The earnings call reflects a mix of positive growth in sales and market presence globally, alongside notable challenges such as decreased net income and increased operating expenses. While the energy drink category is expanding, the company is facing headwinds from foreign exchange impacts and legal and inventory challenges.

Company Guidance

During the Monster Beverage Company's Q3 2024 earnings call, guidance highlighted several key metrics reflecting the company's financial performance and market trends. Net sales reached a record $1.88 billion, marking a 1.3% increase from the previous year and a 4.7% rise on a foreign currency-adjusted basis. Gross profit was 53.2% of net sales, slightly up from 53% in Q3 2023, despite challenges such as a $10.6 million impact from excess inventory in the alcohol brands segment. Operating income decreased by 6% to $479.9 million, with adjusted operating income seeing a smaller decline of 3.5%. The effective tax rate was 21.8%, and net income fell by 18.1% to $370.9 million, though adjusted net income experienced a lesser drop of 8.8%. The diluted earnings per share decreased by 11.7% to $0.38, with adjusted EPS slightly lower at $0.40. The call also noted a 5% price increase on certain brands, effective November 1, 2024, and discussed the impact of unfavorable foreign currency exchange rates, which negatively affected net sales by $62.8 million, while diluted EPS was also reduced by approximately $0.03. The company remains optimistic about growth opportunities, citing positive sales trends in international markets and ongoing innovations.

Record Third Quarter Net Sales

The company achieved record third quarter net sales of $1.88 billion, which is 1.3% higher than the net sales of $1.86 billion in the comparable 2023 quarter, and 4.7% higher on a foreign currency adjusted basis.

Global Growth in Energy Drink Category

The energy drink category is growing globally, with APAC growing at 13.6%, EMEA at 11.1%, and Lat Am at 21.1% on FX-neutral basis compared to the same period last year.

Positive Market Share Trends

Monster gained market share in Great Britain, the Netherlands, Poland, Republic of Ireland, South Africa, and Spain during the 2024 third quarter.

Successful Launches and Innovations

The company launched several new products, including Monster Energy Ultra Viswava in the US and expanded the launch of Predator in China and India, with positive initial responses.

Increased Gross Profit Margins

Gross profit as a percentage of net sales for the 2024 third quarter increased to 53.2% from 53% in the 2023 third quarter.

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Monster Beverage (MNST) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MNST Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2025	2024 (Q4)	0.40 / -	0.35	―	―	―
Nov 07, 2024	2024 (Q3)	0.43 / 0.40	0.43	-6.98% (-0.03)	―
Aug 07, 2024	2024 (Q2)	0.45 / 0.41	0.39	5.13% (+0.02)	―
May 02, 2024	2024 (Q1)	0.43 / 0.42	0.38	10.53% (+0.04)	―
Feb 28, 2024	2023 (Q4)	0.38 / 0.35	0.285	22.81% (+0.07)	―
Nov 02, 2023	2023 (Q3)	0.40 / 0.43	0.3	43.33% (+0.13)	―
Aug 03, 2023	2023 (Q2)	0.39 / 0.39	0.255	52.94% (+0.14)	―
May 04, 2023	2023 (Q1)	0.33 / 0.38	0.275	38.18% (+0.10)	―
Feb 28, 2023	2022 (Q4)	0.31 / 0.28	0.3	-5.00% (-0.02)	―
Nov 03, 2022	2022 (Q3)	0.29 / 0.30	0.315	-4.76% (-0.02)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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MNST Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	$54.73	$54.14	-1.08%
Aug 07, 2024	$50.53	$45.00	-10.94%
May 02, 2024	$53.39	$55.00	+3.02%
Feb 28, 2024	$55.85	$59.10	+5.82%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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