From GlobeNewswire:

Monster Beverage Corporation reported a 14.4% increase in net sales for the fourth quarter of 2023, reaching $1.73 billion. The company’s gross profit margin improved to 54.2%, excluding the Bang Inventory Step-Up, and net income rose by 21.6% to $367.0 million. Sales abroad also saw a 17.4% increase. The strategic brands segment experienced a 1.3% decrease in sales, while the Alcohol Brands segment saw a 30.6% increase. Hilton H. Schlosberg, Vice Chairman and Co-Chief Executive Officer, highlighted strong revenue growth, driven by the energy drink market, and successful integration of the Bang Energy acquisition.



Read more at GlobeNewswire:: CORRECTION – Monster Beverage Reports 2023 Fourth Quarter