MNST Earnings Prediction
The chart below shows how MNST performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MNST sees a -1.49% change in stock price 10 days leading up to the earnings, and a +2.10% change 10 days following the report. On the earnings day itself, the stock moves by -0.48%. This data can give you a slight idea of what to expect for the next quarter's release.
MNST Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.88B
1.34%
-1.03%
Gross Margin
53.15%
0.32%
-0.88%
Operating Margin
25.51%
-7.27%
-8.04%
Net Margin
19.72%
-19.15%
-11.89%
EPS
0.38
-11.63%
-7.32%
No Data Available
MNST Earnings Analysis
Monster Beverage Corporation Corporation (MNST.O) Earnings Conference Call
Positive
Global Energy Drink Growth: The energy drink category continues to grow globally and has demonstrated resilience.
Energy Drink Market Growth: In the United States, the energy drink category is growing at a faster rate in all measured channels, excluding convenience.
Energy Drink Sales Growth: Sales in the energy drink category increased by 3.7% versus the same period a year ago, while sales of the Company’s energy brands including Bang were up 2.9%.
Net Sales Increase: Net sales for the 2024 third quarter were $1.88 billion, or 1.3% higher than net sales of $1.86 billion in the comparable 2023 quarter, 4.7% higher on a foreign currency adjusted basis.
Record Third Quarter Sales: The Company achieved record third quarter net sales of $1.88 billion in the 2024 third quarter, reflecting strong performance in the energy drink category.
Negative
Gross Profit Decline Factors: Gross profit for the 2024 third quarter was adversely impacted by an increase in inventory reserves, due to excess inventory levels in the Alcohol Brands segment of $10.6 million.
Legal Expenses Impact: Operating expenses for the 2024 third quarter were adversely impacted by a $16.7 million provision and $1.2 million of Company incurred legal expenses in connection with an intellectual property claim brought by the descendants of Hubert Hansen.
Net Income Decline: Net income for the 2024 third quarter decreased by $21.5 million and net income per diluted share by $0.02 per share.
Earnings Per Share Decline: Diluted earnings per share on a pro forma basis for the 2024 third quarter adjusted for these items was $0.40 per share, down from $0.41 per share in the 2023 comparable quarter.
Alcohol Brands Sales Decline: Net sales in the Alcohol Brands segment were $39.8 million in the 2024 third quarter, a decrease of approximately $2.5 million or 6% lower than the 2023 comparable quarter, mainly as a result of lower sales of craft beers.
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MNST Earning Call Sentiment
Monster Beverage Corporation (MNST) Q3 2024 Earnings Call Transcript
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00:00
00:00
MNST.O
2.2%Positive
The earnings call reflects mixed signals. While there are positive aspects such as international sales growth, improved gross margin, and a significant share repurchase program, there are also negative factors including decreased net income, operating income, and EPS, alongside challenges like foreign currency impacts and increased operating expenses. The Q&A section highlights management's optimism but also reveals uncertainty regarding inventory impacts and market conditions. These mixed elements suggest a neutral stock price movement, as the positives and negatives seem to balance out.