Monster Beverage ( (MNST) ) has issued an announcement.
Monster Beverage Corporation reported a 1.3% increase in Q3 2024 net sales, reaching $1.88 billion, despite adverse foreign currency impacts. While sales rose, net income decreased by 18.1% due to increased inventory reserves and legal expenses. The Monster Energy® Drinks segment saw a modest 0.8% sales rise, while the Strategic Brands segment jumped 14.0%. However, the Alcohol Brands segment experienced a 6.0% decline. International sales grew 3.6%, highlighting the company’s global footprint.
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