Core Points - Monster Beverage Corporation is amending its modified "Dutch auction" tender offer to purchase shares at a price between $53.00 and $60.00, with a maximum aggregate purchase price of up to $3.0 billion [1] - The tender offer commenced on May 8, 2024, and will expire on June 5, 2024, unless extended or terminated earlier [1] - Monster has entered into a new credit agreement for a $750 million three-year delayed draw senior term loan and a $750 million five-year senior revolving credit facility [2] - The tender offer was initially conditioned on the credit agreement and at least $1.0 billion being funded under the Term Loan and RCF, but this condition has been waived [2] - Certain family members of Monster's co-CEOs intend to tender a total of 10 million shares, along with individual tenders from the co-CEOs [3] Financial Details - Monster plans to borrow $750 million under the new credit agreement and use $2.25 billion in cash on hand to complete the tender offer [2] - The tender offer is subject to the terms outlined in the Offer to Purchase and related documents [4] Management and Advisory - Evercore Group L.L.C. and J.P. Morgan Securities LLC are acting as dealer managers for the tender offer, with D.F. King & Co., Inc. serving as the information agent [5] - Shareholders are encouraged to read the tender offer materials carefully for important information [5]

Core Viewpoint - Monster Beverage Corporation is amending its modified Dutch auction tender offer to purchase shares of its common stock for cash at a price between $53.00 and $60.00, with a maximum aggregate purchase price of up to $3.0 billion [1] Group 1: Tender Offer Details - The tender offer commenced on May 8, 2024, and will expire on June 5, 2024, unless extended or terminated earlier [1] - The tender offer was originally conditioned on entering a new credit agreement and funding at least $1.0 billion under the Term Loan and Revolving Credit Facility prior to the expiration of the tender offer [2] - Monster intends to use $2.25 billion in cash on hand and expects to borrow $750 million under a new credit agreement to consummate the tender offer, waiving the Financing Condition [2] Group 2: Shareholder Participation - Sterling Trustees LLC intends to tender up to 10,000,000 shares on behalf of certain family members of Monster's co-CEOs, subject to market conditions [3] - Co-CEO Hilton Schlosberg plans to tender up to 350,000 shares he beneficially owns, while co-CEO Rodney Sacks intends to tender up to 610,000 shares he beneficially owns, both subject to market conditions [3] Group 3: Financial and Legal Advisors - Evercore Group L.L.C. and J.P. Morgan Securities LLC are acting as dealer managers for the tender offer, while D.F. King & Co., Inc. serves as the information agent [5] - The Offer to Purchase and related documents have been filed with the SEC, and shareholders can obtain these documents from the SEC's website [5]

Company Overview - Monster Beverage (NASDAQ:MNST) is a major player in the energy drink market, known for its innovative products and strong brand portfolio, including Monster Energy, Burn, and Bang Energy [2][3] - The company generated 65% of its revenues from the U.S. and Canada, with the remaining 35% from international markets [3] - Monster Energy Drinks account for 92% of total revenues, indicating a dominant position in the non-alcoholic beverage segment [3] Financial Performance - In Q1 FY24, revenues increased by 11.8%, with the Monster Energy segment growing by 10.7% and other segments collectively seeing over 20% growth [5] - The company has achieved a 15-year CAGR of 13.8% in revenues, significantly outperforming the S&P 500's 5.2% CAGR [8] - Gross margins are over 50%, and net income margins are in the low 20s, reflecting high profitability [8][9] Market Position and Competition - MNST has a strategic partnership with Coca-Cola, which acquired a 16.7% stake in 2015, enhancing its market position [4] - The energy drinks market is expected to grow between 5.9% and 8.5% in the mid-term, with MNST projected to grow faster than the overall market [5] - Competitors include Red Bull and Celsius Holdings, with Celsius showing impressive growth but remaining a smaller player [3][5] Valuation and Growth Potential - The company is currently trading at a lower PE ratio compared to its historical average, suggesting it may be undervalued [15][16] - A target price of $61.5 for FY24 and $65.3 for one year from now has been established based on expected EPS growth [15] - MNST's strong cash position of $2.6 billion and minimal debt allows for continued share repurchase programs, enhancing shareholder value [9][17] Strategic Outlook - The company is focusing on diversifying its product offerings to include 'better for you' options in response to increasing health awareness [17] - Distribution agreements with Coca-Cola and strong presence in U.S. convenience stores bolster its market dominance [17] - Despite facing competition and potential risks from market saturation, MNST's strong brand and innovative pipeline position it well for future growth [17][18]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 Commission File Number 001-18761 MONSTER BEVERAGE CORPORATION (Exact name of registrant as specified in its charter) Delaware 47-1809393 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1 Monster Way Corona, California 92879 (A ...

Monster Beverage Corporation (NASDAQ:MNST) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Rodney Sacks - Co-Chief Executive Officer and Chairman Hilton Schlosberg - Vice Chairman and Co-CEO Thomas Kelly - Chief Financial Officer Conference Call Participants Filippo Falorni - Citi Andrea Teixeira - JPMorgan Peter Grom - UBS Christopher Carey - Wells Fargo Bonnie Herzog - Goldman Sachs Kaumil Gajrawala - Jefferies Michael Lavery - Piper Sandler Mark Astrachan - Stifel Operator Go ...

Exhibit 99.1 PondelWilkinson Inc. 2945 Townsgate Road, Suite 200 Westlake Village, CA 91361 Investor Relations T (310) 279 5980 Strategic Public Relations W www.pondel.com CONTACTS: Rodney C. Sacks Chairman and Co-Chief Executive Officer (951) 739-6200 Hilton H. Schlosberg NEWS Vice Chairman and Co-Chief Executive Officer RELEASE (951) 739-6200 Roger S. Pondel / Judy Lin PondelWilkinson Inc. (310) 279-5980 MONSTER BEVERAGE REPORTS 2024 FIRST QUARTER RESULTS -- Record First Quarter Net Sales Rise 11.8 Percen ...

Core Viewpoint - Monster Beverage Corporation is expected to report revenue and earnings growth for the first quarter of 2024, with revenues projected at $1.92 billion, reflecting a 13.1% increase year-over-year, and earnings estimated at 44 cents per share, indicating a 15.8% growth from the previous year [1] Group 1: Performance Expectations - The company has shown continued strength in its energy drinks category, driven by product innovation and expansion, which is anticipated to positively impact both top and bottom-line performance in the first quarter [2] - Positive trends are expected in the Monster Energy family of brands and strength in Strategic and Affordable energy brands, supported by a steady lineup of product launches and a strong distribution network in international markets [2] Group 2: Cost Management and Pricing Strategy - Price increases, along with lower freight-in costs and reduced aluminum can costs, have contributed to robust margins, with management strategically adjusting pricing to offset inflationary pressures while maintaining customer loyalty [3] - The company implemented price hikes in Q4 2023, with additional hikes planned for 2024, which are expected to bolster margins and revenue in the upcoming quarter [3] Group 3: Industry Challenges - The beverage industry presents challenges for Monster Beverage, including rising costs and shifts in consumer preferences affecting soda and energy drink volumes [4] - Increased product-mix costs and higher advertising expenses have pressured profits and margins [4] Group 4: Earnings Prediction Model - The current model indicates that Monster Beverage does not conclusively predict an earnings beat, with an Earnings ESP of -2.33% and a Zacks Rank of 3 [5]

CORONA, Calif., April 26, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) announced today that results for its first quarter ended March 31, 2024, will be reported on Thursday, May 2, 2024, after the close of the market. The company also said that Co-Chief Executive Officers, Rodney Sacks and Hilton Schlosberg, will host an investor conference call that same day at 2 p.m. Pacific Time to review the company's financial results and operations. The call will be open to all interested invest ...

Core Viewpoint - Monster Beverage Corporation is positioned for growth due to its strong business strategies, expansion in the energy drinks category, and successful product launches [1]. Group 1: Business Performance - The company has seen its shares increase by 18% over the past year, outperforming the industry growth of 4.9% [1]. - In the fourth quarter of 2023, net sales in the Monster Energy Drinks segment rose by 15.1% year over year [2]. - The Zacks Consensus Estimate for 2024 sales is projected at $7.96 billion, reflecting an 11.5% year-over-year growth [4]. Group 2: Product Innovation - Monster Beverage has launched several new products in various international markets, including Monster Aussie Lemonade in Japan and Monster Mango Loco in the Philippines [3]. - The company has expanded the distribution of its flavored malt beverage, The Beast Unleashed, into additional markets with plans for nationwide distribution in the U.S. [3]. Group 3: Pricing Strategy - The company has implemented price hikes in the fourth quarter of 2023 to counter rising commodity costs and inflation, contributing to an expansion of gross margin by 240 basis points [4]. - Monster Beverage is actively monitoring opportunities for further pricing actions both in the U.S. and internationally [4]. Group 4: Analyst Sentiment - Analysts are optimistic about Monster Beverage, with a Zacks Rank of 3 (Hold) and a Momentum Score of A [1]. - The earnings per share estimate for 2024 is $1.81, indicating a year-over-year growth of 16.8% [4].

Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.Now that we know how important earnings and earni ...