Monster Beverage Reports 2014 Second Quarter Financial Results

CORONA, Calif., Aug. 7, 2014 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (Nasdaq:MNST) today reported financial results for the second quarter ended June 30, 2014.

2014 Second Quarter

Gross sales for the 2014 second quarter increased 7.6 percent to $779.0 million from $723.9 million in the same period last year. Net sales for the three-months ended June 30, 2014 increased 8.9 percent to $687.2 million from $630.9 million in the same quarter a year ago.

Gross profit, as a percentage of net sales, for the 2014 second quarter was 55.2 percent, compared with 53.3 percent for the 2013 second quarter. Operating expenses for the 2014 second quarter increased to $163.5 million from $156.8 million in the same quarter last year. Operating expenses as a percentage of net sales decreased to 23.8 percent from 24.9 percent in the same quarter last year.

Net income for the 2014 second quarter increased 31.9 percent to $141.0 million from $106.9 million in the same quarter last year. Net income per diluted share increased 31.5 percent to $0.81, from $0.62 per diluted share in the 2013 comparable quarter.

Net sales for the Company's DSD segment for the 2014 second quarter increased 9.8 percent to $660.1 million from $601.0 million for the same period in 2013. Full report.

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