Monster Beverage Corp Stock Price, News & Analysis

Monster Beverage Corporation has announced its agreement to acquire CANarchy Craft Brewery Collective for $330 million in cash. This strategic move aims to facilitate Monster's entry into the alcoholic beverage sector and expand its product offerings. The acquisition will include popular brands such as Cigar City, Oskar Blues, and Deep Ellum, while CANarchy will operate independently under its existing management. The deal is expected to close in the first quarter of 2022, pending regulatory approvals.

Monster Beverage Corporation (NASDAQ: MNST) will hold a virtual investor meeting on January 13, 2022, at 4:30 p.m. ET, conducted 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 Interested parties can access the presentation via the Monster Beverage website, with an archived version available for one year afterward.

Monster Beverage Corporation (NASDAQ: MNST) reported a record net sales increase of 13.2% to $1.41 billion in Q3 2021, up from $1.25 billion in Q3 2020. The COVID-19 pandemic continues to impact operations, particularly with aluminum can shortages and increased operational costs. Despite these challenges, net income fell only 3.0% to $337.2 million, with net income per diluted share decreasing to $0.63. The company reported cash of $1.71 billion and operating income of $444.5 million.

Monster Beverage Corporation (NASDAQ: MNST) is set to release its third quarter financial results on November 4, 2021, following market close. The company's Co-CEOs, Rodney Sacks and Hilton Schlosberg, will host a conference call at 2 p.m. Pacific Time to discuss the outcomes. Interested investors can join the live audio webcast via the company's website, with an archived version available for one year. Monster Beverage operates through subsidiaries that develop and market a diverse range of energy drinks.

Monster Beverage Corporation (NASDAQ: MNST) reported a record second quarter net sales increase of 33.6% to $1.46 billion and a 29.7% rise in net income to $403.8 million, leading to a net income per diluted share of $0.75. Sales growth was fueled by a 66.4% surge in international sales. Despite these achievements, the company faced challenges including aluminum can shortages and increased operational costs due to supply chain issues. Operating expenses rose to $310.9 million, but operating income still increased to $526 million.

Monster Beverage Corporation (NASDAQ: MNST) will announce its second quarter results on August 5, 2021, after market close. Co-CEOs Rodney Sacks and Hilton Schlosberg will host a conference call that same day at 2 p.m. Pacific Time to discuss these results and the company's operations. The call will be accessible via audio webcast on the company's website, where it will also be archived for one year. The company specializes in developing and marketing a variety of energy drinks.

Monster Beverage Corporation (NASDAQ:MNST) will host a live webcast of its Annual Meeting of Stockholders on June 15, 2021, at 2:30 PM PT. Only stockholders of record as of April 22, 2021, can vote during the meeting. They can access the live webcast at www.virtualshareholdermeeting.com/MNST2021. The meeting will be archived on the company's website for one year under the 'Events & Presentations' section.

Monster Beverage Corporation (NASDAQ: MNST) reported a record first quarter net sales of $1.24 billion, up 17.1% year-over-year, with net income rising 13.0% to $315.2 million. Earnings per diluted share increased 14.2% to $0.59. Despite challenges from the COVID-19 pandemic and aluminum can shortages, the company’s operations remain largely unaffected. International sales grew 28.8%, making up 37% of total sales. However, gross profit as a percentage of sales decreased to 57.5% due to rising input costs and higher promotional allowances.

Monster Beverage Corporation (NASDAQ: MNST) will report its first-quarter results for 2021 on May 6, 2021, after market close. The Co-CEOs, Rodney Sacks and Hilton Schlosberg, will host a conference call at 2 p.m. Pacific Time to discuss these results. Investors can access the call via a live audio webcast on the company’s website. This call provides an opportunity for stakeholders to gain insights into the company’s financial performance and operational strategies.