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 reports recurring developments tied to its energy drink portfolio, beverage segment performance and brand activity. Company updates focus on Monster Energy, Reign Total Body Fuel, Reign Storm, Bang Energy and related products within the Monster Energy Drinks segment, along with disclosures that separate or adjust for the Alcohol Brands segment and foreign currency effects.
News also covers quarterly and annual financial results, investor meeting and conference call announcements, and consumer-facing Monster Energy promotions. These items reflect the company’s operating focus on branded ready-to-drink beverages, product-line performance, marketing activations and public-company communications.
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 The call will be accessible to all investors via a live audio webcast, with an archived version available on the company’s website for one year.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.
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.