Monster Beverage (MNST) Q1 2025 Earnings
Adjusted EPS excludes the Alcohol Brands segment ($0.02 per diluted share, net of tax); GAAP diluted EPS was $0.45
How Did MNST Stock React to Q1 2025 Earnings?
S&P 500 over the same 30 days: +6.56%.
Did MNST Beat Earnings? Q1 2025 Results
No. Monster Beverage reported Q1 2025 earnings of $0.24 a share on May 8, 2025, missing the $0.46 consensus estimate by 49.2%. Revenue was $1.9B against a $2.0B estimate.
Monster Beverage Corp delivered a mixed first quarter for 2025, posting adjusted diluted EPS of $0.47 against a consensus estimate of $0.46, a beat of 1.64%, even as revenue slipped 2.4% year-over-year to $1.85 billion, well below the $1.98 billion analysts had expected. The gap between the stronger earnings and softer sales tells the quarter's central story: gross margin expanded sharply to 56.5% from 54.1%, driven by pricing actions and supply chain optimization, which offset a top-line dragged down by adverse foreign currency movements, unfavorable bottler ordering patterns, one fewer selling day, and a deteriorating Alcohol Brands segment that posted a $21.49 million operating loss. Currency alone reduced Monster Energy Drinks segment sales by roughly $50.80 million, and on a currency-adjusted basis, international net sales actually rose 6.2%. Looking ahead, management described April 2025 sales as robust, and year-to-date gross billings through April 30, excluding Alcohol Brands and adjusted for currency, were running about 6.9% ahead of a year earlier, a signal that underlying demand in the core energy drink business remains intact even as competitive pressure in the broader functional beverage market intensifies.
- Gross margin rose to 56.5% from 54.1% on pricing actions and supply chain optimization
- Distribution expenses fell to 4.2% of net sales from 5.0%
- Net sales excluding Alcohol Brands, FX-adjusted, rose 1.9%
- Currency had an unfavorable impact of about $50.8 million on Monster Energy Drinks and about $6.6 million on Strategic Brands net sales
- Bottler/distributor ordering patterns in the U.S. and EMEA, adverse weather and one less selling day weighed on net sales
- Strategic Brands net sales fell on timing differences in concentrate sales
- Alcohol Brands net sales fell 38.1% on lapping the Nasty Beast Hard Tea launch and lower The Beast volumes
- Energy drink case sales of 213.1 million vs. 211.4 million; average net sales per case of $8.51 vs. $8.69
- Lower diluted share count (981.3 million vs. 1,051.3 million) supported EPS growth
“Our first quarter revenues were impacted by a number of headwinds including bottler/distributor ordering patterns, unfavorable foreign currency exchange rates in certain markets, adverse weather in certain geographies as well as overall global economic uncertainties. Despite these headwinds, net sales excluding the Alcohol Brands segment, on a foreign currency adjusted basis, increased 1.9 percent in the quarter.”
Monster Beverage CEO, on the earnings call
What Was Monster Beverage's Outlook in Q1 2025?
Monster did not issue formal guidance. The company estimates that year-to-date gross billings through April 30, 2025, excluding the Alcohol Brands segment and on a foreign currency adjusted basis (non-GAAP), were about 6.9% higher than a year earlier, or 5.8% higher including Alcohol Brands. Management described April 2025 sales as robust and said retail sales trends accelerated in most geographies. It also pointed to a robust global innovation pipeline and the continued rollout of the Predator and Fury affordable energy brands.
MNST YoY Financials
| Metric | Q1 2025 | Q1 2024 | Year over year |
|---|---|---|---|
| Revenue | $1.9B | $1.9B | −2.4% |
| Gross Profit | $1.0B | $1.0B | +2.0% |
| Operating Income | $569.7M | $542.0M | +5.1% |
| Net Income | $443.0M | $442.1M | +0.2% |
MNST Revenue by Segment
MNST Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.