Monster Beverage Corp (OQ:MNST)
Business Focus: Energy Drinks
| Sector: Consumer Non-Cyclicals | Industry: Non-Alcoholic Beverages |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1 Monster Way CORONA CA 92879-7101 |
| Tel: | 1-310-2795980 |
| Website: | https://monsterbevcorp.com |
| IR: | See website |
| Key People | ||
| Rodney Cyril Sacks Chairman of the Board, Co-Chief Executive Officer | Hilton H. Schlosberg Co-Chief Executive Officer, Vice Chairman of the Board | Thomas J. Kelly Chief Financial Officer |
| Guy P. Carling President, EMEA | Emelie C. Tirre President, Americas | |
| Business Overview |
| Monster Beverage 1990 Corporation is a holding company. Through its subsidiaries, it develops, markets, sells and distributes energy drink beverages and concentrates on energy drink beverages under various brand names. The Company's segments include Monster Energy Drinks, which is comprised of its Monster Energy drinks, Reign Total Body Fuel high performance energy drinks, Monster Tour Water and True North Pure Energy Seltzers; Strategic Brands segment, which is comprised of the various energy drink brands; Alcohol Brands segment, which is comprised of the various craft beers and hard seltzers, as well as The Beast Unleashed FMBs, and Other segment, which is comprised of certain products sold by American Fruits and Flavors LLC, a wholly owned subsidiary of the Company, to independent third-party customers. Its brands include Monster Energy Ultra, Java Monster, Juice Monster, Monster Hydro Super Sport, Monster Dragon Tea, Reign Total Body Fuel, True North, Mother, and Predator. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Monster Beverage Corp revenues increased 13% to $7.14B. Net income increased 37% to $1.63B. Revenues reflect Monster Energy® Drinks segment increase of 12% to $6.56B, Alcohol Brands segment increase of 82% to $184.9M, Strategic Brands segment increase of 7% to $376.6M, United States segment increase of 12% to $4.43B, Outside the United States segment increase of 15% to $2.71B. |
| Employees: | 6,003 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $52,053M as of Dec 31, 2023 |
| Annual revenue (TTM): | $7,140M as of Dec 31, 2023 |
| EBITDA (TTM): | $2,061M as of Dec 31, 2023 |
| Net annual income (TTM): | $1,631M as of Dec 31, 2023 |
| Free cash flow (TTM): | $1,496M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 1,040,636,235 as of Feb 15, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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