Monster Beverage Corp - MNST STOCK NEWS

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 Interested investors can join the live audio webcast via the company's website, with an archived version available for one year.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.

Monster Beverage Corporation (NASDAQ: MNST) reported a 17.6% increase in fourth-quarter net sales, reaching $1.20 billion, and an 85.0% surge in net income to $471.7 million. The diluted earnings per share rose 87.5% to $0.88, driven by a non-recurring tax benefit of $165.1 million. Despite challenges from the COVID-19 pandemic, particularly in Europe, the company's sales outside the U.S. grew 20.4%. Gross profit margin decreased to 57.7% due to product returns and increased costs, while operating expenses fell to 24.1% of net sales.

Monster Beverage Corporation (NASDAQ: MNST) is set to announce its fourth quarter and full-year results for 2020 on February 25, 2021, after market close. Co-CEOs Rodney Sacks and Hilton Schlosberg will conduct a conference call at 2 p.m. Pacific Time to discuss the financial performance and operational strategies. The call will be accessible to investors via a live audio webcast. Recorded access will be available for approximately one year, ensuring all stakeholders can review the insights shared during the call.

Monster Beverage Corporation (NASDAQ:MNST) announces a leadership change with Hilton H. Schlosberg elected as Co-Chief Executive Officer alongside Rodney C. Sacks. Schlosberg, who has been with the company for over 30 years, will resign from his previous roles including President and Chief Financial Officer. Thomas J. Kelly has been appointed as Chief Financial Officer, succeeding Schlosberg. Sacks will continue as Chairman of the Board, strengthening the company's leadership continuity.