$MNST (+1,14%) | Monster Beverage Q3 Earnings Highlights:

🔹 Revenue: $1.88B (Est. $1.91B) 😕; UP +1.3% YoY

🔹 EPS: $0.38 (Est. $0.43) 🔴

🔹 Net Income: $370.9M; DOWN -18.1% YoY

Segment Revenue:

🔹 Monster Energy Drinks: $1.72B; UP +0.8% YoY

🔹 Strategic Brands: $112.6M; UP +14% YoY

🔹 Alcohol Brands: $39.8M; DOWN -6% YoY

🔹 Other: $5.9M; DOWN -11.5% YoY

Other Key Metrics:

🔹 Gross Margin: 53.2% vs 53.0% YoY

🔹 Operating Margin: 25.5% vs 27.5% YoY

🔹 International Sales: $760.1M; UP +3.6% YoY

Business Highlights:

🔸 Implemented ~5% price increase in US effective Nov 1, 2024

🔸 Launched Monster Energy Ultra Vice Guava in October

🔸 Restructured Alcohol Brands segment

🔸 Repurchased 11.3M shares at an average price of $47.32

CEO Commentary:

🔸 "The energy drink category continues to grow globally, showing resilience, with improvements noted in the US convenience channel in October."