By Sabela Ojea


Monster Beverage said revenue climbed in the fourth quarter, driven by its international expansion and growth across its main energy drinks and alcohol brands segment.

The energy-drink maker on Wednesday said profit rose to $367 million, or 35 cents a share, from $301.7 million, or 29 cents a share, for the same period a year earlier. Analysts polled by FactSet had forecast earnings per share of 43 cents.

Revenue climbed 14% to $1.73 billion, missing analysts expectations of $1.76 billion, according to FactSet.

"We continue to see sound growth in the energy drink market globally," Co-Chief Executive Hilton Schlosberg said after sales to customer outside the U.S. increased 17% to $637 million.


Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix


(END) Dow Jones Newswires

02-28-24 1707ET