Monster Beverage said net sales for Q4 2024 increased 4.7% to $1.81 billion. The company said foreign currency exchange rate changes had an unfavorable impact of $52.3 million on net sales, and net sales increased 7.8% on a foreign currency adjusted basis.

1. 01

   Monster Beverage said net sales for Q4 2024 increased 4.7% to $1.81 billion. The company said foreign currency exchange rate changes had an unfavorable impact of $52.3 million on net sales, and net sales increased 7.8% on a foreign currency adjusted basis.

2. 02

   Monster Beverage said net income for Q4 2024 decreased 26.2% to $270.7 million, and adjusted net income on a non-GAAP basis decreased 6.6% to $375.7 million. Diluted net income per share was $0.28 on a GAAP basis and $0.38 on an adjusted basis.

3. 03

   Monster Beverage said Q4 2024 included an unfavorable impact of $130.7 million relating to Alcohol Brands segment impairment charges and $4.1 million relating to reserves for excess inventory in the Alcohol Brands segment. The company also disclosed an unfavorable impact of $1.8 million relating to Hansen Litigation.

4. 04

   Monster Beverage said full-year 2024 net sales increased 4.9% to $7.49 billion, and net income decreased 7.5% to $1.51 billion. Diluted net income per share was $1.49, and adjusted diluted net income per share was $1.62.

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Original filing

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