Monster Beverage 8-K
Earnings
Brazil-led international growth and Monster launches lifted sales, while higher aluminum and freight costs squeezed gross margin.
Filed 2026-11-05 16:32 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Q3 2026 results: revenue growth slowed to +1.0% Q/Q from +7.8%, while net sales still rose 16.7% Y/Y as energy-drink case sales increased. International markets and product launches supported sales; higher aluminum and freight-in costs, along with geographic mix, pressured gross margin.
Developments
- Q3 launches added products to Monster Energy energy drinks, Java Monster coffee-and-energy drinks, Mother energy drinks and FLRT total-wellness energy drinks. Management said marketing across social, digital and media platforms supported existing products and launches, with the aim of reaching a broader consumer base.
- Monster scanner data for Brazil showed its sales up 54.2% Y/Y and share up 4.8 percentage points; the energy-drink category grew 39.2% Y/Y.
Results
| Metric | Q3 2026 | Change | 9M 2026 |
|---|---|---|---|
| Revenue | $2.56B | +17% Y/Y, +1.0% Q/Q | $7.45B+21% Y/Y |
| Energy drink case sales (in thousands) (in 192-ounce case equivalents) | 305M | +18% Y/Y, -0.0% Q/Q | 884M+23% Y/Y |
| Average net sales per case2 | $8.30 | -0.6% Y/Y, +1.2% Q/Q | $8.31-0.8% Y/Y |
| Operating income | $719M | +6.4% Y/Y, -2.9% Q/Q | $2.19B+17% Y/Y |
| Net income | $568M | +8.4% Y/Y, -2.8% Q/Q | $1.72B+18% Y/Y |
| Diluted EPS | $0.29 | +7.4% Y/Y, -51% Q/Q | $0.87+18% Y/Y |
| Cash and cash equivalents | $2.15B | -2.0% Q/Q | — |
| Diluted shares | 1.98B | +0.5% Y/Y, +100% Q/Q | 1.98B+0.6% Y/Y |
What moved the numbers
- Segment sales: Monster Energy Drinks $2.37B, +17.1% Y/Y; Strategic Brands $156M, +19.8%; Alcohol Brands $28.5M, -13.6%; Other $4.8M, -29.5%.
- Sales outside the U.S. rose 28.1% Y/Y to $1.20B, 47% of net sales. Latin America sales increased 48.8% in dollars, primarily driven by Brazil.
- Gross margin was 54.7% vs 55.7% a year earlier; increased aluminum can and freight-in costs and geographic sales mix weighed on margin, partly offset by pricing actions.
- A $19.9M pre-tax impairment charge on Kona land and real property reclassified as held for sale reduced net income by $15.3M and diluted EPS by $0.01. Operating expenses also included $14.7M of digital transformation costs.
- The company repurchased 2.3M shares in Q3 at an average $43.87 per share, for $100M; $800M remained available under previously authorized repurchase programs as of 11/4/2026.
Figures extracted from the filings and checked against their text; changes and verdicts computed from them.
The summary is written by an AI model reading the filing.
Model 005 · prompt v189 · 2026-11-06 00:07:03Z