Financial Data and Key Metrics Changes - The company achieved record third quarter net sales of $1.86 billion, a 14.3% increase from $1.62 billion in the same period of 2022, and a 16.1% increase on a foreign currency adjusted basis [6] - Gross profit as a percentage of net sales for the third quarter was 53%, compared to 51.3% in the same quarter of 2022, with an increase to 53.4% when excluding the Bang Inventory Step-Up [7] - Operating income for the third quarter increased by 22.2% to $510.5 million from $417.9 million in the previous year [8] - Net income rose 40.4% to $452.7 million compared to $322.4 million in the third quarter of 2022, with diluted earnings per share increasing 41.3% to $0.43 from $0.30 [9] Business Line Data and Key Metrics Changes - Sales of the company's energy brands excluding Bang increased by 6.7% in the 13-week period ending October 21, 2023, with Monster sales up 4.8% and Reign sales up 36.3% [10] - In the four-week period ending October 21, 2023, sales of Monster increased by 1.9%, while Reign sales increased by 35.2% [11] - The company recorded a gain of $45.4 million related to the Bang Transaction, which was included in interest and other income [5] Market Data and Key Metrics Changes - Net sales to customers outside the U.S. were $733.7 million, representing 39.5% of total net sales in the third quarter, compared to $610.6 million or 37.6% in the same quarter of 2022 [19] - In EMEA, net sales increased by 22.3% in dollars and 23.6% in local currencies compared to the same period in 2022 [20] - In Latin America, net sales increased by 25.2% in dollars and 38.8% in local currencies over the same period in 2022 [22] Company Strategy and Development Direction - The company plans to implement additional price increases in certain international markets to mitigate inflationary pressures [9] - The launch of new products such as Nasty Beast Hard Tea and the expansion of the Beast Unleashed distribution are part of the company's strategy to enhance its portfolio [24][30] - The company aims to regain distribution for Bang Energy and is focusing on positioning it as a lifestyle brand separate from its energy beverages [43] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future of the company, highlighting strong performance in October and the potential of the Bang brand [36][51] - The company noted that pricing actions implemented to mitigate inflation have not significantly impacted consumer demand [29] - Management acknowledged the competitive landscape, particularly regarding Red Bull, and emphasized the importance of monitoring pricing strategies [50] Other Important Information - The company purchased approximately 7.3 million shares of its common stock at an average price of $54.83 per share, totaling $400 million [26] - The company continues to focus on innovation and differentiation of its brands, capitalizing on its relationship with the Coca-Cola bottler system [60] Q&A Session Summary Question: Contribution of Bang Transaction to sales and quarter-to-date trends - Management did not provide separate sales numbers for Bang, indicating that it is included within the Monster Energy Drinks segment, and noted that the October sales were strong due to unmeasured channels [34][36] Question: Improving distribution for Bang and market share dynamics - Management is working with Coke bottlers to regain distribution for Bang and is optimistic about extending shelf space without compromising existing brands [40][41] Question: Growth in China and Predator launch - The company is focusing on main SKUs in China, with plans to launch Predator in the second quarter of next year [46][47] Question: Pricing strategies and competition with Red Bull - Management indicated that it takes 60 to 90 days to adjust pricing in the U.S. market and is closely monitoring Red Bull's pricing actions [50][51] Question: Portfolio strategy and brand positioning - Monster remains the lead brand, with a focus on maintaining its authenticity while leveraging other brands to capture different consumer segments [54][56]

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 ...

Monster Beverage Corporation (NASDAQ:MNST) Q2 2022 Earnings Conference Call August 4, 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 Bonnie Herzog - Goldman Sachs Andrea Teixeira - JPMorgan Mark Astrachan - Stifel Peter Grom - UBS Kaumil Gajrawala - Credit Suisse Charlie Higgs - Redburn Operator Good day to everyone. My name is Devin, and I will be your op -- your confer ...