Monster Beverage Corporation reported Q2 2024 net sales of $1.90 billion, up 2.5% year-over-year, with net income rising 2.8% to $425.4 million. The Monster Energy Drinks segment saw a 3.3% increase in net sales to $1.74 billion, while the Strategic Brands segment grew 9.6% to $109.2 million. However, the Alcohol Brands segment declined 31.9% to $41.6 million.Gross profit increased 4.6% to $1.02 billion, with gross margin improving to 53.6% from 52.5% in Q2 2023. Operating income rose slightly by 0.6% to $527.2 million. The company faced challenges from unfavorable foreign currency exchange rates, which negatively impacted net sales by approximately $67.7 million.Monster Beverage completed a $3 billion modified "Dutch auction" tender offer, repurchasing approximately 56.6 million shares at $53.00 per share. The company also entered into a new $1.50 billion credit facility, consisting of a $750 million term loan and a $750 million revolving credit facility. Looking ahead, Monster plans to implement price increases on certain Monster Energy brand drinks in the U.S. market during Q4 2024.

Monster Beverage Corporation reported Q2 2024 net sales of $1.90 billion, up 2.5% year-over-year, with net income rising 2.8% to $425.4 million. The Monster Energy Drinks segment saw a 3.3% increase in net sales to $1.74 billion, while the Strategic Brands segment grew 9.6% to $109.2 million. However, the Alcohol Brands segment declined 31.9% to $41.6 million.Gross profit increased 4.6% to $1.02 billion, with gross margin improving to 53.6% from 52.5% in Q2 2023. Operating income rose slightly by 0.6% to $527.2 million. The company faced challenges from unfavorable foreign currency exchange rates, which negatively impacted net sales by approximately $67.7 million.Monster Beverage completed a $3 billion modified "Dutch auction" tender offer, repurchasing approximately 56.6 million shares at $53.00 per share. The company also entered into a new $1.50 billion credit facility, consisting of a $750 million term loan and a $750 million revolving credit facility. Looking ahead, Monster plans to implement price increases on certain Monster Energy brand drinks in the U.S. market during Q4 2024.