Monster Beverage quarterly net sales exceed $1bn in company first

By Laura Mullan
Monster Beverage Corporation reported that net sales exceeded $1bn in its second quarter, a first in the company's history. The US beverage firm - whic...

Monster Beverage Corporation reported that net sales exceeded $1bn in its second quarter, a first in the company's history.

The US beverage firm - which produces energy drinks such as Monster Energy and Relentless - said that overall sales increased 12% to $1.02bn compared to the same time last year when it saw sales of $907.1mn.

The firm said that net sales for the firm’s Monster Energy Drinks segment — which includes Monster Energy drinks and Mutant Super Soda drinks — increased 14% to $929.mn in the second quarter, up from $815.3mn it reported for the same period last year.

SEE ALSO:

Net sales to customers outside the United States also rose 18.5% to $293.8 million in the second quarter as the firm expanded internationally.

Speaking of the results, Rodney C. Sacks, Chairman and CEO said: “We are pleased to report record quarterly net sales of more than $1.0 billion, a first in our Company’s history.

“We continue to progress our strategic alignment with the Coca-Cola system bottlers. We have reached agreements to transition Monster Energy to Coca-Cola bottlers in Arkansas.

“In the second quarter of 2018, we transitioned parts of Arkansas and are planning on transitioning the remainder of Arkansas in the third quarter of 2018.

“In the second quarter of 2018, we successfully launched our Monster Energy brand with the Coca-Cola bottlers in Belarus, Tanzania and Uruguay and commenced the relaunch of Monster Energy with a Coca-Cola bottler in select cities in India.

“We launched Monster Energy in Ecuador in July 2018 and are planning further international launches later this year.”

During its second quarter, Monster Beverages net income rose 21.3% to $270.1mn from $222.6mn during the same period last year.

Share

Featured Articles

Livestock data management platform Breedr raises £12mn

Breedr helps farmers improve their livestock productivity & sustainability. Investbridge Capital led a £12mn funding round to build better farm trading

Coca-Cola, Diginex & Reckitt tech to support supply chains

Respect for human rights is critical to good business, says Coca-Cola’s Paul Lalli, as the company joins diginexLUMEN to catch supply chain forced labour

Luxury food manufacturer Venchi on sustainable packaging

Cècile Osti, of luxury chocolate manufacturer Venchi, on Easter 2022, Sorrento lemons, sustainable packaging, natural ingredients & the pleasure of food

How has the pandemic affected sales at General Mills?

Food

Morrisons partners with Nestle in sustainability scheme

Retail

PepsiCo Launches pep+ a Strategic End-to-End Transformation

Drink