$MNST (-0,16ย %) | Monster Beverage Q3 Earnings Highlights:
๐น Revenue: $1.88B (Est. $1.91B) ๐; UP +1.3% YoY
๐น EPS: $0.38 (Est. $0.43) ๐ด
๐น Net Income: $370.9M; DOWN -18.1% YoY
Segment Revenue:
๐น Monster Energy Drinks: $1.72B; UP +0.8% YoY
๐น Strategic Brands: $112.6M; UP +14% YoY
๐น Alcohol Brands: $39.8M; DOWN -6% YoY
๐น Other: $5.9M; DOWN -11.5% YoY
Other Key Metrics:
๐น Gross Margin: 53.2% vs 53.0% YoY
๐น Operating Margin: 25.5% vs 27.5% YoY
๐น International Sales: $760.1M; UP +3.6% YoY
Business Highlights:
๐ธ Implemented ~5% price increase in US effective Nov 1, 2024
๐ธ Launched Monster Energy Ultra Vice Guava in October
๐ธ Restructured Alcohol Brands segment
๐ธ Repurchased 11.3M shares at an average price of $47.32
CEO Commentary:
๐ธ "The energy drink category continues to grow globally, showing resilience, with improvements noted in the US convenience channel in October."