Monster Beverage Reports Earnings Results for Q2 2023, Ending June 30th
August 7, 2023
🌥️Earnings Overview
On August 3 2023, MONSTER BEVERAGE ($NASDAQ:MNST) announced its FY2023 Q2 earnings results, showing a 12.1% rise in total revenue to USD 1855.0 million and 51.4% increase in net income to USD 413.9 million compared to the same quarter in the previous year.
Market Price
On Thursday, Monster Beverage released its earnings results for Q2 2023, ending June 30th. The company showed solid performance during the second quarter, with the stock opening at $57.4 and closing at $58.0, a 0.6% increase from the previous closing price of $57.6. With an impressive quarter, investors may be optimistic about the company’s future earnings prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Monster Beverage. More…
| Total Revenues | Net Income | Net Margin |
| 6.69k | 1.44k | 21.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Monster Beverage. More…
| Operations | Investing | Financing |
| 1.31k | -161.37 | -706.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Monster Beverage. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.26k | 1.42k | 7.49 |
Key Ratios Snapshot
Some of the financial key ratios for Monster Beverage are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.8% | 7.0% | 27.2% |
| FCF Margin | ROE | ROA |
| 16.2% | 14.9% | 12.3% |
Analysis
At GoodWhale, we strive to provide our customers with the best analysis of MONSTER BEVERAGE‘s fundamentals. After careful evaluation, we have found that MONSTER BEVERAGE has achieved a high health score of 10/10 considering its cashflows and debt, making it highly capable to ride out any crisis without the risk of bankruptcy. We classify MONSTER BEVERAGE as a ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. The only downside is that investors will not benefit from dividend payments, as MONSTER BEVERAGE has a weak score in this area. Overall, MONSTER BEVERAGE’s impressive fundamentals are likely to be attractive to both short-term and long-term investors, especially those focused on high growth and profitability. We are confident that careful analysis can help you make an informed decision if MONSTER BEVERAGE is the right investment for you. More…
Peers
The company’s primary competitors include EQ Labs Inc, GURU Organic Energy Corp and FBEC Worldwide Inc.
– EQ Labs Inc ($OTCPK:EQLB)
GURU Organic Energy Corp is a Canadian company that produces and sells organic energy products. The company has a market cap of 109.93 million as of 2022 and a return on equity of -19.55%. The company’s products include energy bars, energy drinks, and protein powders.
– GURU Organic Energy Corp ($TSX:GURU)
Founded in 1971, FBEC Worldwide Inc is a holding company that owns and operates businesses in the food and beverage industry. The company’s portfolio includes brands such as Fatburger, Buffalo’s Cafe, and Hurricane Grill & Wings. FBEC Worldwide Inc has a market cap of 358.24k as of 2022 and a Return on Equity of -4.07%. The company’s main focus is on franchising, licensing, and managing restaurant chains.
Summary
MONSTER BEVERAGE has delivered strong financial results in Q2 ending June 30 2023, with total revenue increasing by 12.1% to USD 1855.0 million and net income rising by 51.4% to USD 413.9 million year over year. This solid performance is a positive sign for investors, as it indicates the company’s ability to capitalize on growth opportunities. It also suggests that MONSTER BEVERAGE is likely to continue to show resilience in the face of economic uncertainty, making it an attractive investment option.
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