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Monster Beverage | 10-Q: Q3 2024 Earnings Report

Monster Beverage | 10-Q: Q3 2024 Earnings Report

怪物飲料 | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/08 12:35

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Monster Beverage Corporation reported Q3 2024 net sales of $1.88 billion, up 1.3% from $1.86 billion in Q3 2023, marking record third-quarter sales despite foreign currency headwinds of $62.8 million. The Monster Energy Drinks segment contributed 91.6% of net sales at $1.72 billion, while Strategic Brands revenue grew 14% to $112.6 million.Gross profit increased 1.6% to $999.8 million, with gross margin improving to 53.2% from 53.0%, driven by lower input costs and pricing actions. However, operating expenses rose 9.9% to $519.9 million due to increased payroll costs and marketing expenses. Operating income declined 6% to $479.9 million, with operating margin decreasing to 25.5% from 27.5%.Net income fell 18.1% to $370.9 million compared to $452.7 million in Q3 2023, impacted by higher operating expenses and lower interest income. The company repurchased approximately 11.3 million shares for $539.9 million during the quarter and implemented a 5% price increase on core brands effective November 2024. International sales represented 40% of total revenue at $760.1 million.
Monster Beverage Corporation reported Q3 2024 net sales of $1.88 billion, up 1.3% from $1.86 billion in Q3 2023, marking record third-quarter sales despite foreign currency headwinds of $62.8 million. The Monster Energy Drinks segment contributed 91.6% of net sales at $1.72 billion, while Strategic Brands revenue grew 14% to $112.6 million.Gross profit increased 1.6% to $999.8 million, with gross margin improving to 53.2% from 53.0%, driven by lower input costs and pricing actions. However, operating expenses rose 9.9% to $519.9 million due to increased payroll costs and marketing expenses. Operating income declined 6% to $479.9 million, with operating margin decreasing to 25.5% from 27.5%.Net income fell 18.1% to $370.9 million compared to $452.7 million in Q3 2023, impacted by higher operating expenses and lower interest income. The company repurchased approximately 11.3 million shares for $539.9 million during the quarter and implemented a 5% price increase on core brands effective November 2024. International sales represented 40% of total revenue at $760.1 million.
怪物飲料公司報告了2024年第三季度淨銷售額爲18.8億美金,同比增長1.3%,而2023年第三季度爲18.6億美金,儘管受到6280萬美金的外匯壓力,創下了第三季度銷售的新紀錄。怪物能源飲料部門貢獻了91.6%的淨銷售額,達到17.2億美金,而戰略品牌的營業收入增長了14%,達到了11260萬美金。毛利潤增加了1.6%,達到99980萬美金,毛利率從53.0%提高到53.2%,主要得益於較低的投入成本和價格措施。然而,營業費用因人力成本和市場營銷費用的增加上漲了9.9%,達到了51990萬美金。營業收入下降了6%,爲47990萬美金,營業利潤率從27.5%降至25.5%。與2023年第三季度...展開全部
怪物飲料公司報告了2024年第三季度淨銷售額爲18.8億美金,同比增長1.3%,而2023年第三季度爲18.6億美金,儘管受到6280萬美金的外匯壓力,創下了第三季度銷售的新紀錄。怪物能源飲料部門貢獻了91.6%的淨銷售額,達到17.2億美金,而戰略品牌的營業收入增長了14%,達到了11260萬美金。毛利潤增加了1.6%,達到99980萬美金,毛利率從53.0%提高到53.2%,主要得益於較低的投入成本和價格措施。然而,營業費用因人力成本和市場營銷費用的增加上漲了9.9%,達到了51990萬美金。營業收入下降了6%,爲47990萬美金,營業利潤率從27.5%降至25.5%。與2023年第三季度的45270萬美金相比,凈利潤下降了18.1%,爲37090萬美金,受到營業費用上升和利息收入下降的影響。公司在本季度回購了大約1130萬股,花費了53990萬美金,並於2024年11月對核心品牌實施了5%的價格漲幅。國際銷售佔總營業收入的40%,爲76010萬美金。
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