growth, profitability was adversely impacted by increased costs in freight, ingredients, and production inefficiencies, leading to a gross profit margin decrease to 47.1% from 57.2%. Net income fell 32.3% to $273.4 million, or $0.51 per diluted share. The company plans price increases starting September 1, 2022, and aims to mitigate supply chain costs while launching new products, including Monster Energy® Zero Sugar.
Monster Beverage Corporation (NASDAQ: MNST) will report its second quarter results on August 4, 2022, after market close. Co-CEOs Rodney Sacks and Hilton Schlosberg will host an investor conference call at 2 p.m. PT the same day to discuss financial results and operations. Investors can listen live via webinar at www.monsterbevcorp.com. The call will be archived for about a year for those unable to attend.
Monster Beverage Corporation (NASDAQ:MNST) has authorized a new share repurchase program amounting to $500 million. As of June 14, 2022, approximately $157.4 million remains from the previous program. The repurchases will be conducted in the open market or through negotiated transactions, depending on market conditions. The company cautions that the timing and execution of these repurchases could be affected by various factors, including regulatory approvals and market conditions.
Monster Beverage Corporation (NASDAQ:MNST) will host a live webcast of its Annual Meeting of Stockholders on June 14, 2022, at 2:30 p.m. Pacific Time. The meeting will allow stockholders of record, as of April 21, 2022, to vote electronically. Those without a control number may attend but cannot vote. The event will also be archived for one year on the company's website. Monster Beverage, based in Corona, California, develops and markets energy drinks, including the popular Monster Energy brand, which was expanded through the acquisition of CANarchy Craft Brewery Collective in February 2022.
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