Monster Beverage (NASDAQ:MNST) delivered better-than-expected fourth-quarter revenue, driving a 5% gain intra-day today. The energy drink giant reported $1.81 billion in revenue, slightly topping analyst expectations of $1.8 billion. Net sales climbed 4.7% year-over-year, with a stronger 7.8% increase when adjusted for foreign currency fluctuations.
Despite the revenue beat, adjusted earnings per share fell short, coming in at $0.38 compared to the $0.40 analyst forecast. This figure remained flat from the prior year’s fourth quarter.
On the profitability front, Monster saw an improvement in gross profit margin, which rose to 55.5% from 54.5% a year ago. The gains were driven by lower input costs, although regional sales variations somewhat offset the benefit.
The company implemented a 5% price increase across most of its U.S. brands starting November 1, 2024, contributing to revenue growth. International sales remained a strong growth driver, with net sales outside the U.S. climbing 11.7% to $711.5 million, making up 39.3% of total revenue, up from 36.8% in the same period last year.