The company said net sales for Q3 2024 rose to $1.88 billion from $1.86 billion a year earlier, an increase of 1.3%. It said changes in foreign currency exchange rates had an unfavorable impact of $62.8 million on net sales.

1. 01

   The company said net sales for Q3 2024 rose to $1.88 billion from $1.86 billion a year earlier, an increase of 1.3%. It said changes in foreign currency exchange rates had an unfavorable impact of $62.8 million on net sales.

2. 02

   Monster Beverage said net income for Q3 2024 fell 18.1%, a decrease of $370.9 million, and diluted earnings per share were $0.38 (compared with $0.43 a year earlier). Adjusted diluted earnings per share were $0.40 (compared with $0.41).

3. 03

   The company said operating expenses for Q3 2024 reflected a $16.7 million provision related to an intellectual property claim by the descendants of Hubert Hansen, along with $1.2 million in legal expenses. It also said an inventory reserve of $10.6 million tied to excess inventory in the Alcohol Brands segment was recorded in gross profit.

4. 04

   The company said it repurchased about 11.3 million shares during Q3 2024 at an average price of $47.32, for a total of $534.7 million. Cash and cash equivalents were $1,625,339 thousand as of September 30, 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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