Monster Beverage Corporation reported an increase in Quarter 4 net sales.

Monster Beverage Corporation reported a 14.4% increase in net sales for the 2023 fourth quarter, reaching $1.73 billion. The company's Monster Energy Drinks segment saw a 15.1% increase in net sales, totaling $1.60 billion. Gross profit as a percentage of net sales improved to 54.2%, with a 30.6% increase in net sales for the Alcohol Brands segment. Net sales to customers outside the United States increased by 17.4% to $637.0 million.

February 28, 2024
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