Monster Beverage (MNST) rises on double-digit revenue growth in Q4, strong gross margin

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Go back to Monster Beverage (MNST) rises on double-digit revenue growth in Q4, strong gross margin

CORRECTION – Monster Beverage Reports 2023 Fourth Quarter and Full-Year Financial Results

February 28, 2024 11:11 PM EST

CORONA, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Press release amended to reflect a correction of the gross profit number for the three-months ended December 31, 2023 in the Condensed Consolidated Statements of Income and Other Information.

-- Record Fourth Quarter Net Sales Rise 14.4 Percent to $1.73 Billion --
-- Net Sales, Adjusted for Adverse Changes in Foreign Currency of $27.1 Million, Rise 16.1 Percent --
-- Gross Profit as a Percentage of Net Sales Improves to 54.2 Percent on a Reported Basis and to 54.5 Percent Excluding the Bang Inventory Step-Up --
-- Fourth... More