Monster Beverage Q2 sales rise 2.5% to $1.90 billion; diluted EPS up 5.0% to $0.41
Monster Beverage reported second-quarter 2024 net sales of $1.90 billion, up 2.5% from a year earlier, and diluted earnings per share of $0.41, up 5.0%. Net income rose 2.8% to $425.4 million, while unfavorable foreign currency changes reduced net sales by $67.7 million.
Key points
- Q2 net sales rose 2.5% to $1.90 billion; net sales excluding the Alcohol Brands segment, adjusted for currency, rose 7.4%.
- Gross profit as a percentage of net sales was 53.6%, compared with 52.5% a year earlier.
- Operating expenses rose to $492.3 million from $450.4 million, and Q2 operating income was $527.2 million versus $523.8 million.
- Alcohol Brands segment net sales fell 31.9% to $41.6 million; a conference call is scheduled for August 7, 2024 at 2:00 p.m. Pacific Time.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.