Monster Energy: Earnings Q4 2023 and FY 2023

Detailed Financial Results

Q4 2023

• Net sales 1.730,1 (+14%)

• Gross profit 791,7 (728,6)

• Gross margin 54.2%

• Operating expenses 504,4 (389,9)

• Operating income 433,9 (394,3)

• Interest and other income (expense), net 16.117 (-825)

• Net income 366,9 (+21.6%)

• Net income per common share diluted 0.35 (0.29)

• Weighted average number of shares of common stock and common stock equivalents diluted 1.052.524 (1.058.310)

• Share repurchases 43.2

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Metrics

• Energy Drink Case sales 185.304 (166.227)

• Average net sales per case 9.12 (8.91)

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Segment Revenue

• Monster Energy Drinks 1.600 (+15.1%)

• Strategic Brands 91.8 (-1.3%)

• Alcohol Brands 35.2 (+30.6%)

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FY 2023

• Net sales 7.140 (6.311)

• Gross profit 3.794 (3.175)

• Operating expenses 1.841 (1.590)

• Operating income 1.953 (1.585)

• Interest and other income (expense), net 115,1 (-12,7)

• Net income 1.631 (1.192)

• Net income per common share diluted 1.54 (1.12)

• Weighted average number of shares of common stock and common stock equivalents diluted 1.057.981 (1.066.442)

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• Cash and cash equivalents 2.298 (1.307)

• Short-term investments 955.6 (1.362)

• Inventories 971.4 (935.6)

• Total assets 9.687 (8.293)

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Metrics

• Energy Drink Case sales 769.241 (701.677)

• Average net sales per case 9.01 (8.82)