🔹 Revenue: $1.85B (Est. $1.981B) 🔴; -2.3% YoY
🔹 EPS: $0.45 (Est. $0.46) 🔴; +7.4% YoY
Segment Revenue Performance
🔹 Monster Energy Drinks: $1.72B; DOWN slightly YoY
🔹 Strategic Brands: $98.3M; DOWN -9.3% YoY (foreign currency adjusted: -3.3%)
🔹 Alcohol Brands: $34.7M; DOWN -38.1% YoY
🔹 Other Segment: $6.0M; UP +8.0% YoY
🔹 Intl. Revenue: $733.2M; DOWN -1.5% YoY (FX-adjusted: $790.5M; UP +6.2%)
Other Metrics:
🔹 Gross Margin: 56.5% (vs. 54.1% YoY)
🔹 Oper Income: $569.7M; UP +5.1% YoY
🔹 Net Income: $443M; UP +0.2% YoY
🔹 Oper Expenses: $478.2M (vs. $485.1M YoY)
🔹 Distribution Expenses: $77.6M (4.2% of net sales vs. 5.0% YoY)
🔹 Cash Used for Debt Repayment: $375M in Q1 + April
🔹 Cash Available for Buyback: $500M
Commentary from Co-CEOs
🔸 “Revenue impacted by distributor ordering patterns, FX headwinds, weather, and fewer selling days.” – Hilton Schlosberg
🔸 “Monster Energy Ultra Blue Hawaiian became a top U.S. seller quickly.” – Rodney Sacks
🔸 “Gross margin improvement driven by pricing actions and supply chain optimization.”
🔸 “Alcohol Brands continue to weigh on results, but innovation and cost alignment are in focus.”
🔸 “Strong growth in April retail sales and share gains in key geographies.”