Roth/MKM Comments on Monster Beverage (MNST)
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Monster Beverage Reports 2024 First Quarter Results
May 2, 2024 4:04 PM EDT-- Record First Quarter Net Sales Rise 11.8 Percent to $1.90 Billion --
-- Net Sales, Adjusted for Adverse Changes in Foreign Currency of $64.4 Million,
Rise 15.6 Percent (12.6 Percent Exclusive of Argentinas Impact) --
-- First Quarter Gross Profit as a Percentage of Net Sales Improves to 54.1 Percent --
-- First Quarter Net Income Increases 11.2 Percent to $442.0 Million --
-- Company Currently Intends to Commence Tender Offer to Repurchase up to
$3.0 Billion of Common Stock --
CORONA,... More
