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 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.
Monster Beverage Corporation (NASDAQ:MNST) announced a virtual investor meeting scheduled for January 14, 2021, at 4:30 p.m. Eastern Time. The meeting will feature Chairman and CEO Rodney Sacks, alongside Vice Chairman and President Hilton Schlosberg, who will discuss updates on the Company's business and operations. All interested parties can access the presentation via the Company's website and will have the option to view an archived version for a year post-event.
Monster Beverage Corporation reported a 16.3% increase in net income for Q3 2020, totaling $347.7 million, and a 19.6% rise in net income per diluted share to $0.65. Net sales jumped 9.9% to $1.25 billion, setting a record for the company.
Despite challenges posed by the COVID-19 pandemic, with a shift towards at-home consumption, international sales rose 17.0%. The company maintains a strong cash position of $1.07 billion and anticipates no material liquidity issues.
Monster Beverage Corporation (NASDAQ:MNST) announced the appointment of James L. Dinkins to its board, representing European Refreshments, a subsidiary of The Coca-Cola Company. Dinkins replaces Kathleen E. Ciaramello, who will step down effective November 1, 2020. Dinkins has a vast history with Coca-Cola, having held various high-level positions since 1988 and most recently serving as President of Coca-Cola North America until August 2020. This leadership change follows Coca-Cola's recent organizational restructuring.