NASDAQ$MNST
Monster Beverage Corp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported record first quarter net sales with an increase of 11.9 percent, and operating income increased by 21.4 percent.
Monster Beverage Corporation reported record first quarter net sales of $1.70 billion, an 11.9 percent increase compared to the previous year. The company's operating income also rose by 21.4 percent to $485.1 million. Gross profit margins continued to increase on a sequential quarterly basis, driven by pricing actions, decreased freight-in costs, and decreased aluminum can costs.
- Net sales increased by 11.9 percent to $1.70 billion, a record for the first quarter.
- Operating income increased by 21.4 percent to $485.1 million.
- Gross profit margins continued to increase on a sequential quarterly basis.
- The company launched several new products, including Monster Energy® Zero Sugar and Reign Storm® Total Wellness energy drink.
Headline financials
Revenue & EPS history
Monster Beverage · Revenue · Quarterly
$1.7B
Revenue by segment
Monster Beverage · $1.7B total across 4 segments · Q1 2023
- Monster Energy Drinks$1.56B+11.4%91.9%
- Strategic Brands$86.4M-6.7%5.1%
- Alcohol Brands$46.3M+204.6%2.7%
- Other$4.6M-22.0%0.3%
Forward guidance
The company is focused on continuing revenue growth, managing costs, and expanding its product offerings, both alcoholic and non-alcoholic beverages. They anticipate additional price increases in international markets and are transitioning the Monster brand to the Coca-Cola distribution system in the Philippines.
Tailwinds
- Continued revenue growth expected.
- Focus on managing costs and supply chain challenges.
- Expansion of product offerings in both alcoholic and non-alcoholic beverages.
- Additional price increases planned in international markets.
- Transitioning the Monster brand to the Coca-Cola distribution system in the Philippines.
Headwinds
- The quarter was adversely impacted by the strength of the United States dollar.
- Increases in certain ingredients and other input costs, as well as co-packing fees, remain challenging.
- Supply chain disruptions.
- Volatility in commodity prices.
- Increased economic uncertainty and escalating geopolitical tensions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+1.2%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+2.1%
Avg return
30 days after
58%
40 / 69 earnings
Positive
+15.7%
Q1 2016
Best reaction
-19.9%
Q2 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.6% | +9.6% | +16.1% | |
| Q4 2025 | +1.5% | -9.3% | -17.1% | |
| Q3 2025 | +5.1% | +6.3% | +11.2% | |
| Q2 2025 | +0.0% | -0.8% | -2.6% | |
| Q1 2025 | +1.5% | +1.4% | +5.4% | |
| Q4 2024 | +5.3% | +6.6% | +11.4% | |
| Q3 2024 | -0.6% | +2.9% | -4.0% | |
| Q2 2024 | -11.4% | -9.7% | -4.2% | |
| Q1 2024 | +2.7% | +2.1% | -3.0% | |
| Q4 2023 | +5.3% | +4.3% | +5.6% | |
| Q3 2023 | +7.6% | +8.4% | +6.9% | |
| Q2 2023 | -4.4% | -0.4% | -1.9% | |
| Q1 2023 | +2.3% | +0.6% | +1.9% | |
| Q4 2022 | -3.0% | -0.3% | +2.6% | |
| Q3 2022 | +6.8% | +6.7% | +13.4% | |
| Q2 2022 | -4.9% | -7.5% | -8.0% | |
| Q1 2022 | +0.0% | -2.9% | +2.5% | |
| Q4 2021 | +6.5% | +4.8% | -0.9% | |
| Q3 2021 | +4.9% | +5.1% | -4.1% | |
| Q2 2021 | +5.4% | +7.4% | +6.1% | |
| Q1 2021 | -3.4% | -3.1% | +1.0% | |
| Q4 2020 | -0.6% | -1.5% | +3.9% | |
| Q3 2020 | +0.7% | -1.4% | +5.7% | |
| Q2 2020 | +6.8% | +6.9% | +6.2% | |
| Q1 2020 | +7.3% | +8.0% | +17.8% | |
| Q4 2019 | -5.3% | -3.2% | -14.4% | |
| Q3 2019 | +3.9% | +4.3% | +7.2% | |
| Q2 2019 | +3.3% | -6.1% | -5.0% | |
| Q1 2019 | +8.9% | +6.3% | +6.8% | |
| Q4 2018 | +8.7% | +10.7% | -7.1% | |
| Q3 2018 | -1.2% | -0.1% | +4.8% | |
| Q2 2018 | +2.0% | +1.1% | +0.9% | |
| Q1 2018 | -7.9% | -7.6% | -0.9% | |
| Q4 2017 | -15.5% | -13.1% | -10.8% | |
| Q3 2017 | +1.3% | +7.4% | +9.2% | |
| Q2 2017 | -1.6% | +1.8% | +6.6% | |
| Q1 2017 | +5.6% | +6.8% | +14.1% | |
| Q4 2016 | +14.3% | +13.4% | +11.4% | |
| Q3 2016 | -6.3% | -5.7% | -7.6% | |
| Q2 2016 | +3.0% | +0.9% | -2.5% | |
| Q1 2016 | +15.7% | — | — | |
| Q4 2015 | -1.2% | — | — | |
| Q3 2015 | +13.1% | — | — | |
| Q2 2015 | -3.2% | — | — | |
| Q1 2015 | -8.5% | — | — | |
| Q4 2014 | +14.0% | — | — | |
| Q3 2014 | +9.3% | — | — | |
| Q2 2014 | +5.2% | — | — | |
| Q1 2014 | +2.9% | — | — | |
| Q4 2013 | +4.2% | — | — | |
| Q3 2013 | -4.7% | — | — | |
| Q2 2013 | +2.0% | — | — | |
| Q1 2013 | -5.6% | — | — | |
| Q4 2012 | -1.3% | — | — | |
| Q3 2012 | +1.8% | — | — | |
| Q2 2012 | -19.9% | — | — | |
| Q1 2012 | +9.6% | — | — | |
| Q4 2011 | +0.7% | — | — | |
| Q3 2011 | -4.7% | — | — | |
| Q2 2011 | +11.0% | — | — | |
| Q1 2010 | -0.7% | — | — | |
| Q1 2011 | +1.2% | — | — | |
| Q4 2008 | -3.7% | — | — | |
| Q4 2010 | -3.7% | — | — | |
| Q3 2010 | -2.8% | — | — | |
| Q3 2009 | -2.8% | — | — | |
| Q2 2010 | +1.6% | — | — | |
| Q2 2009 | +1.6% | — | — | |
| Q4 2009 | +1.6% | — | — |
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