CORONA, Calif., Nov. 6, 2014 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (Nasdaq:MNST) today reported financial results for the third quarter and nine months ended September 30, 2014.
2014 Third Quarter
Gross sales for the 2014 third quarter increased 7.5 percent to $738.1 million from $686.6 million in the same period last year. Net sales for the three-months ended September 30, 2014 increased 7.7 percent to $636.0 million from $590.4 million in the same quarter a year ago.
Gross profit, as a percentage of net sales, for the 2014 third quarter was 53.8 percent, compared with 52.1 percent for the 2013 third quarter. Operating expenses for the 2014 third quarter decreased to $152.0 million from $156.0 million in the same quarter last year. Operating expenses as a percentage of net sales decreased to 23.9 percent from 26.4 percent in the same quarter last year.
Net income for the 2014 third quarter increased 31.9 percent to $121.6 million from $92.2 million in the same quarter last year. Net income per diluted share increased 31.7 percent to $0.70, from $0.53 in the 2013 comparable quarter. Full report.
