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 September 30, 2023 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 (Address of prin ...

Monster Beverage Corporation (NASDAQ:MNST) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Rodney Sacks - Co-Chief Executive Officer Hilton Schlosberg - Vice Chairman and Co-CEO Tom Kelly - Chief Financial Officer Conference Call Participants Peter Grom - UBS Drew Levine - JPMorgan Vivien Azer - TD Cowen Charlie Higgs - Redburn Atlantic Mark Astrachan - Stifel Michael Lavery - Piper Sandler Operator Good afternoon. And welcome to the Monster Beverage Company Third Quarter 2 ...

Monster Beverage Corporation (NASDAQ:MNST) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Rodney Sacks - Co CEO & Chairman Hilton Schlosberg - Co CEO & Vice Chairman Tom Kelly - CFO Conference Call Participants Peter Grom - UBS Andrea Teixeira - JPMorgan Filippo Falorni - Citi Peter Galbo - Bank of America Chris Carey - Wells Fargo Securities Bonnie Herzog - Goldman Sachs Operator Good day, and welcome to the Monster Beverage Corporation Second Quarter 2023 Financial Results ...

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 June 30, 2023 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 (Address of principal ...

Monster Beverage Corporation (MNST) Q1 2023 Earnings Conference Call May 4, 2023 5:53 PM ET Corporate Participants Rodney Sacks - Chief Executive Officer Hilton Schlosberg - Vice Chairman and Co-CEO Tom Kelly - Chief Financial Officer Conference Call Participants Peter Grom - UBS Filippo Falorni - Citi Bonnie Herzog - Goldman Sachs Chris Carey - Wells Fargo Securities Andrea Teixeira - JPMorgan Mark Astrachan - Stifel Operator Good afternoon, and welcome to the Monster Beverage Corporation First Quarter 202 ...

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, 2023 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 (Address of principa ...

Financial Data and Key Metrics Changes - The company achieved record fourth quarter net sales of $1.51 billion in Q4 2022, a 6.2% increase from $1.43 billion in Q4 2021, and an 11.9% increase on a foreign currency adjusted basis [5] - Gross profit as a percentage of net sales for Q4 2022 was 51.8%, down from 53.9% in Q4 2021, primarily due to increased ingredient costs and logistical expenses [6][7] - Operating income for Q4 2022 decreased 4.5% to $394.4 million from $412.9 million in Q4 2021, and net income decreased 6.1% to $301.7 million [11] - Diluted earnings per share for Q4 2022 decreased 4.9% to $0.57 from $0.60 in Q4 2021 [11] Business Line Data and Key Metrics Changes - Sales of the company's energy brands, including Reign, were up 12.1% in the 13-week period ending February 11, 2023 [12] - Sales of Monster increased by 11.3%, while Reign sales increased by 15.6% [13] - The company continues to experience significant increases in distribution expenses, primarily due to higher warehousing expenses [9] Market Data and Key Metrics Changes - Net sales to customers outside the US were $542.5 million, accounting for 35.9% of total net sales in Q4 2022, compared to $508.1 million or 35.7% in Q4 2021 [22] - In EMEA, net sales decreased 2.3% in dollars but increased 14.7% in local currencies over the same period in 2021 [23] - In Latin America, net sales increased 45.2% in dollars and 57.7% in local currencies over the same period in 2021 [25] Company Strategy and Development Direction - The company plans to implement price increases in various international markets to mitigate inflationary pressures [12] - The company is focusing on product availability and solidifying long-term growth despite supply chain challenges [5] - The company is optimistic about its innovation pipeline, including new product launches in both alcoholic beverages and energy drinks [28][29] Management's Comments on Operating Environment and Future Outlook - Management noted that some cost pressures are expected to be transitory, while others remain challenging [40] - The company is seeing improvements in gross profit margins on a sequential basis due to supply chain normalization [36] - Management expressed optimism about the future of the company and its growth strategy, particularly in capitalizing on relationships with bottling partners [66] Other Important Information - The company announced a 2-for-1 stock split effective March 27, 2023 [35] - The company purchased approximately 2.3 million shares of its common stock for a total amount of $201.6 million during Q4 2022 [35] Q&A Session Summary Question: Can you frame how much of the drag on gross margin is still a result of these imported cans? - Management indicated that the impact from imported cans is not significant and will be resolved as they cycle through existing inventories [42] Question: Would you expect sequential gross margin improvement from here? - Management did not provide specific guidance but noted that pricing increases and decreasing commodity costs could support margin recovery [44][46] Question: How do you think about the relative affordability of Monster and energy drinks broadly in the US after the price increase? - Management highlighted that Monster's pricing remains competitive compared to other beverage categories and plans to monitor opportunities for further price increases [55] Question: Can you talk about your expectations for your innovation pipeline in 2023? - Management expressed confidence in a robust innovation pipeline, with positive initial responses to new products and plans for increased shelf space [58][59]

Market Overview - The alternative beverage category in the U.S. reached approximately $72.9 billion in wholesale sales in 2022, marking a 10.4% increase from $66.1 billion in 2021[10]. - Net sales outside the United States reached $2.36 billion in 2022, up from $2.04 billion in 2021 and $1.51 billion in 2020, indicating strong international growth[46]. - U.S. full service bottlers/distributors accounted for 48% of gross billings in 2022, down from 51% in 2021 and 56% in 2020[74]. - International full service bottlers/distributors represented 39% of gross billings in 2022, consistent with 2021, and up from 34% in 2020[74]. - Club stores and e-commerce retailers contributed 9% to gross billings in 2022, an increase from 8% in 2021 and 2020[74]. Product Segments - The company has four operating segments: Monster Energy® Drinks, Strategic Brands, Alcohol Brands, and Other, each contributing to its overall revenue[11]. - The Monster Energy® Drinks segment generates higher per case net operating revenues but lower per case gross profit margin percentages compared to the Strategic Brands segment[14]. - The Alcohol Brands segment primarily generates revenues from kegged and ready-to-drink canned beers, hard seltzers, and flavored malt beverages[14]. - The Strategic Brands segment generates revenues by selling concentrates and beverage bases to authorized bottling operations[13]. - The company’s alcohol brands segment includes craft beers and hard seltzers, expanding its product offerings in the beverage market[30]. Product Development and Innovation - In 2022, the company introduced several new products, including Java Monster® Cold Brew Latte and Monster Energy® Ultra Peachy Keen®, enhancing its energy drink portfolio[17]. - The company continues to develop and market a wide range of energy drinks, including new flavors and product lines to meet consumer demand[17]. - The company continues to evaluate and introduce additional products and flavors to complement existing product lines[33]. - The company has discontinued certain products in 2022, but these did not materially impact its financial position or results[17]. - In 2022, new product introductions included 15 new energy drink variants, such as Java Monster® Cold Brew Latte and Reign Total Body Fuel® Reignbow Sherbet[17]. Distribution and Supply Chain - The company continues to expand distribution agreements for Monster Energy® products, with initial terms of up to twenty years[47]. - The company has entered into various distribution agreements with TCCC network bottlers for both domestic and international markets[51]. - The company is actively seeking additional co-packing facilities globally to mitigate production risks and transportation costs[45]. - The company has established purchase agreements with key suppliers to ensure an adequate supply of packaging and ingredients for the next one to four years[58]. - The principal raw materials include aluminum cans, PET plastic bottles, and various flavor ingredients, with costs subject to fluctuations[54]. Marketing and Sales - The company increased expenditures for sales and marketing programs by approximately 11.4% for the twelve months ended December 31, 2022, compared to the previous year[73]. - Coca-Cola Consolidated, Inc. accounted for approximately 11% of net sales in 2022, down from 12% in both 2021 and 2020[75]. - The energy drink category appears to be less seasonal than traditional beverages, with the second and third quarters accounting for the highest sales volumes[77]. Competition - The company competes with numerous brands in the energy drink category, including Red Bull, Rockstar, and various local brands[66]. - The company’s Java Monster® product line competes directly with Starbucks coffee drinks and other coffee brands[68]. - The company’s Reign Total Body Fuel® and Reign Inferno® compete in the performance energy category against brands like VPX Bang and C4[67]. - The company’s CANarchy family of products competes within the FMB, hard seltzer, and craft beer categories against major producers like Molson Coors and AB InBev[69]. Regulatory Environment - The company is subject to various regulations regarding product formulation, labeling, and advertising, including California Proposition 65[85]. - New labeling requirements are being considered in several countries, which may necessitate changes to product labels[88]. - Legislation imposing excise taxes on sweetened beverages has been proposed in the U.S., with taxes generally ranging from $0.01 to $0.02 per ounce[91]. - The company faces increasing regulatory issues in new international markets, which may impact its competitive position[64]. - Specific energy drink standards in markets like Tanzania restrict certain ingredients, which may lead to additional costs for compliance[89]. Workforce and Diversity - As of December 31, 2022, the company has a total of 5,296 employees across 72 countries, with 3,611 in North America and 1,043 in Europe, the Middle East, and Africa (EMEA)[103]. - Approximately 43% of U.S. employees belong to underrepresented groups, and 36% are female[104]. - The company has established an Equality, Diversity and Inclusion (EDI) Leadership Advisory Group to enhance diversity and inclusion efforts[104]. - The company offers various training and development programs, including a mid-level manager development program and a leadership development platform[105]. - Compensation packages are designed to attract and retain talent, with multiple short-term and long-term incentive programs[106].

Monster Beverage Corporation (NASDAQ:MNST) Q3 2022 Results Conference Call November 3, 2022 5:00 PM ET Company Participants Rodney Sacks - Chief Executive Officer Hilton Schlosberg - Vice Chairman and Co-CEO Tom Kelly - Chief Financial Officer Conference Call Participants Andrea Teixeira - JPMorgan Dara Mohsenian - Morgan Stanley Bonnie Herzog - Goldman Sachs Kevin Grundy - Jefferies Mark Astrachan - Stifel Peter Galbo - Bank of America Operator Good afternoon, everyone, and welcome to the Monster Beverage ...