Monster Beverage Q3 sales rise 1.3% to $1.88 billion; net income falls 18.1%
Monster Beverage reported third-quarter 2024 net sales up 1.3% to $1.88 billion, but net income fell 18.1% to $370.9 million and diluted earnings per share fell to $0.38 from $0.43. The results include $21.5 million in net-of-tax charges, and the company also disclosed a new director effective January 1, 2025 and a bylaw change adopting a majority voting standard for director elections.
Key points
- Q3 2024 net income was $370.9 million, down from $452.7 million; diluted EPS was $0.38 versus $0.43 a year earlier.
- Adjusted diluted EPS was $0.40 versus $0.41; the gap reflects $10.6 million in Alcohol Brands inventory reserves and $16.7 million in a Hansen intellectual property provision.
- William W. Douglas III was elected a director by the Board on November 6, 2024, effective January 1, 2025.
- Fourth Amended and Restated By-laws, effective November 6, 2024, adopt a majority voting standard for director nominees, with plurality voting retained for contested elections.
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 November 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.