Live: Will FedEx Crush Q4 Earnings Tonight After the Market Closes?
Q4 22 EPS
$0.57
MISS 9.52%
Est. $0.63
Q4 22 Revenue
$1.51B
MISS 5.32%
Est. $1.60B
vs S&P Since Q4 22
+5.4%
BEATING MARKET
MNST +91.2% vs S&P +85.8%
Full Year 2022 Results
FY 22 EPS
$2.23
FY 22 Revenue
$6.31B
Market Reaction
Did MNST Beat Earnings? Q4 2022 Results
Monster Beverage delivered a disappointing finish to 2022, missing on both the top and bottom lines as currency headwinds and rising input costs overshadowed the company's underlying momentum. Fourth-quarter revenue came in at $1.51 billion, up 6.2% … Read more Monster Beverage delivered a disappointing finish to 2022, missing on both the top and bottom lines as currency headwinds and rising input costs overshadowed the company's underlying momentum. Fourth-quarter revenue came in at $1.51 billion, up 6.2% year-over-year but falling short of the $1.60 billion consensus estimate by 5.32%, while earnings per diluted share of $0.57 trailed the $0.63 analyst forecast by 9.52%. The primary culprit was a potent combination of unfavorable foreign currency movements totaling $81.90 million and gross margin compression driven by higher ingredient, packaging, and co-packing costs, which squeezed margins to 51.8% from 53.9% a year earlier. Management pointed to phased price increases planned through the first half of 2023 and the expected depletion of higher-cost imported can inventories as key levers for margin recovery, while the rollout of its new Beast Unleashed flavored malt beverage toward national distribution by year-end 2023 signals continued investment in diversifying beyond its core energy drink business.
Key Takeaways
- • Price increases effective September 1, 2022 in the United States and continued international price increases positively impacted gross profit margins
- • Energy drink category continues to expand globally
- • Strong currency-adjusted international growth of 22.9%
- • Sequential quarterly improvement in gross margin percentage from 51.3% in Q3 to 51.8% in Q4
- • Energy drink case sales increased to 166.2 million from 153.5 million year-over-year
MNST YoY Financials
Q4 2022 vs Q4 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 another quarter of continued revenue growth. The energy drink category continues to expand globally. The results from our overseas operations were again overshadowed by the strength of the United States dollar in the quarter. Gross profit margin percentages increased on a sequential quarterly basis as a result of our pricing actions, as well as certain of our supply chain challenges moderating.”
— Hilton H. Schlosberg, Q4 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% |