NASDAQ$MNST

Monster Beverage Corp · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Monster Beverage reported Q1 2025 net sales of $1.85B with net income of $443.0M and diluted EPS of $0.45.

Net sales fell 2.3% to $1.85B as bottler ordering patterns, FX, alcohol brands weakness, and one fewer selling day weighed on the quarter. Net income was $443.0M, or $0.45 per diluted share, roughly flat year over year despite softer top-line trends.

  • Q1 net sales $1.85B (-2.3% YoY); FX-adjusted sales +0.7%.
  • Net income $443.0M; diluted EPS $0.45.
  • Monster Energy drinks segment $1.72B of sales.
  • International net sales $733.2M with FX headwinds.
  • Management cites distributor ordering and macro uncertainty.

Headline financials

Total Revenue

$1.85B

Previous: $1.9B-2.3%
EPS (adj)

$0.45

Previous: $0.42+7.1%
Gross Margin

56.5%

Previous: 54.1%+4.4%
Operating Expenses

$478M

Previous: $485M-1.4%
OpEx % of Sales

25.8%

Previous: 25.5%+1.2%
Operating Margin

30.7%

Previous: 28.5%+7.7%
Interest & Other Income

$8.27M

Previous: $35.8M-76.9%
Income Before Taxes

$578M

Previous: $578M+0.0%
Income Tax Provision

$135M

Previous: $136M-0.5%
Effective Tax Rate

23.4%

Previous: 23.5%-0.4%
Net Margin

23.9%

Previous: 23.3%+2.6%
Basic EPS

$0.45

Previous: $0.42+7.1%
Weighted Avg Basic Shares

973.6M

Previous: 1.0B-6.5%
Weighted Avg Diluted Shares

981.3M

Previous: 1.1B-6.7%
Energy Drink Case Sales

213.1M

Previous: 211.4M+0.8%
Avg Net Sales per Case

$8.51

Previous: $8.69-2.1%
Distribution Expenses

$77.6M

Previous: $94.4M-17.8%
Distribution % of Sales

4.2%

Previous: 5.0%-16.0%
Selling Expenses

$172M

Previous: $174M-1.2%
Selling % of Sales

9.3%

Previous: 9.2%+1.1%
G&A Expenses

$228M

Previous: $216M+5.6%
G&A % of Sales

12.3%

Previous: 11.4%+7.9%
Stock-Based Compensation

$20.7M

Previous: $22.5M-8.0%
Capital Expenditures

-$29.1M

Previous: -$66M+56.0%
Net Income

$443M

Previous: $442M+0.2%
Operating Income

$570M

Previous: $542M+5.1%
Gross Profit

$1.05B

Previous: $1.03B+2.0%

Revenue & EPS history

Monster Beverage · Revenue · Quarterly

$1.85B

Q1 2025-2.3%vs Q1 2024
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Monster Beverage · $1.86B total across 4 segments · Q3 2023

  • Monster Energy Drinks
    $1.71B+14.0%
  • Strategic Brands
    $98.8M+11.3%
  • Alcohol Brands
    $42.3M+57.8%
  • Other
    $6.7M+4.7%

Forward guidance

Consumer and building-products names discuss volume, pricing, and input costs rather than quarterly EPS targets in the 10-Q.

Tailwinds

  • Brand strength and innovation support share.
  • International and channel expansion opportunities.
  • Cost programs and mix support margins when volumes stabilize.

Headwinds

  • Weather, FX, and distributor ordering patterns.
  • Input-cost inflation and promotional spending.
  • Category softness in select end markets.

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 2025

Historical avgQ1 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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