Monster Beverage Q4 net sales jump 17.6% to $1.20B

March 3, 2021

Despite the ongoing impact of the COVID-19 pandemic, Corona, CA-based Monster Beverage Corp. (Nasdaq: MNST) on Feb. 26 reported record financial results for the three and 12 months ended Dec. 31, 2020.

Net sales for the 2020 fourth quarter increased 17.6% to $1.20 billion, from $1.02 billion in the same period last year.

Net sales for the 2020 fourth quarter were negatively impacted by $15.2 million related to product returns from our customers as a result of a European formulation issue with a limited number of products in Europe and a labeling issue concerning one product in Japan. Net changes in foreign currency exchange rates had an unfavorable impact on net sales for the 2020 fourth quarter of $7.1 million. 

Net sales for the company’s Monster Energy drinks segment, which primarily includes the Monster Energy and Reign Total Body Fuel high-performance energy drinks, increased 17.7% to $1.12 billion for the 2020 fourth quarter, from $953.2 million for the 2019 fourth quarter.

Monster’s net income for the 2020 fourth quarter increased 85% to $471.7 million, from $255.0 million in the 2019 fourth quarter. Net income per diluted share for the 2020 fourth quarter increased 87.5% to $0.88, from $0.47 in the fourth quarter of 2019.

Net sales for the 12months ended Dec. 31 increased 9.5% to $4.60 billion, from $4.20 billion in the comparable period last year. Net sales for 2020 were negatively impacted by $15.2 million related to product returns. Gross profit as a percentage of net sales for 2020 was 59%, compared with 60% in 2019.

Click here to full press release.

Related

Monster Energy Drink
Home

Hansen Natural Corp. Changes Name To Monster Beverage Corp.

Jan. 9, 2012
Hansen Natural Corp. received stockholders' approval to change its corporate name to Monster Beverage Corp.