MNST · 10-Q · 2026Q2
Monster Beverage Corp
Filed 2026-08-07 · Consumer · View original filing on EDGAR
USD 2,537,473KTotal Revenue
USD 11,382,291KTotal Assets
20Topics
70Top Importance
Ranked Events
- Geographic Revenue ShiftImportance 70 · Surprise 56Monster continued pursuing domestic market development while expanding internationally. Sales to customers outside the United States increased 34.6% to $1.16 billion in the second quarter and represented approximately…
- Investing ActivitiesImportance 69 · Surprise 64Cash used in investing activities increased to $929.3 million for the six months ended June 30, 2026, from $357.7 million in the comparable 2025 period, a 160% year-over-year increase. Purchases of available-for-sale…
- Operating Expense TrendsImportance 65 · Surprise 48Second-quarter operating expenses increased 24.7% to $679.2 million, exceeding the 20.2% net-sales growth rate. Selling and marketing expenses rose $72.3 million because of higher social, digital, media, sponsorship…
- Gross Margin DriversImportance 65 · Surprise 48Second-quarter gross profit increased 20.7% to $1.42 billion, while gross margin expanded to 55.9% from 55.7%. The improvement reflected the 2025 Pricing Actions and product sales mix. Higher aluminum can costs,…
- Purchase Commitments and ObligationsImportance 64 · Surprise 42Total contractual obligations were $1,058.447 million as of June 30, 2026, including $746.637 million of contractual obligations, $5.138 million of finance leases, $87.794 million of operating leases, and $218.878…
- Capital Expenditure PlansImportance 62 · Surprise 42Monster Beverage expects capital expenditures, excluding common-stock repurchases, to be less than $250.0 million through June 30, 2027. Planned capital uses include purchases of capital assets, equipment, real…
- Customer ConcentrationImportance 61 · Surprise 32Coca-Cola Europacific Partners accounted for approximately 16% of second-quarter net sales in 2026, up from 15% in 2025. Coca-Cola Consolidated accounted for approximately 9% of second-quarter net sales in 2026, down…
- Revenue Performance and DemandImportance 59 · Surprise 48Worldwide consumer demand for Monster Energy® brand energy drinks increased, driving net sales growth of 20.2% in the second quarter and 23.3% in the first six months of 2026. Energy drink case sales increased 22.3% to…
- Operating Cash Flow TrendsImportance 54 · Surprise 40Six-month operating cash flow increased to $1.11 billion from $973.6 million in the prior-year period. Cash generation included $1.15 billion of net income, $65.9 million of depreciation and amortization and non-cash…
- Operating Income and MarginsImportance 54 · Surprise 40Second-quarter operating income increased 17.2% to $740.4 million, but operating margin declined to 29.2% from 29.9% as operating expenses grew faster than sales. Six-month operating income increased 22.4% to $1.47…
- Capital Return ProgramImportance 45 · Surprise 64Cash used in financing activities was $58.7 million for the six months ended June 30, 2026, compared with $309.0 million in the 2025 period. The 2026 financing cash outflow was primarily attributable to repurchases of…
- Pricing ActionsImportance 45 · Surprise 50Monster implemented price increases for core brands and packages in the United States during the fourth quarter of 2025 and at various times in international markets during 2025. These Pricing Actions supported gross…
- Liquidity and Debt PositionImportance 42 · Surprise 6At June 30, 2026, Monster Beverage held $2.19 billion of cash and cash equivalents, $1.23 billion of short-term investments and $781.3 million of long-term investments. Foreign subsidiaries held $912.8 million of the…
- Income Tax Rate ChangesImportance 41 · Surprise 22Second-quarter income-tax provision increased 16.4% to $183.7 million from $157.9 million. The effective combined federal, state and foreign tax rate decreased to 23.9% from 24.4%, reducing the tax rate by 50 basis…
- Interest Rate EnvironmentImportance 38 · Surprise 6At June 30, 2026, Monster held $2.19 billion of cash and cash equivalents, $1.23 billion of short-term investments, and $781.3 million of long-term investments. The portfolio included commercial paper, municipal…
- Supply Chain ConstraintsImportance 38 · Surprise 24Monster identified increased aluminum can costs and freight-in costs as pressures on gross profit margins. These cost pressures were partly offset by the Pricing Actions and product sales mix. The company also reported…
- Product Launch and TransitionImportance 31 · Surprise 42Monster expanded its beverage portfolio during the second quarter by launching six products across energy and total wellness categories. New products included Bang Energy® American Berry, Bang Energy® White Gummy Bear,…
- FX / Currency ImpactImportance 26 · Surprise 24Net changes in foreign currency exchange rates favorably impacted net sales by approximately $48.5 million in the three months ended June 30, 2026 and $137.8 million in the six months ended June 30, 2026. International…
- Distribution ChannelsImportance 10 · Surprise 6Monster sells through a broad beverage distribution network that includes full-service bottlers and distributors, retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience and gas…
- InflationImportance 3 · Surprise 6Monster stated that inflation did not have a significant impact on its results of operations for the three- and six-month periods ended June 30, 2026. The filing therefore indicates no material inflation-related…
Revenue by Product (in thousands)
| ThreeMonthsEnded2026 | segment | ThreeMonthsEnded2025 | SixMonthsEnded2026 | SixMonthsEnded2025 |
|---|---|---|---|---|
| 2,356,131 | Monster Energy® Drinks | 1,937,321 | NaN | NaN |
| 143,721 | Strategic Brands | 129,893 | NaN | NaN |
| 32,194 | Alcohol Brands | 37,971 | NaN | NaN |
| 5,427 | Other | 6,408 | NaN | NaN |
| NaN | Monster Energy® Drinks | NaN | 4,544,785 | 3,652,869 |
| NaN | Strategic Brands | NaN | 270,441 | 228,225 |
| NaN | Alcohol Brands | NaN | 64,851 | 72,674 |
| NaN | Other | NaN | 10,687 | 12,382 |
Revenue by Geography (in thousands)
| ThreeMonthsEnded2026 | region | SixMonthsEnded2026 | SixMonthsEnded2025 | ThreeMonthsEnded2025 |
|---|---|---|---|---|
| 1,451,631 | U.S. and Canada | NaN | NaN | 1,301,429 |
| 632,759 | Latin America (including Caribbean) | NaN | NaN | 498,216 |
| 218,973 | EMEA | NaN | NaN | 161,694 |
| 234,110 | Asia Pacific and Oceania | NaN | NaN | 150,254 |
| NaN | U.S. and Canada | 2,798,288 | 2,466,073 | NaN |
| NaN | Latin America (including Caribbean) | 1,218,982 | 882,791 | NaN |
| NaN | EMEA | 420,864 | 306,216 | NaN |
| NaN | Asia Pacific and Oceania | 452,630 | 311,070 | NaN |