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 June 30, 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 (Ad ...

Key TakeawaysMonster posted second-quarter revenue and profit below analysts' consensus expectations.Co-CEO Hilton Schlosberg said the energy drinks sector has been hit by declining convenience store foot traffic.The company plans to implement a 5% price increase on November 1. Monster Beverage (MNST) shares sank Thursday, a day after co-Chief Executive Officer (CEO) Hilton Schlosberg acknowledged headwinds in the energy drinks sector in the company's second-quarter earnings report. “The energy drink catego ...

Monster Beverage Corporation (MNST) delivered second-quarter 2024 results, wherein the top and bottom lines lagged their respective Zacks Consensus Estimate. However, both metrics improved year over year on gains from the expansion of the energy drinks category and product launches.Despite the year-over-year improvement, shares of this energy drink and alternative beverage marketer have lost nearly 8% in after-hours trading on Aug 7. We note that Monster Beverage’s shares have lost 8.5% in the past three mo ...

Financial Data and Key Metrics Changes - The company achieved record second quarter net sales of $1.9 billion in Q2 2024, a 2.5% increase from $1.85 billion in Q2 2023, and a 6.1% increase on a foreign currency adjusted basis [7][22] - Gross profit as a percentage of net sales for Q2 2024 was 53.6%, up from 52.5% in Q2 2023 [8] - Operating income for Q2 2024 increased 0.6% to $527.2 million from $523.8 million in Q2 2023 [9] - Net income increased 2.8% to $425.4 million compared to $413.9 million in Q2 2023, with diluted earnings per share rising 5% to $0.41 from $0.39 [9] Business Line Data and Key Metrics Changes - The alcohol brands segment reported net sales of $41.6 million in Q2 2024, a decrease of approximately $19.5 million or 31.9% compared to the same quarter in 2023 [25] - The company plans a 5% price increase on core brands effective November 1, 2024, while continuing to monitor opportunities for further pricing actions [10][34] Market Data and Key Metrics Changes - In the U.S. energy drink category, sales in dollars increased by 0.6% year-over-year, while the company's energy brands, excluding Bang, saw a decline of 2.5% [10] - The company's market share in the convenience and gas channel decreased from 35.7% to 34.7% [12] - In Brazil, net sales increased 29.1%, with market share rising to 48.1% [16] - In Mexico, the energy drink category increased 20.3%, with Monster sales up 18.1% [14] Company Strategy and Development Direction - The company continues to expand in non-Nielsen measured channels and believes household penetration in the energy drink category is increasing [6][33] - The company is optimistic about long-term prospects in China and India, with plans for further product launches in these markets [24][29] - The company is focusing on innovation, with several new product launches planned for the remainder of 2024 and into 2025 [34][56] Management's Comments on Operating Environment and Future Outlook - Management noted a tighter consumer spending environment and reduced foot traffic in convenience stores, contributing to slower growth [6] - The company believes that energy drinks are viewed as an affordable luxury, which may help sustain demand despite economic pressures [6][33] - Management expressed confidence in the company's growth strategy and market position, particularly in relation to the Coca-Cola bottling system [62] Other Important Information - Foreign currency exchange rates negatively impacted net sales in the U.S. by approximately $67.7 million in Q2 2024 [22] - The company has taken steps to address production inefficiencies and anticipates improvements in the upcoming quarters [58] Q&A Session Summary Question: Can you provide context on the recent slowdown in the U.S. category? - Management indicated that the current slowdown is relatively unprecedented, influenced by high inflation and interest rates, and noted that foot traffic in convenience stores has decreased [37][38] Question: How are you addressing production challenges internationally? - Management confirmed that production challenges in Germany have largely been resolved and do not anticipate recurrence [41][42] Question: How do you reconcile taking a price increase with the slowdown in the category? - Management believes that despite the slowdown, there is still an opportunity for price increases as their products remain competitively priced compared to other beverages [44] Question: What are the trends in July and how do you see growth progressing? - Management noted that Nielsen data indicates a worsening trend in July, but non-measured channels continue to grow [46] Question: What is the status of bottler inventory levels and innovation pipeline? - Management reported no significant issues with bottler inventories and highlighted that innovation has been performing well, with several new products planned for launch [48][52]

Monster Beverage (MNST) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.89%. A quarter ago, it was expected that this energy drink maker would post earnings of $0.44 per share when it actually produced earnings of $0.42, delivering a surprise of -4.55%.Over the last four quarters, ...

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 Vice Chairman and Co-Chief Executive Officer (951) 739-6200 NEWS RELEASE Roger S. Pondel / Judy Lin PondelWilkinson Inc. (310) 279-5980 MONSTER BEVERAGE REPORTS 2024 SECOND QUARTER FINANCIAL RESULTS -- Record Second Quarter Net Sales Rise ...

-- Record Second Quarter Net Sales Rise 2.5 Percent to $1.90 Billion ---- Net Sales, Excluding the Alcohol Brands Segment, Adjusted for Adverse Changes in Foreign Currency of $67.7 Million, Rise 7.4 Percent ---- Second Quarter Diluted EPS Increases 5.0 Percent -- CORONA, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three- and six-months ended June 30, 2024. Second Quarter ResultsNet sales for the 2024 second quarter increased ...

SDivin09 While the S&P 500 index is climbing to all-time highs, finding a stock that isn't trading at high prices takes work. However, Monster Beverage (NASDAQ:MNST) is one of them. It is a strong representative of the Consumer Staples sector with a market cap of over $53 billion, and its stock price is 19% below its 52-week high as of Aug 1. Monster Beverage is engaged in the production and sales of energy drinks, making over $7 billion in annual revenue. I invite you to get acquainted with my analysis of ...

Wall Street analysts expect Monster Beverage (MNST) to post quarterly earnings of $0.45 per share in its upcoming report, which indicates a year-over-year increase of 15.4%. Revenues are expected to be $2.02 billion, up 9.1% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveals its earnings, it is vital to t ...

-- Company to Conduct Conference Call at 2 p.m. Pacific Time -- CORONA, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) announced today that results for its second quarter ended June 30, 2024, will be reported on Wednesday, August 7, 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 re ...