In This Article:
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Net Sales: $1.81 billion in Q4 2024, a 4.7% increase from $1.73 billion in Q4 2023.
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Gross Profit Margin: 55.3% in Q4 2024, up from 54.2% in Q4 2023.
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Operating Income: Decreased 12.2% to $381.2 million in Q4 2024 from $434 million in Q4 2023.
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Adjusted Operating Income: Increased 7.9% to $517.9 million in Q4 2024 from $480.1 million in Q4 2023.
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Net Income: $270.7 million in Q4 2024, down from $367 million in Q4 2023.
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Adjusted Net Income: $375.7 million in Q4 2024, compared to $402.4 million in Q4 2023.
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Diluted Earnings Per Share: Decreased to $0.28 in Q4 2024 from $0.35 in Q4 2023.
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Adjusted Diluted Earnings Per Share: Consistent at $0.38 for both Q4 2024 and Q4 2023.
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Operating Expenses: $621.2 million in Q4 2024, up from $504.4 million in Q4 2023.
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Effective Tax Rate: 29.9% in Q4 2024, up from 18.5% in Q4 2023.
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Net Sales Outside the US: $711.5 million, 39.3% of total net sales in Q4 2024.
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Foreign Currency Impact: Negative impact of $52.3 million on net sales in Q4 2024.
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Alcohol Brands Segment Sales: $34.9 million in Q4 2024, a decrease of 0.8% from Q4 2023.
Release Date: February 27, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Monster Beverage Corp (NASDAQ:MNST) achieved record fourth quarter net sales of $1.81 billion, a 4.7% increase from the previous year.
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The energy drink category continues to grow globally, with significant growth in regions such as EMEA (14.4%), APAC (11.8%), and LATAM (20.2%).
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Gross profit as a percentage of net sales increased to 55.3% in the fourth quarter, up from 54.2% in the previous year.
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Monster Beverage Corp (NASDAQ:MNST) is expanding its innovation pipeline with new product launches across various regions, including Monster Ultra Peachy Keen in Brazil and Monster Juiced Aussie Lemonade in EMEA.
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The company is optimistic about the long-term prospects for the Monster brand in China and India, with plans for further expansion of the Predator brand.
Negative Points
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Operating expenses increased significantly to $621.2 million in the fourth quarter, primarily due to impairment charges and increased payroll expenses.
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Net income for the fourth quarter decreased to $270.7 million from $367 million in the previous year.
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The effective tax rate increased to 29.9% in the fourth quarter, up from 18.5% in the previous year, impacting net income.
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Sales of certain energy drink brands, such as Reign and Full Throttle, experienced declines in the latest reporting periods.
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The company faced challenges in the alcohol brands segment, with net sales decreasing and impairment charges impacting profitability.