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Monster Beverage | 10-Q: Q3 2024 Earnings Report

Monster Beverage | 10-Q: Q3 2024 Earnings Report

怪物饮料 | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/09 02:35

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Monster Beverage Corporation reported Q3 2024 net sales of $1.88 billion, up 1.3% year-over-year. Net income decreased 18.1% to $370.9 million, while gross profit rose 1.6% to $999.8 million. The Monster Energy Drinks segment saw a 0.8% increase in net sales to $1.72 billion.Operating expenses grew 9.9% to $519.9 million, primarily due to increased payroll and marketing costs. Foreign currency exchange rates negatively impacted net sales by approximately $62.8 million. The company's gross profit margin improved slightly to 53.2% from 53.0% in Q3 2023.International net sales increased 3.6% to $760.1 million, representing 40% of total net sales. The company repurchased approximately 11.3 million shares for $534.7 million during the quarter. As of September 30, 2024, Monster had $1.63 billion in cash and cash equivalents, with $500 million remaining available for share repurchases under its latest authorization.
Monster Beverage Corporation reported Q3 2024 net sales of $1.88 billion, up 1.3% year-over-year. Net income decreased 18.1% to $370.9 million, while gross profit rose 1.6% to $999.8 million. The Monster Energy Drinks segment saw a 0.8% increase in net sales to $1.72 billion.Operating expenses grew 9.9% to $519.9 million, primarily due to increased payroll and marketing costs. Foreign currency exchange rates negatively impacted net sales by approximately $62.8 million. The company's gross profit margin improved slightly to 53.2% from 53.0% in Q3 2023.International net sales increased 3.6% to $760.1 million, representing 40% of total net sales. The company repurchased approximately 11.3 million shares for $534.7 million during the quarter. As of September 30, 2024, Monster had $1.63 billion in cash and cash equivalents, with $500 million remaining available for share repurchases under its latest authorization.
怪物饮料公司报告2024年第三季度净销售额为18.8亿美金,同比增长1.3%。净利润下降18.1%,至37090万美金,而毛利润增长1.6%,达到99980万美金。怪物能源饮料部门的净销售额增加了0.8%,达到17.2亿美金。营业费用增长了9.9%,达到51990万美金,这主要是由于工资和营销成本的增加。外汇汇率对净销售产生了约6280万美金的负面影响。公司的毛利润率略微提升至53.2%,高于2023年第三季度的53.0%。国际净销售增长了3.6%,达到76010万美金,占总净销售的40%。公司在本季度回购了约1130万股,耗资53470万美金。截至2024年9月30日,怪物饮料公司拥有现金及现金等价物16.3亿美金, 可用于按最新授权回购股票的剩余资金为50000万美金。
怪物饮料公司报告2024年第三季度净销售额为18.8亿美金,同比增长1.3%。净利润下降18.1%,至37090万美金,而毛利润增长1.6%,达到99980万美金。怪物能源饮料部门的净销售额增加了0.8%,达到17.2亿美金。营业费用增长了9.9%,达到51990万美金,这主要是由于工资和营销成本的增加。外汇汇率对净销售产生了约6280万美金的负面影响。公司的毛利润率略微提升至53.2%,高于2023年第三季度的53.0%。国际净销售增长了3.6%,达到76010万美金,占总净销售的40%。公司在本季度回购了约1130万股,耗资53470万美金。截至2024年9月30日,怪物饮料公司拥有现金及现金等价物16.3亿美金, 可用于按最新授权回购股票的剩余资金为50000万美金。
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