Monster Beverage Reports 2024 Third Quarter Financial Results
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Monster Beverage Corporation reported its 2024 third quarter financial results, showing a 1.3% increase in net sales to $1.88 billion. Excluding the alcohol brands segment and adjusting for foreign currency impacts, net sales rose 5.0%. However, net income per diluted share decreased to $0.38 from $0.43 in the previous year.
November 07, 2024 | 9:30 pm
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Monster Beverage's Q3 2024 results show a slight increase in net sales but a decrease in net income per share compared to the previous year. Adjusted sales, excluding alcohol brands and currency impacts, rose 5%.
The increase in net sales is positive, but the decrease in net income per share may concern investors. The adjusted sales growth of 5% is a positive indicator, but the overall impact on the stock price is likely neutral due to mixed results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100