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) 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.
Monster Beverage Corporation (NASDAQ: MNST) reported first-quarter net sales of $1.52 billion, a 22.1% increase from $1.24 billion in 2021. Gross profit margin fell to 51.1% due to rising freight, fuel, and aluminum costs, while operating expenses rose to $377.2 million. The recent acquisition of CANarchy Craft Brewery Collective for $330.4 million is expected to enhance product portfolio. Despite positive sales growth, net income decreased 6.7% to $294.2 million and net income per diluted share fell 6.8% to $0.55.
Monster Beverage Corporation (NASDAQ: MNST) will report its first-quarter results for the period ending March 31, 2022, on May 5, 2022, post-market close. Co-CEOs Rodney Sacks and Hilton Schlosberg will host an investor conference call at 2 p.m. Pacific Time on the same day to discuss the financial results and company operations. The call will be accessible to all investors via a live audio webcast, with an archived version available on the company’s website for one year.
Monster Beverage Corporation (NASDAQ: MNST) reported record fourth quarter net sales of $1.43 billion, a 19.1% increase from last year, and annual net sales of $5.54 billion, marking a 20.5% growth. Despite challenges from global supply chain disruptions, increased aluminum can costs, and ingredient shortages, the company achieved solid results. Net income for Q4 fell to $321.3 million, down 31.9%, while EPS decreased to $0.60. The acquisition of CANarchy Craft Brewery Collective expands its portfolio into alcohol beverages, enhancing growth opportunities.
Monster Beverage Corporation (NASDAQ: MNST) will report its fourth quarter and full-year results for 2021 on February 24, 2022, after market close. The Co-CEOs, Rodney Sacks and Hilton Schlosberg, will host a conference call at 2 p.m. Pacific Time the same day to discuss the company's financial performance and operational updates. Investors can access the call through a live audio webcast on the company's website, with an archive available for one year.
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.