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Q4 24 EPS
$0.38
MISS 4.86%
Est. $0.40
Q4 24 Revenue
$1.81B
BEAT +0.88%
Est. $1.80B
vs S&P Since Q4 24
+51.7%
BEATING MARKET
MNST +75.1% vs S&P +23.5%
Full Year 2024 Results
FY 24 EPS
$1.62
FY 24 Revenue
$7.49B
Market Reaction
Did MNST Beat Earnings? Q4 2024 Results
Monster Beverage delivered a mixed fourth quarter, posting revenue that edged past Wall Street expectations while falling short on the bottom line, as a troubled alcohol segment weighed heavily on reported results. Net sales rose 4.7% year-over-year … Read more Monster Beverage delivered a mixed fourth quarter, posting revenue that edged past Wall Street expectations while falling short on the bottom line, as a troubled alcohol segment weighed heavily on reported results. Net sales rose 4.7% year-over-year to $1.81 billion, just ahead of the $1.80 billion consensus, though the top line absorbed $52.30 million in currency headwinds; on a constant-currency basis, growth reached 7.8%. Adjusted diluted EPS came in at $0.38, missing the $0.40 consensus by 4.86%, partly because a sharply higher effective tax rate of 29.9%, versus 18.5% a year ago, eroded profitability even as operating margins improved. The quarter was further burdened by $130.71 million in Alcohol Brands impairment charges, which dragged GAAP net income down 26.2% to $270.71 million. The core Monster Energy Drinks segment remained resilient, growing 4.5% to $1.67 billion, and management flagged a resurgence in U.S. Convenience channel demand alongside a roughly 5% U.S. Price increase enacted in November 2024. Adding to the forward-looking picture, a CEO succession, with Hilton Schlosberg set to take the helm in June 2025, signals a leadership transition as the company navigates its alcohol segment challenges.
Key Takeaways
- • Reduced input costs drove gross margin improvement to 55.5% adjusted
- • Approximately 5% U.S. price increase effective November 1, 2024
- • Strong international net sales growth of 11.7% (19.9% currency-adjusted)
- • Strategic Brands segment grew 11.1% (14.7% currency-adjusted)
- • Unfavorable foreign currency exchange rates reduced net sales by $52.3 million
MNST YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
MNST Revenue by Segment
With YoY comparisons, source: SEC Filings
MNST Revenue by Geography
With YoY comparisons, source: SEC Filings
“We recorded strong operating results on an adjusted basis in the 2024 fourth quarter and for the 2024 full year.”
— Hilton H. Schlosberg, Q4 2024 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% |