Monster Beverage Corporation Reports Earnings Results for the First Quarter Ended March 31, 2021
May 06, 2021 at 02:10 pm EDT
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Monster Beverage Corporation announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 1,243.816 million compared to USD 1,062.097 million a year ago. Operating income was USD 414.146 million compared to USD 364.988 million a year ago. Net income was USD 315.194 million compared to USD 278.835 million a year ago. Basic earnings per share from continuing operations was USD 0.6 compared to USD 0.52 a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to USD 0.52 a year ago.
Monster Beverage Corporation specializes in the development and marketing of beverages. Net sales break down by product family as follows:
- energy drinks (98%): primarily carbonated and non-carbonated energy drinks (Monster Energy®, Monster Energy Ultra®, Monster Rehab®, Monster Energy® Nitro, Java Monster®, Punch Monster®, Juice Monster®, Monster Hydro®, Monster Super Fuel®, Monster Dragon Tea®, Reign Total Body Fuel®, Reign Inferno®, Reign Storm®, True North®, NOS®, Full Throttle®, Burn®, Mother®, Nalu®, Ultra Energy®, Play®, Power Play®, Relentless®, BPM®, BU®, Gladiator®, Samurai®, Live+®, Predator®, Fury®, etc. brands);
- alcoholic beverages (1.6%): primarily beers, hard seltzers and flavored malt beverages (Cigar City®, Oskar Blues®, Deep Ellum®, Squatters®, Wild Basin®, Wasatch®, Perrin®, The Beast Unleashed®, etc. brands);
- other (0.4%).
Products are made and bottled by sub-contractors.
Net sales are distributed geographically as follows: the United States and Canada (65.2%), Europe/Middle East/Africa (19.5%), Latin America and Caribbean (8.1%) and Asia/Pacific (7.2%).
MONSTER BEVERAGE CORPORATION 
