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Q1 22 EPS
$0.55
MISS 9.84%
Est. $0.61
Q1 22 Revenue
$1.52B
BEAT +6.52%
Est. $1.43B
vs S&P Since Q1 22
+47.4%
BEATING MARKET
MNST +125.8% vs S&P +78.3%
Market Reaction
Did MNST Beat Earnings? Q1 2022 Results
Monster Beverage delivered a split verdict in the first quarter of 2022, posting revenue that cleared Wall Street's bar while profits fell short under the weight of surging costs. Net sales climbed 22.1% year over year to $1.52 billion, topping the $… Read more Monster Beverage delivered a split verdict in the first quarter of 2022, posting revenue that cleared Wall Street's bar while profits fell short under the weight of surging costs. Net sales climbed 22.1% year over year to $1.52 billion, topping the $1.43 billion consensus by 6.52%, as strong volume growth across the energy drink portfolio powered the top line. Earnings per share, however, came in at $0.55, missing the $0.61 estimate by 9.84%, as gross margin contracted sharply to 51.1% from 57.5% a year ago, pressured by freight rates, fuel costs, aluminum can pricing, and distribution expenses that spiked 49.7% to $81.40 million. The quarter also marked Monster's entry into the alcoholic beverage space through its $330.40 million acquisition of CANarchy Craft Brewery Collective, which contributed $15.20 million in partial-quarter sales. Looking ahead, management announced a market-wide U.S. Price increase effective September 1, 2022, and expressed confidence that some cost pressures are transitory as the company reduces reliance on imported aluminum cans.
Key Takeaways
- • 22.1% net sales growth driven by strong volume across energy drink portfolio
- • Case sales increased to 168,793 thousand from 138,566 thousand year-over-year
- • Average net sales per case increased to $8.87 from $8.94
- • Gross margin contracted to 51.1% from 57.5% due to cost inflation
- • Significant increases in freight rates, fuel costs, aluminum can costs, ingredient costs, co-packing fees
- • Foreign currency exchange had $32.9 million unfavorable impact on net sales
MNST YoY Financials
Q1 2022 vs Q1 2021, source: SEC Filings
MNST Revenue by Segment
With YoY comparisons, source: SEC Filings
MNST Revenue by Geography
With YoY comparisons, source: SEC Filings
“We are pleased to report that net sales grew 22.1 percent in the 2022 first quarter to a record $1.52 billion.”
— Rodney C. Sacks, Q1 2022 Earnings Press Release
MNST Earnings Trends
MNST vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MNST EPS Trend
Earnings per share: estimate vs actual
MNST Revenue Trend
Quarterly revenue: estimate vs actual
MNST Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.53 | $0.58 | +10.41% | $2.35B | +8.84% |
| Q4 25 BEAT | $0.48 | $0.51 | +5.88% | $2.13B | +4.24% |
| Q3 25 BEAT | $0.48 | $0.56 | +16.35% | $2.20B | +4.17% |
| Q2 25 BEAT | $0.48 | $0.52 | +8.27% | $2.11B | +1.34% |
| Q4 24 MISS FY | $0.40 | $0.38 | -4.86% | $1.81B | +0.88% |
| FY Full Year | — | $1.62 | — | $7.49B | — |
| Q4 23 MISS FY | $0.38 | $0.35 | -7.89% | $1.73B | +0.00% |
| FY Full Year | — | $1.54 | — | $7.14B | — |
| Q4 22 MISS FY | $0.63 | $0.57 | -9.52% | $1.51B | -5.32% |
| FY Full Year | — | $2.23 | — | $6.31B | — |
| Q1 22 MISS | $0.61 | $0.55 | -9.84% | $1.52B | +6.52% |