Earnings Call Summary | Monster Beverage(MNST.US) Q1 2024 Earnings Conference
Earnings Call Summary | Monster Beverage(MNST.US) Q1 2024 Earnings Conference
The following is a summary of the Monster Beverage Corporation (MNST) Q1 2024 Earnings Call Transcript:
以下是怪獸飲料公司（MNST）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Monster Beverage reported Q1 2024 net sales of $1.9 billion, up 11.8% from the same period in 2023.
Gross profit increased to 54.1% of net sales, driven by decreased freight costs and pricing actions.
Operating expenses rose due to heightened marketing, storage, and payroll expenses, resulting in an operating income of $542 million.
The effective tax rate for Q1 2024 was 23.5%, an increase from 20.1% in Q1 2023 due to a decrease in stock-based compensation deduction.
Net income rose 11.2% to $442 million, with diluted earnings per share rising to $0.42 from $0.38.
Foreign currency exchange rates negatively impacted net sales by $64.4 million in Q1 2024.
The company implemented a stock buyback, purchasing about 1.8 million shares at an average price of $54.96 per share.
Monster Beverage報告稱，2024年第一季度淨銷售額爲19億美元，較2023年同期增長11.8％。
在運費成本下降和定價舉措的推動下，毛利潤增長至淨銷售額的54.1％。
由於營銷、存儲和工資支出的增加，運營費用增加，營業收入爲5.42億美元。
由於股票薪酬扣除的減少，2024年第一季度的有效稅率爲23.5％，高於2023年第一季度的20.1％。
淨收益增長11.2％，至4.42億美元，攤薄後的每股收益從0.38美元增至0.42美元。
外匯匯率對2024年第一季度的淨銷售額產生了6,440萬美元的負面影響。
該公司實施了股票回購，以每股54.96美元的平均價格購買了約180萬股股票。
Business Progress:
業務進展：
Monster Beverage maintains a leading market share in the US energy drink sector despite a 1.4% sales decline in its flagship brand.
The company implemented price increases in multiple international markets and continually evaluates potential pricing actions domestically and internationally.
Beast Unleashed expanded into 49 states, with plans for full U.S. distribution by summer's end 2024.
The company launched multiple new products in Q1 2024, including the Monster Energy Zero Sugar, and announced expansion of affordable energy brands, Predator and Fury.
A juice facility is under construction at the flavor facility in Ireland.
A tender offer to repurchase up to $3 billion of common stock is due to commence subject to market conditions.
Monster reported a 12.9% sales increase in April 2024 compared to April 2023.
The acquisition of the Bang Energy brand was announced, with projected sales acceleration due to marketing momentum.
The company plans to increase prices later this year, with announcements to bottle and retailer partners upcoming.
The company continues to see strong sales in non-measured channels and is considering disclosing these figures in the future.
儘管旗艦品牌的銷售額下降了1.4％，但Monster Beverage在美國能量飲料領域仍保持領先的市場份額。
該公司在多個國際市場實施了提價，並不斷評估國內和國際上潛在的定價行動。
Beast Unleashed擴展到49個州，並計劃在2024年夏末之前在美國全面發行。
該公司在2024年第一季度推出了多款新產品，包括Monster Energy Zero Sugar，並宣佈擴大平價能源品牌Predator和Fury。
愛爾蘭的調味設施正在建設果汁設施。
回購高達30億美元的普通股的要約將開始，但須視市場情況而定。
Monster 報告稱，與 2023 年 4 月相比，2024 年 4 月的銷售額增長了 12.9%。
宣佈收購Bang Energy品牌，由於營銷勢頭，預計銷售將加速。
該公司計劃在今年晚些時候提高價格，並即將向瓶裝和零售商合作伙伴發佈公告。
該公司在非計量渠道中繼續保持強勁的銷售勢頭，並正在考慮將來披露這些數字。
More details: Monster Beverage IR
更多詳情： 怪獸飲料紅外線
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。