Monster Beverage Reports 2025 Second Quarter Financial Results
Monster Beverage (NASDAQ:MNST) reported strong Q2 2025 financial results, with record quarterly net sales exceeding $2.11 billion, up 11.1% year-over-year. The company achieved significant growth with operating income increasing 19.8% to $631.6 million and net income rising 14.9% to $488.8 million.
The Monster Energy Drinks segment grew 11.2% to $1.94 billion, while Strategic Brands increased 18.9% to $129.9 million. International sales showed robust growth of 15.8% to $864.2 million, representing 41% of total sales. Gross profit margin improved to 55.7% from 53.6% due to pricing actions and supply chain optimization.
Earnings per diluted share increased 21.1% to $0.50, with adjusted EPS rising 23% to $0.52.
Monster Beverage (NASDAQ:MNST) ha annunciato risultati finanziari solidi per il secondo trimestre 2025, con vendite nette trimestrali record superiori a 2,11 miliardi di dollari, in crescita dell'11,1% rispetto all'anno precedente. L'azienda ha registrato una crescita significativa con un utile operativo aumentato del 19,8% a 631,6 milioni di dollari e un utile netto salito del 14,9% a 488,8 milioni di dollari.
Il segmento Monster Energy Drinks 猫 cresciuto dell'11,2% raggiungendo 1,94 miliardi di dollari, mentre i Marchi Strategici sono aumentati del 18,9% a 129,9 milioni di dollari. Le vendite internazionali hanno mostrato una robusta crescita del 15,8%, arrivando a 864,2 milioni di dollari, rappresentando il 41% delle vendite totali. Il margine di profitto lordo 猫 migliorato al 55,7% dal 53,6% grazie a politiche di prezzo e ottimizzazione della catena di approvvigionamento.
L'utile per azione diluito 猫 aumentato del 21,1% a 0,50 dollari, con l'utile per azione rettificato in crescita del 23% a 0,52 dollari.
Monster Beverage (NASDAQ:MNST) report贸 s贸lidos resultados financieros en el segundo trimestre de 2025, con ventas netas trimestrales r茅cord que superaron los 2.11 mil millones de d贸lares, un aumento del 11.1% interanual. La compa帽铆a logr贸 un crecimiento significativo con un incremento del 19.8% en el ingreso operativo hasta 631.6 millones de d贸lares y un aumento del 14.9% en el ingreso neto hasta 488.8 millones de d贸lares.
El segmento de Monster Energy Drinks creci贸 un 11.2% alcanzando 1.94 mil millones de d贸lares, mientras que las Marcas Estrat茅gicas aumentaron un 18.9% hasta 129.9 millones de d贸lares. Las ventas internacionales mostraron un crecimiento robusto del 15.8% hasta 864.2 millones de d贸lares, representando el 41% del total de ventas. El margen bruto mejor贸 a 55.7% desde 53.6% debido a acciones de precios y optimizaci贸n de la cadena de suministro.
Las ganancias por acci贸n diluida aumentaron un 21.1% hasta 0.50 d贸lares, con las ganancias ajustadas por acci贸n subiendo un 23% a 0.52 d贸lares.
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頋劃 欤茧嫻靾滌澊鞚奠潃 21.1% 歃濌皜頃� 0.50雼煬毳� 旮半頄堨溂氅�, 臁办爼 欤茧嫻靾滌澊鞚奠潃 23% 歃濌皜頃橃棳 0.52雼煬鞓�鞀惦媹雼�.
Monster Beverage (NASDAQ:MNST) a annonc茅 de solides r茅sultats financiers pour le deuxi猫me trimestre 2025, avec un chiffre d'affaires net trimestriel record d茅passant 2,11 milliards de dollars, en hausse de 11,1 % par rapport 脿 l'ann茅e pr茅c茅dente. La soci茅t茅 a r茅alis茅 une croissance significative avec un r茅sultat d'exploitation en hausse de 19,8 % 脿 631,6 millions de dollars et un b茅n茅fice net en progression de 14,9 % 脿 488,8 millions de dollars.
Le segment Monster Energy Drinks a progress茅 de 11,2 % pour atteindre 1,94 milliard de dollars, tandis que les marques strat茅giques ont augment茅 de 18,9 % 脿 129,9 millions de dollars. Les ventes internationales ont connu une forte croissance de 15,8 % 脿 864,2 millions de dollars, repr茅sentant 41 % des ventes totales. La marge brute s'est am茅lior茅e 脿 55,7 % contre 53,6 % gr芒ce aux actions tarifaires et 脿 l'optimisation de la cha卯ne d'approvisionnement.
Le b茅n茅fice par action dilu茅 a augment茅 de 21,1 % pour atteindre 0,50 dollar, avec un BPA ajust茅 en hausse de 23 % 脿 0,52 dollar.
Monster Beverage (NASDAQ:MNST) meldete starke Finanzergebnisse f眉r das zweite Quartal 2025 mit einem Rekordumsatz von 眉ber 2,11 Milliarden US-Dollar, was einem Anstieg von 11,1 % im Jahresvergleich entspricht. Das Unternehmen erzielte ein deutliches Wachstum, wobei das Betriebsergebnis um 19,8 % auf 631,6 Millionen US-Dollar und der Nettogewinn um 14,9 % auf 488,8 Millionen US-Dollar stiegen.
Der Bereich Monster Energy Drinks wuchs um 11,2 % auf 1,94 Milliarden US-Dollar, w盲hrend die strategischen Marken um 18,9 % auf 129,9 Millionen US-Dollar zulegten. Die internationalen Ums盲tze zeigten ein robustes Wachstum von 15,8 % auf 864,2 Millionen US-Dollar und machten 41 % des Gesamtumsatzes aus. Die Bruttogewinnmarge verbesserte sich von 53,6 % auf 55,7 % dank Preisma脽nahmen und Optimierung der Lieferkette.
Der Gewinn je verw盲sserter Aktie stieg um 21,1 % auf 0,50 US-Dollar, der bereinigte Gewinn je Aktie legte um 23 % auf 0,52 US-Dollar zu.
- Record quarterly net sales exceeding $2.11 billion for the first time
- Operating income increased 19.8% to $631.6 million
- International sales grew 15.8% to $864.2 million
- Gross profit margin improved to 55.7% from 53.6%
- Strategic Brands segment showed strong growth of 18.9%
- Distribution expenses decreased to 3.9% of net sales from 4.6%
- Alcohol Brands segment sales decreased 8.6% to $38.0 million
- General and administrative expenses increased to 12.6% of net sales from 11.2%
- Higher effective tax rate of 24.4% compared to 22.9% in previous year
- Other segment sales declined 8.5% to $6.4 million
Insights
Monster Beverage achieved record sales exceeding $2B with double-digit growth in revenue, operating income, and EPS, driven by international expansion and improved margins.
Monster Beverage delivered exceptional Q2 2025 performance, crossing the
The profitability metrics show impressive growth with operating income surging
A key driver of this performance is the gross margin expansion to
The international segment is emerging as a significant growth catalyst, with sales outside the US increasing
By segment, the Monster Energy Drinks division grew
Operating efficiencies are evident in the company's expense ratios. Distribution expenses decreased to
Overall, Monster continues to execute effectively on its core business while international expansion provides a clear path for sustained growth, despite headwinds in the alcohol segment and some increased administrative costs.
2025 Second Quarter Highlights
- Record Quarterly Net Sales exceed the
$2.0 billion threshold for the first time in the Company鈥檚 history - Net Sales rise 11.1 percent to
$2.11 billion ; 11.4 percent to$2.12 billion on a foreign currency adjusted basis (non-GAAP) - Operating Income increases 19.8 percent to
$631.6 million ; 21.5 percent on a non-GAAP adjusted basis - Net Income Per Diluted Share increases 21.1 percent to
$0.50 per share; 23.0 percent to$0.52 per share on a non-GAAP adjusted basis
The tables at the end of this press release provide a reconciliation of non-GAAP financial measures to the Company鈥檚 results, as reported under GAAP. (See 鈥淩econciliation of GAAP and Non-GAAP Information鈥� below).
CORONA, Calif., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three- and six-months ended June 30, 2025.
Net sales for the 2025 second quarter increased 11.1 percent to
Net sales, excluding the Alcohol Brands segment, on a foreign currency adjusted basis (non-GAAP), increased 11.8 percent in the 2025 second quarter.
Net sales for the Company鈥檚 Monster Energy庐 Drinks segment, which primarily includes the Company鈥檚 Monster Energy庐 drinks, Reign Total Body Fuel庐 high performance energy drinks, Reign Storm庐 total wellness energy drinks and Bang Energy庐 drinks, increased 11.2 percent to
Net sales for the Company鈥檚 Strategic Brands segment, which primarily includes the various energy drink brands acquired from The Coca-Cola Company, as well as the Company鈥檚 affordable energy brands Predator庐 and Fury庐, increased 18.9 percent to
Net sales for the Alcohol Brands segment, which is comprised of various craft beers, flavored malt beverages and hard seltzers, decreased 8.6 percent to
Net sales for the Company鈥檚 Other segment, which primarily includes certain products of American Fruits and Flavors, LLC, a wholly owned subsidiary of the Company, sold to independent third-party customers, decreased 8.5 percent to
Net sales to customers outside the United States increased 15.8 percent to
Gross profit as a percentage of net sales for the 2025 second quarter increased to 55.7 percent from 53.6 percent in the 2024 second quarter. The increase in gross profit as a percentage of net sales for the 2025 second quarter was primarily the result of pricing actions, supply chain optimization and lower input costs, partially offset by geographical sales mix and higher promotional allowances.
Distribution expenses for the 2025 second quarter were
Selling expenses for the 2025 second quarter were
General and administrative expenses for the 2025 second quarter were
Operating expenses for the 2025 second quarter were
Operating income for the 2025 second quarter increased 19.8 percent to
The effective tax rate for the 2025 second quarter was 24.4 percent, compared with 22.9 percent in the 2024 second quarter.
Net income for the 2025 second quarter increased 14.9 percent to
Hilton H. Schlosberg, Chief Executive Officer, said, 鈥淲e achieved record net sales for the second quarter, exceeding the
鈥淚ncreased household penetration and per capita consumption of energy drinks remain positive trends for the category. Our robust pipeline of innovative products remains central to our long-term growth strategy,鈥� Schlosberg added.听
2025 Six-Months Results
Net sales for the six-months ended June听30, 2025 increased 4.4 percent to
Gross profit as a percentage of net sales for the six-months ended June听30, 2025 was 56.1 percent, compared with 53.9 percent in the comparable period last year.
Operating expenses for the six-months ended June听30, 2025 were
Operating income for the six-months ended June听30, 2025 increased to
The effective tax rate for the six-months ended June 30, 2025 was 23.9 percent, compared with 23.2 percent in the comparable period last year.
Net income for the six-months ended June听30, 2025 increased 7.4 percent to
Share Repurchase Program
During the 2025 second quarter, no shares of the Company鈥檚 common stock were repurchased. As of August 6, 2025, approximately
Investor Conference Call
The Company will host an investor conference call today, August 7, 2025, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The conference call will be open to all interested investors through a live audio web broadcast via the internet at in the 鈥淓vents & Presentations鈥� section. For those who are not able to listen to the live broadcast, the call will be archived for approximately one year on the website.
Monster Beverage Corporation
Based in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. The Company鈥檚 subsidiaries develop and market energy drinks, including Monster Energy庐 drinks, Monster Energy Ultra庐 energy drinks, Juice Monster庐 Energy + Juice energy drinks, Java Monster庐 non-carbonated coffee + energy drinks, Monster Killer Brew鈩� Triple Shot, Rehab庐 Monster庐 non-carbonated energy drinks, Monster Energy庐 Nitro energy drinks, Reign庐 Total Body Fuel high performance energy drinks, Reign Storm庐 total wellness energy drinks, NOS庐 energy drinks, Full Throttle庐 energy drinks, Bang Energy庐 drinks, BPM庐 energy drinks, BU庐 energy drinks, Burn庐 energy drinks, Live+庐 energy drinks, Mother庐 energy drinks, Nalu庐 energy drinks, Play庐 and Power Play庐 (stylized) energy drinks, Relentless庐 energy drinks, Samurai庐 energy drinks, Ultra Energy庐 drinks, Predator庐 energy drinks and Fury庐 energy drinks. The Company鈥檚 subsidiaries also develop and market still and sparkling waters under the Monster Tour Water庐 brand name. The Company鈥檚 subsidiaries also develop and market craft beers, flavored malt beverages and hard seltzers under a number of brands, including Jai Alai庐 IPA, Dale鈥檚 Pale Ale庐, Dallas Blonde庐, Wild Basin庐 hard seltzers, The Beast鈩�, Nasty Beast庐 hard tea, Blind Lemon庐, Blinder Lemon鈩⑻齛nd Michi. For more information visit .
Caution Concerning Forward-Looking Statements
Certain statements made in this announcement may constitute 鈥渇orward-looking statements鈥� within the meaning of the U.S. federal securities laws, as amended, regarding the expectations of management with respect to our future operating results and other future events including revenues and profitability. The Company cautions that these statements are based on management鈥檚 current knowledge and expectations and are subject to certain risks and uncertainties, many of which are outside of the control of the Company, that could cause actual results and events to differ materially from the statements made herein. Such risks and uncertainties include, but are not limited to, the following: our ability to sustain the current level of sales of and/or achieve growth for our Monster Energy庐 Reign Total Body Fuel庐, Reign Storm庐, Bang Energy庐 and NOS庐 brand energy drinks and/or our other products, including our Strategic Brands and Alcohol Brands; decreased demand for our products resulting from changes in consumer preferences; the impact on our business of competitive products and pricing pressures and our ability to increase or maintain our market share as a result of actions by competitors; changes in government regulations, including U.S. trade policies; the impact of the threat or imposition of tariffs on, among other things, our supply chain, input costs, inflation or consumer demand for our products; the impact of the current U.S. presidential administration鈥檚 policies on our energy drinks due to articulated concerns about sugar-sweetened beverages, particular ingredients, such as food dyes, and the 鈥済enerally recognized as safe鈥� (GRAS) process; the impact of proposed or adopted domestic and/or foreign legislation to limit or restrict the sale of energy drinks (including the prohibition of the sale of energy drinks to certain demographics, at certain establishments, in certain container sizes or pursuant to certain governmental programs, such as the Supplemental Nutrition Assistance Program (SNAP)); the impact of military conflicts, including supply chain disruptions, volatility in commodity prices, increased economic uncertainty and escalating geopolitical tensions; our extensive commercial arrangements with The Coca-Cola Company (TCCC) and, as a result, our future performance鈥檚 substantial dependence on the success of our relationship with TCCC; our ability to implement our growth strategy, including expanding our business in existing and new sectors and achieving profitability within our Alcohol Brands segment; the inherent operational risks presented by the alcoholic beverage industry that may not be adequately covered by insurance or lead to litigation relating to the abuse or misuse of our products; exposure to significant liabilities due to litigation, legal or regulatory proceedings; intellectual property injunctions; unanticipated litigation concerning the Company鈥檚 products; the current uncertainty and volatility in the national and global economy and changes in demand due to such economic conditions, including a slowdown in consumer spending generally or reduced demand for consumer goods; adverse publicity surrounding obesity, alcohol consumption and other health concerns related to our products, product safety and quality; changes in the price and/or availability of raw materials; other supply issues, including the availability of products and/or suitable production facilities including limitations on co-packing availability including retort production; disruption to our manufacturing facilities and operations related to climate, labor, production difficulties, capacity limitations, regulations or other causes; product distribution and placement decisions by retailers; the effects of retailer and/or bottler/distributor consolidation on our business; unilateral decisions by bottlers/distributors, buying groups, convenience chains, grocery chains, mass merchandisers, specialty chain stores, e-commerce retailers, e-commerce websites, club stores and other customers to discontinue carrying all or any of our products that they are carrying at any time, restrict the range of our products they carry, impose restrictions or limitations on the sale of our products and/or the sizes of containers for our products and/or devote less resources to the sale of our products; the imposition of new and/or increased excise sales and/or other taxes on our products; our ability to adapt to the changing retail landscape with the rapid growth in e-commerce retailers and e-commerce websites; possible recalls of our products and/or the consequences and costs of defective production; or our ability to absorb, reduce or pass on to our bottlers/distributors increases in commodity costs, including freight costs. For a more detailed discussion of these and other risks that could affect our operating results, see the Company鈥檚 reports filed with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2024 and our subsequently filed quarterly report. The Company鈥檚 actual results could differ materially from those contained in the forward-looking statements. The Company assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
(tables below)听 听 听 听
| MONSTER BEVERAGE CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND OTHER INFORMATION FOR THE THREE- AND SIX-MONTHS ENDED JUNE 30, 2025 AND 2024 (In Thousands, Except Per Share Amounts) (Unaudited)听 | |||||||||||||||
| 听 | |||||||||||||||
| 听 | Three-Months Ended | 听 | Six-Months Ended | ||||||||||||
| 听 | June 30, | 听 | June 30, | ||||||||||||
| 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 | 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Net sales鹿 | $ | 2,111,593 | 听 | 听 | $ | 1,900,597 | 听 | 听 | $ | 3,966,150 | 听 | 听 | $ | 3,799,695 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Cost of sales | 听 | 935,180 | 听 | 听 | 听 | 881,091 | 听 | 听 | 听 | 1,741,775 | 听 | 听 | 听 | 1,753,061 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Gross profit鹿 | 听 | 1,176,413 | 听 | 听 | 听 | 1,019,506 | 听 | 听 | 听 | 2,224,375 | 听 | 听 | 听 | 2,046,634 | 听 |
| Gross profit as a percentage of net sales | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Operating expenses | 听 | 544,791 | 听 | 听 | 听 | 492,343 | 听 | 听 | 听 | 1,023,008 | 听 | 听 | 听 | 977,480 | 听 |
| Operating expenses as a percentage of net sales | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Operating income鹿 | 听 | 631,622 | 听 | 听 | 听 | 527,163 | 听 | 听 | 听 | 1,201,367 | 听 | 听 | 听 | 1,069,154 | 听 |
| Operating income as a percentage of net sales | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Interest and other income, net | 听 | 15,065 | 听 | 听 | 听 | 24,376 | 听 | 听 | 听 | 23,337 | 听 | 听 | 听 | 60,131 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Income before provision for income 迟补虫别蝉鹿 | 听 | 646,687 | 听 | 听 | 听 | 551,539 | 听 | 听 | 听 | 1,224,704 | 听 | 听 | 听 | 1,129,285 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Provision for income taxes | 听 | 157,893 | 听 | 听 | 听 | 126,170 | 听 | 听 | 听 | 292,917 | 听 | 听 | 听 | 261,867 | 听 |
| Income taxes as a percentage of income before taxes | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Net income | $ | 488,794 | 听 | 听 | $ | 425,369 | 听 | 听 | $ | 931,787 | 听 | 听 | $ | 867,418 | 听 |
| Net income as a percentage of net sales | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Net income per common share: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Basic | $ | 0.50 | 听 | 听 | $ | 0.41 | 听 | 听 | $ | 0.96 | 听 | 听 | $ | 0.84 | 听 |
| Diluted | $ | 0.50 | 听 | 听 | $ | 0.41 | 听 | 听 | $ | 0.95 | 听 | 听 | $ | 0.83 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Weighted average number of shares of common stock and common stock equivalents: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Basic | 听 | 975,749 | 听 | 听 | 听 | 1,029,268 | 听 | 听 | 听 | 974,691 | 听 | 听 | 听 | 1,035,175 | 听 |
| Diluted | 听 | 983,997 | 听 | 听 | 听 | 1,037,378 | 听 | 听 | 听 | 982,748 | 听 | 听 | 听 | 1,044,363 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Energy drink case sales (in thousands) (in 192-ounce case equivalents) | 听 | 249,336 | 听 | 听 | 听 | 212,194 | 听 | 听 | 听 | 462,436 | 听 | 听 | 听 | 423,624 | 听 |
| Average net sales per case2 | $ | 8.29 | 听 | 听 | $ | 8.73 | 听 | 听 | $ | 8.39 | 听 | 听 | $ | 8.71 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
鹿滨苍肠濒耻诲别蝉
2Excludes Alcohol Brands segment and Other segment net sales.
| 听 | ||||||||
| MONSTER BEVERAGE CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2025 AND DECEMBER 31, 2024 (In Thousands, Except Par Value) (Unaudited) | ||||||||
| 听 | ||||||||
| 听 | 听 | June 30, 2025 | 听 | December 31, 2024 | ||||
| ASSETS | 听 | 听 | 听 | 听 | ||||
| CURRENT ASSETS: | 听 | 听 | 听 | 听 | ||||
| Cash and cash equivalents | 听 | $ | 1,926,927 | 听 | 听 | $ | 1,533,287 | 听 |
| Short-term investments | 听 | 听 | 145,253 | 听 | 听 | 听 | - | 听 |
| Accounts receivable, net | 听 | 听 | 1,522,702 | 听 | 听 | 听 | 1,221,646 | 听 |
| Inventories | 听 | 听 | 658,167 | 听 | 听 | 听 | 737,107 | 听 |
| Prepaid expenses and other current assets | 听 | 听 | 137,257 | 听 | 听 | 听 | 107,262 | 听 |
| Prepaid income taxes | 听 | 听 | 39,034 | 听 | 听 | 听 | 42,202 | 听 |
| Total current assets | 听 | 听 | 4,429,340 | 听 | 听 | 听 | 3,641,504 | 听 |
| 听 | 听 | 听 | 听 | 听 | ||||
| 听 | 听 | 听 | 听 | 听 | ||||
| INVESTMENTS | 听 | 听 | 138,058 | 听 | 听 | 听 | - | 听 |
| PROPERTY AND EQUIPMENT, net | 听 | 听 | 1,090,898 | 听 | 听 | 听 | 1,047,024 | 听 |
| DEFERRED INCOME TAXES, net | 听 | 听 | 184,791 | 听 | 听 | 听 | 184,260 | 听 |
| GOODWILL | 听 | 听 | 1,331,643 | 听 | 听 | 听 | 1,331,643 | 听 |
| OTHER INTANGIBLE ASSETS, net | 听 | 听 | 1,418,827 | 听 | 听 | 听 | 1,414,252 | 听 |
| OTHER ASSETS | 听 | 听 | 136,331 | 听 | 听 | 听 | 100,406 | 听 |
| Total Assets | 听 | $ | 8,729,888 | 听 | 听 | $ | 7,719,089 | 听 |
| 听 | 听 | 听 | 听 | 听 | ||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | 听 | 听 | 听 | 听 | ||||
| CURRENT LIABILITIES: | 听 | 听 | 听 | 听 | ||||
| Accounts payable | 听 | $ | 489,037 | 听 | 听 | $ | 466,775 | 听 |
| Accrued liabilities | 听 | 听 | 258,937 | 听 | 听 | 听 | 220,764 | 听 |
| Accrued promotional allowances | 听 | 听 | 360,406 | 听 | 听 | 听 | 267,711 | 听 |
| Deferred revenue | 听 | 听 | 49,279 | 听 | 听 | 听 | 45,809 | 听 |
| Accrued compensation | 听 | 听 | 72,838 | 听 | 听 | 听 | 92,454 | 听 |
| Income taxes payable | 听 | 听 | 28,121 | 听 | 听 | 听 | 4,006 | 听 |
| Total current liabilities | 听 | 听 | 1,258,618 | 听 | 听 | 听 | 1,097,519 | 听 |
| 听 | 听 | 听 | 听 | 听 | ||||
| DEFERRED REVENUE | 听 | 听 | 169,763 | 听 | 听 | 听 | 179,008 | 听 |
| OTHER LIABILITIES | 听 | 听 | 110,203 | 听 | 听 | 听 | 110,893 | 听 |
| LONG-TERM DEBT | 听 | 听 | - | 听 | 听 | 听 | 373,951 | 听 |
| 听 | 听 | 听 | 听 | 听 | ||||
| STOCKHOLDERS' EQUITY: | 听 | 听 | 听 | 听 | ||||
| Common stock - | 听 | 5,650 | 听 | 听 | 听 | 5,632 | 听 | |
| Additional paid-in capital | 听 | 听 | 5,285,157 | 听 | 听 | 听 | 5,144,922 | 听 |
| Retained earnings | 听 | 听 | 8,380,571 | 听 | 听 | 听 | 7,448,784 | 听 |
| Accumulated other comprehensive loss | 听 | 听 | (91,308 | ) | 听 | 听 | (269,487 | ) |
| Common stock in treasury, at cost; 153,552 shares and 153,250 shares as of听June 30, 2025 and December 31, 2024, respectively | 听 | (6,388,766 | ) | 听 | 听 | (6,372,133 | ) | |
| Total stockholders' equity | 听 | 听 | 7,191,304 | 听 | 听 | 听 | 5,957,718 | 听 |
| Total Liabilities and Stockholders鈥� Equity | 听 | $ | 8,729,888 | 听 | 听 | $ | 7,719,089 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
Reconciliation of GAAP and Non-GAAP Information
($ in Thousands, Except Per Share Amounts, unaudited)
The Company believes the following non-GAAP items are useful to investors in evaluating the Company鈥檚 ongoing operating and financial results. The non-GAAP items should be considered in addition to, and not in lieu of, U.S. GAAP financial measures. The non-GAAP financial measures do not represent a comprehensive basis of accounting. Therefore, our non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies.
| 听 | Three-Months Ended | 听 | Percentage | 听 | Six-Months Ended | 听 | Percentage | ||||||||||
| 听 | June 30, | 听 | Change | 听 | June 30, | 听 | Change | ||||||||||
| 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | ||
| Net Sales | $ | 2,111,593 | 听 | $ | 1,900,597 | 听 | 11.1 | % | 听 | $ | 3,966,150 | 听 | $ | 3,799,695 | 听 | 4.4 | % |
| Currency Impact | 听 | 5,027 | 听 | N/A | 听 | 听 | 听 | 听 | 62,374 | 听 | N/A | 听 | 听 | ||||
| Adjusted Net Sales 鈥� FX Neutral | $ | 2,116,620 | 听 | $ | 1,900,597 | 听 | 11.4 | % | 听 | $ | 4,028,524 | 听 | $ | 3,799,695 | 听 | 6.0 | % |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||
| 听 | Three-Months Ended | 听 | Percentage | 听 | Six-Months Ended | 听 | Percentage | ||||||||||
| 听 | June 30, | 听 | Change | 听 | June 30, | 听 | Change | ||||||||||
| 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | ||
| Net Sales | $ | 2,111,593 | 听 | $ | 1,900,597 | 听 | 11.1 | % | 听 | $ | 3,966,150 | 听 | $ | 3,799,695 | 听 | 4.4 | % |
| Alcohol Brands Segment | 听 | (37,971) | 听 | 听 | (41,564) | 听 | 听 | 听 | 听 | (72,674) | 听 | 听 | (97,634) | 听 | 听 | ||
| Adjusted Net Sales 鈥� Less Alcohol | $ | 2,073,622 | 听 | $ | 1,859,033 | 听 | 11.5 | % | 听 | $ | 3,893,476 | 听 | $ | 3,702,061 | 听 | 5.2 | % |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||
| 听 | Three-Months Ended | 听 | Percentage | 听 | Six-Months Ended | 听 | Percentage | ||||||||||
| 听 | June 30, | 听 | Change | 听 | June 30, | 听 | Change | ||||||||||
| 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | ||
| Net Sales | $ | 听听 2,111,593 | 听 | $ | 1,900,597 | 听 | 11.1 | % | 听 | $ | 3,966,150 | 听 | $ | 3,799,695 | 听 | 4.4 | % |
| Alcohol Brands Segment | 听 | (37,971) | 听 | 听 | (41,564) | 听 | 听 | 听 | 听 | (72,674) | 听 | 听 | (97,634) | 听 | 听 | ||
| Currency Impact | 听 | 5,027 | 听 | N/A | 听 | 听 | 听 | 听 | 62,374 | 听 | N/A | 听 | 听 | ||||
| Adjusted Net Sales 鈥� FX Neutral/Less Alcohol | $ | 听听 2,078,649 | 听 | $ | 1,859,033 | 听 | 11.8 | % | 听 | $ | 3,955,850 | 听 | $ | 3,702,061 | 听 | 6.9 | % |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||
| Monster Energy庐 Drinks Segment | Three-Months Ended | 听 | Percentage | 听 | Six-Months Ended | 听 | Percentage | ||||||||||
| 听 | June 30, | 听 | Change | 听 | June 30, | 听 | Change | ||||||||||
| 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | ||
| Net Sales | $ | 1,937,321 | 听 | $ | 1,742,808 | 听 | 11.2 | % | 听 | $ | 3,652,869 | 听 | $ | 3,471,859 | 听 | 5.2 | % |
| Currency Impact | 听 | 4,855 | 听 | N/A | 听 | 听 | 听 | 听 | 55,643 | 听 | N/A | 听 | 听 | ||||
| Adjusted Net Sales | $ | 1,942,176 | 听 | $ | 1,742,808 | 听 | 11.4 | % | 听 | $ | 3,708,512 | 听 | $ | 3,471,859 | 听 | 6.8 | % |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||
| Strategic Brands Segment | Three-Months Ended | 听 | Percentage | 听 | Six-Months Ended | 听 | Percentage | ||||||||||
| 听 | June 30, | 听 | Change | 听 | June 30, | 听 | Change | ||||||||||
| 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | ||
| Net Sales | $ | 129,893 | 听 | $ | 109,222 | 听 | 18.9 | % | 听 | $ | 228,225 | 听 | $ | 217,666 | 听 | 4.9 | % |
| Currency Impact | 听 | 172 | 听 | N/A | 听 | 听 | 听 | 听 | 6,731 | 听 | N/A | 听 | 听 | ||||
| Adjusted Net Sales | $ | 130,065 | 听 | $ | 109,222 | 听 | 19.1 | % | 听 | $ | 234,956 | 听 | $ | 217,666 | 听 | 7.9 | % |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||
| Foreign | Three-Months Ended | 听 | Percentage | 听 | Six-Months Ended | 听 | Percentage | ||||||||||
| 听 | June 30, | 听 | Change | 听 | June 30, | 听 | Change | ||||||||||
| 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | ||
| Net Sales | $ | 864,224 | 听 | $ | 746,019 | 听 | 15.8 | % | 听 | $ | 1,597,426 | 听 | $ | 1,490,108 | 听 | 7.2 | % |
| Currency Impact | 听 | 5,027 | 听 | N/A | 听 | 听 | 听 | 听 | 62,374 | 听 | N/A | 听 | 听 | ||||
| Adjusted Net Sales | $ | 869,251 | 听 | $ | 746,019 | 听 | 16.5 | % | 听 | $ | 1,659,800 | 听 | $ | 1,490,108 | 听 | 11.4 | % |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||
| Reconciliation of GAAP and Non-GAAP Information ($ in Thousands, Except Per Share Amounts, unaudited) - continued | |||||||||||||||||
| 听 | |||||||||||||||||
| 听 | Three-Months Ended | 听 | Percentage | 听 | Six-Months Ended | 听 | Percentage | ||||||||||
| 听 | June 30, | 听 | Change | 听 | June 30, | 听 | Change | ||||||||||
| 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | ||
| Operating Expenses | $ | 544,791 | 听 | $ | 492,343 | 听 | 10.7 | % | 听 | $ | 1,023,008 | 听 | $ | 977,480 | 听 | 4.7 | % |
| Alcohol Brands Segment | 听 | (25,368) | 听 | 听 | (33,080) | 听 | 听 | 听 | 听 | (56,126) | 听 | 听 | (56,870) | 听 | 听 | ||
| Litigation Provisions | 听 | (13,818) | 听 | 听 | 听 | 听 | 听 | 听 | (13,818) | 听 | 听 | 听 | 听 | ||||
| Stock-Based Compensation1 | 听 | (7,869) | 听 | 听 | 听 | 听 | 听 | 听 | (7,869) | 听 | 听 | 听 | 听 | ||||
| Adjusted Operating Expenses | $ | 497,736 | 听 | $ | 459,263 | 听 | 8.4 | % | 听 | $ | 945,195 | 听 | $ | 920,610 | 听 | 2.7 | % |
| Adjusted Operating Expenses as a percentage of Adjusted Net Sales 鈥� Less Alcohol | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||
| 听 | Three-Months Ended | 听 | Percentage | 听 | Six-Months Ended | 听 | Percentage | ||||||||||
| 听 | June 30, | 听 | Change | 听 | June 30, | 听 | Change | ||||||||||
| 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | ||
| Operating Income | $ | 631,622 | 听 | $ | 527,163 | 听 | 19.8 | % | 听 | $ | 1,201,367 | 听 | $ | 1,069,154 | 听 | 12.4 | % |
| Alcohol Brands Segment | 听 | 14,632 | 听 | 听 | 22,561 | 听 | 听 | 听 | 听 | 36,122 | 听 | 听 | 28,577 | 听 | 听 | ||
| Litigation Provisions | 听 | 13,818 | 听 | 听 | 听 | 听 | 听 | 听 | 13,818 | 听 | 听 | 听 | 听 | ||||
| Stock-Based Compensation1 | 听 | 7,869 | 听 | 听 | 听 | 听 | 听 | 听 | 7,869 | 听 | 听 | 听 | 听 | ||||
| Adjusted Operating Income | $ | 667,941 | 听 | $ | 549,724 | 听 | 21.5 | % | 听 | $ | 1,259,176 | 听 | $ | 1,097,731 | 听 | 14.7 | % |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||
| 听 | Three-Months Ended | 听 | Percentage | 听 | Six-Months Ended | 听 | Percentage | ||||||||||
| 听 | June 30, | 听 | Change | 听 | June 30, | 听 | Change | ||||||||||
| 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | ||
| Net Income | $ | 488,794 | 听 | $ | 425,369 | 听 | 14.9 | % | 听 | $ | 931,787 | 听 | $ | 867,418 | 听 | 7.4 | % |
| Alcohol Brands Segment | 听 | 11,245 | 听 | 听 | 17,327 | 听 | 听 | 听 | 听 | 27,760 | 听 | 听 | 21,948 | 听 | 听 | ||
| Litigation Provisions | 听 | 10,389 | 听 | 听 | 听 | 听 | 听 | 听 | 10,389 | 听 | 听 | 听 | 听 | ||||
| Stock-Based Compensation1 | 听 | 6,048 | 听 | 听 | 听 | 听 | 听 | 听 | 6,048 | 听 | 听 | 听 | 听 | ||||
| Adjusted Net Income | $ | 516,476 | 听 | $ | 442,696 | 听 | 16.7 | % | 听 | $ | 975,984 | 听 | $ | 889,366 | 听 | 9.7 | % |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||
Adjustments in this table are net of tax.
| 听 | Three-Months Ended | 听 | Percentage | 听 | Six-Months Ended | 听 | Percentage | ||||||||||
| 听 | June 30, | 听 | Change | 听 | June 30, | 听 | Change | ||||||||||
| 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | ||
| Net Income per common share - Diluted | $ | 0.50 | 听 | $ | 0.41 | 听 | 21.1 | % | 听 | $ | 0.95 | 听 | $ | 0.83 | 听 | 14.2 | % |
| Litigation Provisions | 听 | 0.01 | 听 | 听 | 听 | 听 | 听 | 听 | 0.01 | 听 | 听 | 听 | 听 | ||||
| Stock-Based Compensation1 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||
| Adjusted Net Income per common share - Diluted | $ | 0.51 | 听 | $ | 0.41 | 听 | 25.2 | % | 听 | $ | 0.96 | 听 | $ | 0.83 | 听 | 16.2 | % |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||
Adjustments in this table are net of tax.
| 听 | Three-Months Ended | 听 | Percentage | 听 | Six-Months Ended | 听 | Percentage | ||||||||||
| 听 | June 30, | 听 | Change | 听 | June 30, | 听 | Change | ||||||||||
| 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | 25 vs. 24 | ||
| Net Income per common share - Diluted | $ | 0.50 | 听 | $ | 0.41 | 听 | 21.1 | % | 听 | $ | 0.95 | 听 | $ | 0.83 | 听 | 14.2 | % |
| Alcohol Brands Segment | 听 | 0.01 | 听 | 听 | 0.02 | 听 | 听 | 听 | 听 | 0.03 | 听 | 听 | 0.02 | 听 | 听 | ||
| Litigation Provisions | 听 | 0.01 | 听 | 听 | 听 | 听 | 听 | 听 | 0.01 | 听 | 听 | 听 | 听 | ||||
| Stock-Based Compensation1 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||
| Adjusted Net Income per common share - Diluted | $ | 0.52 | 听 | $ | 0.43 | 听 | 23.0 | % | 听 | $ | 0.99 | 听 | $ | 0.85 | 听 | 16.6 | % |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||
Adjustments in this table are net of tax.
1In March 2025, the Company began issuing equity awards containing language that permits certain awards to continue vesting following a recipient鈥檚 retirement (the 鈥淩etirement Clause鈥�). The Retirement Clause is applicable for award recipients that have (i) attained the age of sixty-five, (ii) completed ten or more years of continuous service, and (iii) provided at least six months鈥� written notice prior to the last day of service.听 Since recipients who meet the eligibility conditions of the Retirement Clause are not required to continue providing service following their retirement in order for certain of their awards subject to the Retirement Clause to continue vesting, the service period for such recipients is six months rather than the stated vesting period per the award.听
CONTACTS:
Mark Astrachan
SVP, Investor Relations & Corporate Development
(951) 739-6200听听听听听听听听听听听听听听听听
Roger S. Pondel / Judy Lin
PondelWilkinson Inc.
(310) 279-5980
FAQ
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