Q4 2024 Monster Beverage Corp Earnings Call

February 27, 2025

Music

And are based on currently available information regarding the expectations of management with respect to revenues profitability future business future events financial performance and trends.

Management cautions that these statements are based on our current knowledge and expectations and are subject to certain risks and uncertainties. Many of which are outside the control of the company that may cause actual results to differ materially from the forward looking statements made during this call.

Please refer to our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K filed on February 29, 2024, and our subsequently filed quarterly reports on Form 10-Q, including the sections contained therein entitled risk factors.

Factors and forward looking statements for a discussion on specific risks and uncertainties that may affect our performance.

The company assumes no obligations to update any forward looking statements, whether as a result of new information future events or otherwise.

I would also like to note at an explanation of the non-GAAP measures, which may be mentioned during the course of this call is provided in the notes in the condensed consolidated statements of income and other information attached to the earnings release dated February 27 2025 a.

A copy of this information is also available on our website www monster burst port Dot com in the financial information section.

Rodney Sacks: I would now like to hand, the call over to Rodney sacks.

Rodney Sacks: So we continue to see sustained growth in the global energy drink category.

Rodney Sacks: United States, we are seeing a resurgence of growth in the.

Rodney Sacks: The energy drink category in the convenience and convenience is religion, all major channels reported by Nielsen are non Nielsen channels continued to grow as will growth opportunities and household penetration and per capita consumption along with consumers growing need for energy are positive trends for the category.

Rodney Sacks: Hurricanes Helene and Moulton impacted sales at retail in certain states.

Rodney Sacks: But 2024, however, we have not determined the impact on our business. The alcohol segment operates a brewery in regard North Carolina, which was closed for a week due to flooding from Hurricane who leave this brewery was partially operational for a period and was fully operational by mid November 2024.

Rodney Sacks: In the United States, the energy category. According to Nielsen for the recently reported 13 weeks through February 15, 2025 grew at six 2% versus the same period last year.

Rodney Sacks: In EMEA the energy drink category. According to Nielsen for the correct markets for the recently reported a 13 week period, which differ from country to country grew at approximately 14, 4% versus the same period last year.

Rodney Sacks: In APAC, the energy drink category, According to Nielsen and in charge for a truck markets for the recently reported a 13 week period, which differ from country to country grew at approximately 11, 8% versus the same period last year and in Latam The energy drink category. According to Nielsen for all correct mortgages for the region.

Rodney Sacks: We reported a 13 week period, which differ from country to country grew at approximately 22% versus the same period last year in each case. These are.

Rodney Sacks: Done on a FX neutral basis.

Rodney Sacks: Certain octopus should be separately considered in evaluating the results for the quarter. These specific items are as follows gross profit for the 2020 for fourth quarter was adversely impacted by an increase in inventory reserves due to excess inventory levels in the alcohol brands segment of $4 1 million.

Rodney Sacks: And which I will now referred to as the alcohol brands inventory reserves.

Rodney Sacks: <unk> expenses for the 2020 for fourth quarter were adversely impacted by $137 million of impairment charges related to the alcohol brands segment. The impairment charges were primarily the result of operating and financial performance not meeting projections due impart to challenges in the category is.

Rodney Sacks: Well as a decrease in projected ongoing operating and financial performance. In addition, operating expenses for the 2020 for fourth quarter were adversely impacted by $1 8 million of company incurred legal expenses in connection with an intellectual property claim brought by the descendants of Hubert Hansen in real.

<unk> to the company's use of the human hence the name prior to the transaction with the Coca Cola Company, which closed in 2015, and which we will now refer to as the Hansen litigation.

Rodney Sacks: Operating income adjusting for these items rose seven 9% to $517 9 million in the 2024 fourth quarter net of tax these items adversely impacted net income for the 'twenty 'twenty four fourth quarter by $105 million and net income per diluted share.

Rodney Sacks: <unk> 10 cents per share.

Rodney Sacks: Diluted earnings per share for the 2020 for fourth quarter. Adjusted for these items was 38 cents per share.

Rodney Sacks: As a reminder, the bang inventory step up and impairment and the alcohol brands segment. We've previously discussed disclosed as items impacting profitability for the comparative 2023 fourth quarter.

Rodney Sacks: In addition to our golf condensed consolidated statement of income and other information and our golf condensed consolidated balance sheet for the company for the quarter ended December 31, 2024 attached to our press release is a non-GAAP adjusted condensed consolidated statement of income and other information to adjust.

Rodney Sacks: <unk> for the items impacting profitability and a reconciliation of GAAP and non-GAAP information. We believe that these non-GAAP items are useful to shareholders on this call and evaluating our ongoing operating and financial results. These non-GAAP items should be considered in addition to and not in lieu of.

Rodney Sacks: U S Gulf financial measures.

Rodney Sacks: The company achieved record fourth quarter net sales of 111.

Rodney Sacks: 118, 1 billion in the 'twenty 'twenty four fourth quarter includes 8118 1 billion sorry, sorry.

Rodney Sacks: Four 7% higher than net sales of $1 seven $3 billion in the comparable 2023 quarter four 8%, excluding the alcohol segment on a foreign currency adjusted basis net sales for the 2020 for fourth quarter increased seven 8% or seven 9% excluding the.

Rodney Sacks: Alcohol segment gross profit as a percentage of net sales for the 2020 for fourth quarter was 55, 3% compared with 54, 2% in the 'twenty two 'twenty three fourth quarter gross profit for the 2020 for fourth quarter was adversely impacted by the alcohol brands inventory.

Rodney Sacks: Reserves gross profit as a percentage of net sales for the 2020 for fourth quarter exclusive of the alcohol brands inventory reserves was 55, 5% the increase in gross profit as a percentage of net sales for the 2020 for fourth quarter was primarily the result of reduced input costs.

Rodney Sacks: Partially offset by geographical sales mix.

Rodney Sacks: On a sequential quarterly basis gross margins were higher than the 2024 third quarter gross margins operating expenses for the 2020 for fourth quarter was $621 2 million compared with $504 4 million in the 2023 fourth quarter the increase in operating expenses.

Rodney Sacks: Were primarily the result of increased impairment charges within the alcohol brands segment increased payroll expenses and increased sponsorship and endorsement expenses as a percentage of net sales.

Rodney Sacks: <unk> expenses for the 2020 for fourth quarter with 34, 3% compared with 29, 2% in the 2023 fourth quarter.

Rodney Sacks: Adjusted operating expenses after making the adjustments described earlier increased five 5% to $488 7 million as compared to $463 2 million in the 2023 comparable quarter adjusted operating expenses as a percentage of net sales for the 2024 fourth.

Rodney Sacks: Water with 27% compared with 26, 8% in the 2023 fourth quarter.

Rodney Sacks: Distribution and warehouse expenses for the 2020 for fourth quarter was $77 6 million or four 3% of net sales compared to $79 6 million or four 6% of net sales in the 2023 fourth quarter.

Rodney Sacks: Operating income in the 2020 for fourth quarter decreased 12, 2% to $381 2 million from $434 million in the 2023 competitive quarter adjusted operating income after making the adjustments described earlier increased seven 9% to five.

Rodney Sacks: Third $17 9 million as compared to $480 1 million in the 2023 comparable quarter.

Rodney Sacks: The effective tax rate for the 2020 for fourth quarter was 29, 9% compared with 18, 5% in the 'twenty two 'twenty three fourth quarter. The increase in the effective tax rate for the 2020 for fourth quarter was primarily attributable to a decrease in the stock based compensation deduction.

Rodney Sacks: For the 2020 for fourth quarter and adjustments to the 2020 for full year effective tax rate higher 2020 for state income taxes, and the establishment of a state valuation allowance relating to certain net operating losses of the alcohol brands segment.

Rodney Sacks: Net income for the two and it's really for fourth quarter was $277 million as compared to $367 million in the 2023 comparable quarter. Adjusted net income in the 2020 for fourth quarter after making the adjustments described earlier with $375 7 million as compared to adjusted.

Rodney Sacks: Net income of $402 4 million in the 2023 comparable quarter.

Rodney Sacks: Earnings per share for the 2020 for fourth quarter decreased 28% to 28 <unk> from Citi Fox in the fourth quarter of 2023 adjusted diluted earnings per share after making the adjustments described earlier remained consistent at 38 cents per share for both the 2024.

Rodney Sacks: In 2023 fourth quarters.

Rodney Sacks: Net sales on a foreign currency adjusted basis increased eight 4% for the 2020 for full year. Adjusted net income per diluted share was $1 62 per share for the 2020 for full year compared with adjusted net income per share of $1 56 per share for the 2023 or four years.

Rodney Sacks: Our fourth quarter financial results were again impacted by unfavorable foreign currency exchange rates in certain markets net changes in foreign currency exchange rates had an unfavorable impact on net sales for the 2020 for fourth quarter of $52 3 million.

Rodney Sacks: As previously reported we implemented a 5% increase on our brands and packages, excluding Bang right and rainstorm effective November one 2024 in the United States. We are continuing to monitor opportunities for further pricing actions, both domestically and internationally.

Rodney Sacks: According to the Nielsen reports.

Rodney Sacks: For the 13 weeks ended February 15, 2025 for all outlets combined excluding convenience and gas.

Rodney Sacks: Sales in dollars in the energy drink category, including energy shots increased by 9% versus the same period a year ago. According to the Nielsen reports for the 13 weeks ended February 15, 2025 for all outlets combined, namely convenience grocery drug mass merchandisers sales in dollars in energy.

Rodney Sacks: Drink category, including energy shots increased by six 2% versus the same period, a year ago sales of the company's energy drink brands, including <unk> were up four 4% in the 13 week period sales of Monster increased four 8% sales of roundwood down six 3% sales of nausea increased.

Rodney Sacks: <unk>, 2% and sells a full throttle decreased 8% sales of Red Bull increased 10%.

Rodney Sacks: According to Nielsen for the four weeks ended February 15, 2000, $25000 in the energy drink category in the convenience and gas channel, including energy shots increased two 8% and for the four weeks ended February eight 2025 were five 4% over the same period the previous year sales of the company's energy drink brands.

Rodney Sacks: Including bank were up two 9% in the latest four week period in the convenience and gas channel sales of Monster increased by three 1% over the same period versus the previous year range sales decreased five 2% nauseous was down one 1% and full throttle was down too.

Rodney Sacks: 2% sales of Red Bull were up eight 3%.

Rodney Sacks: According to Nielsen for the four weeks ended February 15, 2025, the company's market share in the energy drink category in the convenience and gas channel, including energy shots in dollars increased from 36, 8% to 36, 9%, including bank Monster share increased from 29, 1%.

Rodney Sacks: A year ago to 29, 2% range share decreased <unk> two of a share point to two 7% normal share decreased <unk>, one of a share point to 2.5% and full throttle share remained at <unk> seven of a point banks share was one 8% Red Bull share increased one <unk>.

Rodney Sacks: Share points to 36, 9% market shares of certain competitors were as follows Celsius seven 3% C 43, 5% goes to 9% five hour two 9% rocks at two 7% and allowing you to 2%.

Rodney Sacks: According to Nielsen for the four weeks ended February 15, 2000, $25000 in the coffee plus energy drink category, which included our Java Monster line in the convenience and gas channel decreased nine 1% over the same period the previous year sales of monster, including Java Monster 300 was seven.

Rodney Sacks: 9% lower in the same period versus the previous year sales of Starbucks energy coffee was 16, 6% lower Java monster share of the coffee plus energy drink category in the four weeks ended February 15, 2025 was 58, 9% up <unk> eight of a point while Starbucks.

Rodney Sacks: Energy coffee share was 38, 2% down three four points.

Speaker Change: According to Nielsen.

Speaker Change: Channels in Canada for the 12 weeks ended January 25, 2020 for the energy drink category increased 10, 3% in dollars sales of the company's energy drink brands increased 10, 5% versus a year ago.

Speaker Change: <unk> share of the company's energy drink brands increased one of a point to 41, 4% Monster sales increased seven 1% and its market share decreased one one points to $36. One nauseous sales increased 13, 7% and its market share remained at one 2%.

Speaker Change: Full throttle sales decreased 5% and its market share decreased <unk>, one of a point to 0.5% 0.5%.

Speaker Change: According to Nielsen for all outlets combined in Mexico, the energy drink category increased 11, 1% for the month of January 2025 Monster sales increased 13, 7% monsters market share in value increased <unk> seven of a point to 230% against the comparable period the previous year.

Speaker Change: Sales of credits have increased 27, 9% and its market share increased <unk> eight of a share point to six 2%.

Speaker Change: Nielsen Statistics for Mexico cover single months, which is a short period that may often be materially influenced positively <unk> negatively by sales in the OXXO convenience chain, which dominates the market sales in the OXXO convenience chain in turn can be materially influenced by promotions that may be undertaken in that chain.

Speaker Change: Well, one or more energy drink brands during a particular month consequently, such activities could have a significant impact on the monthly Nielsen statistics for Mexico.

Speaker Change: According to Nielsen all outlets combined in Brazil, the energy drink category increased 13, 4% for the month of December 2020 for Monster sales increased 15, 7%.

Speaker Change: Monsters market share in value increased non of a point to 47, 7% compared to December 2023 in Argentina due in part to the impact of inflation related local currency price increases the energy drink category increased 98, 7% for the month of January 2008.

Speaker Change: 25 Monster sales increased 82, 5% monsters market share in value decreased four five points to 51, 2% compared to January 2024 in Chile, the energy drink category increased 16, 2% for the month of January 2025 monsters.

Speaker Change: Sales increased 13% monsters market share in value decreased one one points to 39, 5% Monster energy remains the leading energy brand in value in Argentina, Brazil and Chile.

Speaker Change: Like to point out that the Nielsen numbers in EMEA should only be used as a guide because the channels read by Nielsen in EMEA vary from country to country and are reported on varying dates within the month referred to from country to country.

Speaker Change: According to Nielsen in the 13 week period, ending January 26, 2025 monsters retail market share in value as compared to the same period. The previous year grew from 16, 3% to 17, 2% in Belgium from 32 to 32, 6% in Great Britain.

Speaker Change: Based on our new new great person Nielsen database from 6% to nine 4% in the Netherlands, and from 34, 3% to 36% in Norway.

Speaker Change: According to Nielsen in the 13 week period, ending January 26, 2025 monsters retail market share in value as compared to the same period from the previous year declined from 39% to 27, 5% in France.

Speaker Change: Nielsen in the 13 week period, ending December 29, 2024 monsters retail market share in value as compared to the same period. The previous year grew from 22, 6% to 23, 4% in the Czech Republic from 17, 1% to 17, 7% in Germany from 18 nonferrous.

Speaker Change: And to 28% in Poland from 33% to 32% in the Republic of Ireland and from 48% to 41, 4% in Spain.

Speaker Change: According to Nielsen in the 13 week period, ending December 29, 2024 monsters retail market share in value as compared to the same period. The previous year declined from 27% to 26, 1% in Denmark from 36, 1% to 35, 6% increase from 31, 7% to 31.

Speaker Change: <unk> in Italy, and from 21% to 18 port, 4% in South Africa, and from 15, 5% to 14, 8% in Sweden.

Speaker Change: According to Nielsen in the 13 week period, ending December 29, 2020 for the retail market share in value of creditor. What's also branded as fury in certain markets as compared to the same period. The previous year grew from eight 2% to 11, 8% in Egypt from 34% to 41, 5%.

Speaker Change: In Kenya, and from 21% to 23, 4% in Nigeria.

Speaker Change: We are pleased that in the 2020 for fourth quarter wants to gain market share in Belgium, Czech Republic, Great Britain, Germany, the Netherlands, Norway, Poland Republic of Ireland and Spain.

Speaker Change: According to IRI all outlets combined in Australia, the energy drink category increased 10, 5% for the full weeks ending February 2nd 2025 Monster sales increased 22% monsters market share in value increased one nine points to 24% against the comparable period.

Speaker Change: The previous year sells of mother decreased three 6% and its market share decreased one four share points to nine 4%.

Speaker Change: According to IRI for all outlets combined in New Zealand.

Speaker Change: Drink category increased 13, 8% for the four weeks ending February nine 2025 Monster sales increased 19, 7% monsters market share in value increased <unk> seven of a share point to 15, 3% against the comparable period the previous year sales of mother decreased one.

Speaker Change: 4% and its market share decreased non of a share point to 46% sales of lift plus decreased <unk> two of a percent and its market share decreased <unk> six of a share point to four 6%.

Speaker Change: According to indulge in the convenience channel in Japan, the energy drink category increased five 1% for the month of January 2025 months of sales increased 4% monsters market share in value decreased two six points to 56, 8% against the comparable period.

Speaker Change: <unk>.

Speaker Change: According to Nielsen for all outlets combined in South Korea, the energy drink category increased 25% for the month of January 2020 for Monster sales increased 14, 8% monsters market share in value decreased four four points to 49, 6% against the comparable period.

Speaker Change: The previous year.

Speaker Change: <unk> remains the market leader in Japan, and South Korea, we again point out that certain market statistics that cover single months or four week periods may often be materially influenced positively <unk> negatively by promotions or other trading factors during those periods.

Speaker Change: Net sales to customers outside the U S was 711 5 million 39, 3% of total net sales in the 2020 for fourth quarter compared to $637 million or 36, 8% of total net sales in the corresponding quarter in 2023 foreign currency exchange rates.

Speaker Change: <unk> had a negative impact on net sales in U S dollars by approximately $52 3 million for the 2020 for fourth quarter.

Speaker Change: In EMEA net sales in the 2020 for fourth quarter increased 15, 5% in dollars and increased 14, 6% on a currency neutral basis over the same period in 2023 gross profit in this region as a percentage of net sales was 32, 7% for the 2024.

Speaker Change: And 2023 fourth quarters in.

Speaker Change: In Asia Pacific net sales in the 2020 for fourth quarter increased 21% in dollars and increased 19, 8% on a currency neutral basis over the same period in 2023 gross profit in this region as a percentage of net sales for the 'twenty 'twenty four fourth quarter was 41 three.

Speaker Change: Percent versus 41% in the same period in 2023.

Speaker Change: Net sales in Japan in the 'twenty 'twenty four fourth quarter increased three 4% in dollars and increased two 8% on a currency neutral basis in South Korea net sales in the 2020 for fourth quarter increased 43% in dollars and increased 43, 3% on a currency neutral basis.

Speaker Change: This is compared to the same quarter in 2023, largely due to the timing of production schedules this year.

Speaker Change: In China net sales in the 'twenty 'twenty four fourth quarter increased 25, 8% in dollars and increased 23, 9% on a currency neutral basis as compared to the same quarter. In 2023, we remain optimistic about the long term prospects for the Monster brand in China and are excited about credits.

Speaker Change: Which is being rolled out to additional markets in China throughout this year.

Speaker Change: <unk>, which includes Australia, New Zealand, Tahiti, French Polynesia, New Caledonia, Papua New Guinea, and Guam net sales increased 34, 6% in dollars and increased 29, 6% on a currency neutral basis.

Speaker Change: In Latin America, including mix, Mexico, and the Caribbean net sales in the 2020 for fourth quarter increased four 9% in dollars and increased 38, 4% on a currency neutral basis over the same period in 2023 gross profit in this region as a percentage of net sales was 40.

Speaker Change: Two 7% for the 2020 for fourth quarter versus 38, 4% in the 2023 fourth quarter in.

Speaker Change: In Brazil net sales in the 2020 for fourth quarter increased 13, 4% in dollars and increased 33, 9% on a currency neutral basis net sales in Mexico decreased seven 3% in dollars, but increased four 8% on a currency neutral basis in the 2024.

Speaker Change: The fourth quarter.

Speaker Change: Net sales in Chile decreased one 5% in dollars, but increased three 6% on a currency neutral basis in the 2020 for fourth quarter.

Speaker Change: Net sales in Argentina decreased 20% in dollars, but increased 127, 5% on a currency neutral basis in the 2020 for fourth quarter wants to bring continue to face challenges in the fourth quarter and full year net sales for the alcohol brands segment with $34 9 million in.

Speaker Change: 2020 for fourth quarter, a decrease of approximately <unk> three of a million dollars or 8% lower than the 2023 comparable quarter.

Speaker Change: In October the <unk>, North Carolina production and shipping were severely impacted by Hurricane Helene production and provide normalized in November while other facilities were utilized during the quarter to allow for minimal overall disruption in.

Speaker Change: In addition to the appointment of a new President of Monster Brewing announced last quarter. We have now restructured the senior management team in sales marketing strategy and operations divisions, and we'll be implementing further adjustments in the coming months with the intent to optimize our personnel and facilities to support the current demands.

Speaker Change: Of our portfolio and innovation pipeline. We are currently shipping Beast, pink poison and killer Sunrise in 24 ounce cans and we'll be launching gnarly grape in 24 ounce cans in the coming months.

Speaker Change: <unk>, our newest flavored beer innovation will also be launched nationally in the coming months in 224 ounce flavors Gelada and Michelle Lauder, we are planning to launch the Beast internationally. This summer in select markets subject to regulatory approvals. We are planning for further innovation in months.

Speaker Change: The brewing in the coming months.

Speaker Change: Over 2024, we launched Monster Ultra Vos guava nationally. The initial response from both customers and consumers alike has been very positive on this innovation.

Speaker Change: Additionally, during the first quarter of 2025, we launched innovation across various brands, including Monster Energy Ultra Blue Hawaiian Monster Energy grew triple shot kill it grew triple shot Monster energy juice Viking Berry rainstorm tropical rain watch Hayes and Bang.

Speaker Change: Energy seller ropes, we are planning to launch Bang energy any means Orange next month, which is part of our relationship with the popular content and streaming group any means possible.

Speaker Change: Latin America during the fourth quarter of 2024, we launched Monster Ultra Peachy-keen in Brazil, and Monster zero sugar in Chile. Additionally, we launched Fury goldstrike in Ecuador.

Speaker Change: In EMEA in the fourth quarter of 2024, we launched months reduced or eliminated Joost bad Apple juice mixed punch not drug cosmic Peach Reserve Orange Dream, CECO Ultra Fiesta Mango guava privilege of manga my him rainstorm QE blend and rain storm.

Speaker Change: Nick to read and write storm Valencia Orange in certain countries in EMEA additional launches are planned across all brands throughout EMEA in 2025.

Speaker Change: During the fourth quarter of 2024, we launched Monster Papillon in Malaysia, and we extended Monster energy and Monster Ultra in 500, <unk> can formats in South Korea. Our products are currently sold at $3 55 ml cans in Korea in February 2025, we launched Monster Ultra Strawberry dreams in South.

Speaker Change: Korea.

Speaker Change: In March we are planning to introduce monster energy in that 250 ml CAD that contains a regular energy ingredients minus caffeine specifically for the on premise channel in Japan. Additionally, we remain optimistic about the long term prospects for the Monster brand in China, and India, and we're excited about the incremental expansion.

Speaker Change: And of the credit to brand in these two countries. After positive results in several provinces in China. In 2024, we will proceed with the national rollout of non carbonated creditor in 500 ml PG bottles, starting next month.

As of February 27, 2025, approximately $500 million remained available for repurchase under the previously authorized repurchase program.

Speaker Change: We estimate that on a foreign currency adjusted basis, including the alcohol brands segment January 2025 sales were approximately $5, 3% higher than the comparable January 'twenty 'twenty, four sales and six 7% higher than January 2024, excluding the alcohol brands segment.

Speaker Change: We estimate the January 2025 sales on our non Florida foreign currency adjusted basis were approximately one 5% higher than the comparable January 2024 cells and two 8% higher than in January 2024, excluding the alcohol brands segment January 'twenty two.

Speaker Change: 25 had the same number of selling days as January 2024, We believe January 2025 sales were adversely impacted by the California wildfires and other severe weather conditions and did not as states such as the Gulf Coast Blizzard affecting New Orleans in Florida, as well as the northeastern ice storms.

Speaker Change: Our distribution partners warehouses and retail outlets were closed for certain time periods in these areas during January.

Speaker Change: We cannot not determined the impact on our business at this time.

Speaker Change: In this regard we caution again that sales over a short period are often disproportionately impacted by various factors such as for example, selling days days of the week in which holidays fall timing of new product launches and the timing of price increases and promotions in retail stores distributor incentives.

Speaker Change: As well as shifts in the timing of production in some instances our bottlers are responsible for production and determine their own production schedules. This affects the dates on which we invoice such bottlers. Furthermore, our bottling and distribution partners maintain inventory levels. According to their own internal requirements, which they may all.

Speaker Change: From time to time for their own business reasons.

Speaker Change: We reiterate that sells over a short period, such as a single month should not necessarily be imputed to or regarded as indicative of results for a full quarter or any future period in.

Speaker Change: In conclusion, I would like to summarize some recent positive points. The energy category continues to grow globally. We believe that household penetration continues to increase in the energy drink category growth opportunities at household penetration per capita consumption along with consumers need for energy are positive factors for the category.

Speaker Change: We continue to expand ourselves and non Nielsen measured channels.

Speaker Change: As reported earlier, we implemented a price increase in United States on November one 2024, we continue to review opportunities for price increases domestically and internationally.

Speaker Change: <unk> flavor facility in Ireland is now providing a large number of flavors to our EMEA region, enabling better service levels and lower landed cost to our EMEA region.

Speaker Change: Juice plant at our <unk> facility in Ireland has now been completed often trials, we expect the juice plant to be in.

Speaker Change: Production by midyear.

Speaker Change: That's it for our 2025 innovation pipeline globally. We're currently exploring opportunities for alcohol production in certain international jurisdictions. We're pleased with the rollout of credits that theory, our affordable energy drink portfolio in a number of markets internationally. We are proceeding with plans for further launches of our affordable energy.

Brands with respect to the California, wildfires, just as with Hurricane molten and Hurricane who lead our team has been providing support water energy drinks clothing and other items to the first responders and local communities impacted by these events.

Speaker Change: I'd like to open the floor to questions about the quarter and the 2020 for.

Speaker Change: Thank you.

Speaker Change: We will now begin the question and answer session.

Speaker Change: Ask the question you May Press Star then one on your Touchtone phone.

Speaker Change: Thank you again speakerphone, please pick up your handset before pressing the keys.

Speaker Change: If at any time. Your question has been addressed and you would like to withdraw your question. Please press Star then two.

Speaker Change: In the interest of time, we ask that you. Please limit yourself to one question.

Speaker Change: Do you have further questions. Please rejoin the queue.

Speaker Change: At this time, we will pause momentarily to assemble our roster.

Speaker Change: The first question today comes from Bonnie Herzog with Goldman Sachs. Please go ahead.

Speaker Change: Alright, Thank you hi, everyone.

Speaker Change: Hi, I wanted to ask a question on your gross margins in the corner.

Speaker Change: And you gave us a little more color on the drivers behind the expansion I guess I'm curious you know how much did that.

Nice increase on November one how what about production.

Speaker Change: Volume in house.

Speaker Change: And finally and in fact are you arent doing that and then how big of a risk you see from aluminum tariffs.

Speaker Change: Are you still hadn't.

Speaker Change: Well, that's protecting song and I know you guys don't guide, but how are you feeling about further gross margin expansion agenda contact them.

Speaker Change: The pricing you took in everything I just asked about.

Speaker Change: Yes.

Speaker Change: Oh, yes.

Speaker Change: Bonnie Thank you for that long question.

Speaker Change: I think it was more than one question, we will try and answer them.

Speaker Change: The major drivers of gross margin in the quarter were reduced input costs, partially offset by geographical sales mix now there are a lot of other factors that influence gross margin as you all know.

Speaker Change: For example, yes, the price increase did impact gross margin positively but against that we.

Speaker Change: We had other costs that are set off against gross sales including increased.

Speaker Change: Commissions to the Coca Cola company based on increased sales and increased profitability in EMEA.

Speaker Change: As well as a.

Speaker Change: A tranche of of other issues promotional launches, yes were higher.

Speaker Change: Driven by the fact that when one does entertain a price increase we do ensure that.

Speaker Change: Promotional allowances are in place so that consumers don't get the sticker shock day, one from from the price increase.

Speaker Change: As regards.

Speaker Change: Tariffs I think Youll guess as good as mine things.

Speaker Change: Things keep on changing day by day, and I think it will be.

Speaker Change: Discussing with some of my colleagues prior to this call and we think it would be really premature even talk about tariffs because no one really knows whats going to happen.

Speaker Change: However, we are hedged.

Speaker Change: Quite a nice extent in 2025 with aluminum and we have some hedges on the Midwest premium.

Speaker Change: The next question comes from Dan Fannon with Morgan Stanley. Please go ahead.

Speaker Change: Okay.

Speaker Change: Hi, guys. So clearly youre enthusiastic about the energy category recovery, we're seeing in the U S. Can you also just give us some color or any thoughts on monsters potential U S market share performance as we look going forward I know youre not going to be specific but just relative to a period of compression we've seen in recent periods.

Speaker Change: <unk>.

Speaker Change: And also within that maybe you can touch specifically on the U S innovation pipeline in 2025 versus 2024, and shelf space and how that might play into monsters U S market share performance.

Speaker Change: With that category recovery. Thanks.

Speaker Change: Yeah.

Speaker Change: Okay.

Speaker Change: Running and are going to split this Chris.

Speaker Change: So.

Speaker Change: With regard let me, let me start with shelf space, we have negotiated increased shelf space this year.

Speaker Change: And it's in the low single digits, and we're really excited with the additions to our portfolio that we've been able to attract an increased shelf space.

Speaker Change: <unk>.

Speaker Change: As regards the total category we spoke at.

Speaker Change: And in Europe about the global energy drink category growing substantially.

Speaker Change: Over the next.

A few years to 2019 and I'll just remind you that the U S category is now $21 2 billion. So.

Speaker Change: It's you know it's hard to swing at all on growth in a $21 2 billion category that we've that we've seen historically.

Speaker Change: We will we will continue to see it.

Speaker Change: Increases in the category and you've seen that in the past few weeks, but it is a category in all major channels is good.

Speaker Change: The convenience, we see us coming back chips is still down but.

Speaker Change: The shopping basket and convenience are higher so all in all it augurs well for the for the category as a whole and for the category in the U S.

Speaker Change: As regards.

Speaker Change: Market Channel I'll give you my take.

Speaker Change: Always see competition, we've seen competition historically, and we'll continue to see competition and that will continue to.

Speaker Change: You know, obviously eating to both ourselves and integrate both market share, but this still is a very strong category and it's driven by two players two major players, which is us and Red Bull.

Speaker Change: Agreed.

Speaker Change: I think category we are also seeing.

Speaker Change: Growth internationally as well coming back I mean, everybody seems to have sort of a.

Speaker Change: Flattening of growth in that third quarter, whether it was U S or internationally for different reasons. None of us are really can explain it fully but it certainly is growing which is really pretty positive. We see this on a on a week to week basis.

With regard to 2025 and innovation.

Speaker Change: We have got off to an early start I think we've.

Speaker Change: Taken measures to try and sort of.

Speaker Change: Maximize the impact of all of our.

Speaker Change: Innovation and execution to step that up and we have we have strategies for that which we started with voice guava. We have followed it up with ultra Blue Hawaiian and just looking at the latest week numbers in ultra Blue and one is one of the top 10, selling product and its still gaining distribution.

Speaker Change: Our juice product Viking Barry is also on the sales per point has got off to a good start we've got the.

Speaker Change: The coffee category, we've got some good product. So we are actually very positive about.

Speaker Change: Innovation for this year, we think it will be positive.

Speaker Change: For us.

Speaker Change: Got off to an early start on them with the bottlers. So.

Speaker Change: We also have some more innovation that we have planned down to.

Speaker Change: In the full particularly we are quite excited with the banking relationship with any means possible.

Speaker Change: Have a single SKU, which we which we launched with Bang a new one but it means it means possible relationship combined with the fly when combined with their social media.

Speaker Change: We think he is going to be quite positive and as you know <unk>.

Speaker Change: <unk> is growing its recovering nicely and growing so we are quite positive for that we're also going to focus on Ryan, which as you know is really one of two real performance brands at the moment everybody's moved to different wellness in different areas. So we think that range is still a solid brand and we're also obviously you're going to put.

Speaker Change: Focus and effort behind those things.

Filippo: The next question comes from Filippo <unk> with Citi. Please go ahead.

Filippo: Hi, good afternoon, everyone.

Speaker Change: I wanted to ask about the U S energy drink category, obviously, we've seen a reacceleration in tracked channel data.

Speaker Change: You reported results in the U S seem to be tracking a little bit below what we've seen the tracked channel data. So maybe can you comment a bit all the untracked portion of your business, if you've seen any slowdown, particularly with smaller <unk> gas.

Speaker Change: Gas gas and convenience stores that are not picked up and any comment on the Hispanic population that we've heard from other companies seeing a little bit of pressure on more recently thank you.

Speaker Change: I think Thats, what you said about the.

Speaker Change: Spanning consumer is probably.

Speaker Change: Really accurate and I know when you say anything more about that.

Speaker Change: As regards January and we reported the January numbers.

Speaker Change: I believe that they will.

Speaker Change: <unk> significantly by weather.

Speaker Change: We never really we have a saying in this company that we avoid any disc.

Speaker Change: Discussion on weather and then we sell our products come rain rain and shine.

Speaker Change: December was a difficult month, it's difficult months in terms of the wildfires and it was a difficult month in terms of everything that you saw on the east coast relating to.

Speaker Change: Winter conditions. So January for me was I think it was an aberration.

Speaker Change: Other people may feel otherwise.

Speaker Change: That's that's a personal view.

Speaker Change: And.

Speaker Change: We've always got to appreciate that we sell to the bottlers and the distributors.

Speaker Change: They sell to the retailers and Nielsen is a factor of what the consumer buys at retail. So there's never really a this should be a correlation some people say.

Speaker Change: It is sometimes there is a correlation often there isn't but please remember that Nielsen is what the consumers what the consumers takeoff at retail and not what we sell we sell to the boxes.

Speaker Change: I think that I think that.

Speaker Change: To reinforce that I think that if you look at the Nielsen's.

Speaker Change: Are they short periods, we don't like too often.

Speaker Change: Refer to them, but if you look at the last couple of weeks on a week by week basis or major channel you can see monster has pretty much got back into close to an 8% growth rate in the measured which is all the main areas. So we're seeing some some good shoots coming out of.

Speaker Change: After January there clearly was some some effect on the way there and again.

Speaker Change: No.

Speaker Change: As we pointed out previously I think everybody is going to be cautious about looking at single months.

Speaker Change: There are other factors that affect it.

Speaker Change: The next question comes from Andrea Teixeira with Jpmorgan. Please go ahead.

Speaker Change: Thank you for the question and good afternoon I just wanted to go back to the comment right now on that.

Speaker Change: Innovation for for Bang, and and using both Bang and reign.

Speaker Change: As you had before for the functional portion of your portfolio.

Speaker Change: So I was wondering if you can elaborate a little bit more on your plans.

Speaker Change: For 2025 in terms of innovation in that specific segment, knowing that you you called out.

Speaker Change: I can tell you that was acquired by another.

Speaker Change: The third largest being more nietzsche, so I wonder how you see that transaction and how could that be.

Speaker Change: Impact your plans or anything youre seeing from your customers and any feedback that you can share. Thank you.

Speaker Change: I think everybody.

Speaker Change: Nos Laurie.

Speaker Change: Some good growth, it's doing nicely, but it is very focused on on younger female and that is an issue.

Speaker Change: What it is.

Speaker Change: The fact of the matter is it is growing I think that when we talk about Bang I think it is not directly.

Speaker Change: Comparable.

Speaker Change: Alani Nu and I think that in the case of Ryan it's very much more focused on performance categories. So I think they are all different positioning us for these different brands they're all.

Speaker Change: Able to fund their own positions.

Speaker Change: And.

Speaker Change: They will we will continue to compete and see how that growth, but we think that we can distinguish the positioning for <unk> from <unk> Bang and from nausea, Even for example in our portfolio and rainstorm and so we have a portfolio and we're going to continue to manage them appropriately we think that the other factor.

Speaker Change: Not really.

Speaker Change: Each other we'll see how that the acquisition goes that would have to manage two brands, but that's a challenge that will obviously take on but it's not for us to really comment on that.

Speaker Change: Yes, we have our own strategies.

Speaker Change: As you can expect.

Speaker Change: And.

Speaker Change: Alani Nu will probably continue to grow until they hit the ceiling on points of distribution a lot of the growth is coming out of <unk>.

Speaker Change: New distribution and they'll hit their ceiling on points of distribution in fact, just like Celsius.

Speaker Change: So we carry on we run our business and we run our play and we're very confident with the team here at monster and with a product in our portfolio that we have in the.

Speaker Change: The innovation for this year and for the innovation that we're working on and that's coming.

Chris Carey: The next question comes from Chris Carey with Wells Fargo. Please go ahead.

Speaker Change: Okay.

Hey, guys hope you're doing well.

Speaker Change: So.

Speaker Change: There was a comment earlier in the call around.

Speaker Change: Potential to take additional pricing or that youre looking at incremental pricing or you are always considering incremental pricing I cant remember exactly how it was said, but can you just talk about the sorts of things that.

Speaker Change: Looking at in order to make that decision about new pricing.

Speaker Change: Is that incremental aluminum inflation is that tariffs are those sorts of decisions already made.

Speaker Change: New innovation.

Speaker Change: Conscious that you've made some positive statements around being hedged on aluminum and a bit of Midwest premium, but just trying to contextualize what the.

Speaker Change: What.

Speaker Change: That decision processes go and when you would make that decision and how that could all play out. So thanks, so much for any contacts there.

Speaker Change: Sure.

Speaker Change: We always are looking for opportunities.

Speaker Change: Two increased pricing we've had significant costs increases as everyone. Appreciates is why funny answer question on the gross margin every quarter end.

Speaker Change: So.

Speaker Change: Please remember we didn't take price on reign.

Speaker Change: Rainstorm and Bang when we took pricing on the rest of our portfolio.

Speaker Change: November there are opportunities there.

Speaker Change: And internationally, we continue to review pricing as we do with <unk>.

Speaker Change: Monster and the U S and.

Speaker Change: A lot a lot will depend on where these tariffs and duties and up and.

Speaker Change: Frankly, what our competitors do.

Speaker Change: But we.

Speaker Change: We have a.

Speaker Change: Very strong focus on trying to improve stockholder wealth and that includes increasing pricing where there are opportunities to do so however, we not kind of disadvantage L brands.

Speaker Change: By increasing prices unnecessarily.

Speaker Change: This concludes our question and answer session I would like to turn the conference back over to Mr. Rodney sacks for any closing remarks.

Rodney Sacks: Thanks on behalf of Monster I'd like to thank everyone for their continued interest in the company. We continue to believe in the company and our growth strategy remain committed to continuing to innovate.

Speaker Change: Ed.

Speaker Change: To develop and differentiate our brands and.

Speaker Change: To expand the company, both at home and abroad and in particular capitalizing on our relationship with the Coca Cola bottling system.

Speaker Change: We believe that we all well positioned in the beverage industry and continue to be optimistic about the future of our company. Thanks very much for your attendance.

Speaker Change: The conference has now concluded. Thank you for attending today's presentation you may now disconnect.

Speaker Change: Okay.

Speaker Change: [music].

Speaker Change: Okay.

[music].

Speaker Change: All participants will be in a listen only mode.

Speaker Change: Should you need assistance. Please signal a conference specialist by pressing the star key followed by zero.

Speaker Change: After todays presentation, there will be an opportunity to ask questions.

Speaker Change: To ask a question you May Press Star then one on your Touchtone phone.

Speaker Change: Withdraw your question. Please press Star then two.

Speaker Change: Please note this event is being recorded.

Speaker Change: I would now like to turn the conference over to co Ceos, Rodney sacks, and Hilton Schlosberg. Please go ahead.

Rodney Sacks: Thanks, Good afternoon, ladies and gentlemen, thank you for attending the school I'm Rodney Sachs Hilton Schlosberg, Our Vice Chairman, Mike <unk>, Chief Executive Officer is on the call as is Tom Kelly, Our Chief Financial Officer, Tom Kelly will now read a cautionary statement.

Tom Kelly: Before we begin I would like to remind listeners that certain statements made during this call may constitute forward looking statements within the meaning of section 27 of the Securities Act of 1933 as amended and section 21 E of the Securities Exchange Act of 1934 as amended.

Tom Kelly: And are based on currently available information regarding the expectations of management with respect to revenues profitability future business future events financial performance and trends.

Tom Kelly: Management cautions that these statements are based on our current knowledge and expectations and are subject to certain risks and uncertainties. Many of which are outside the control of the company that may cause actual results to differ materially from the forward looking statements made during this call.

Tom Kelly: Please refer to our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K filed on February 29, 2024, and our subsequently filed quarterly reports on Form 10-Q, including the sections contained therein entitled risk factors.

Tom Kelly: <unk> and forward looking statements for a discussion on specific risks and uncertainties that may affect our performance at.

The company assumes no obligations to update any forward looking statements, whether as a result of new information future events or otherwise.

Tom Kelly: I would also like to note that at an explanation of the non-GAAP measures, which may be mentioned during the course of this call is provided in the notes in the condensed consolidated statements of income and other information attached to the earnings release dated February 27 2025.

Tom Kelly: A copy of this information is also available on our website www monster burst port Dot com in the financial information section.

Rodney Sacks: I would now like to hand, the call over to Rodney sacks.

Rodney Sacks: Thanks, Tom we continued to see sustained growth in the global energy drink category.

Rodney Sacks: United States, we are seeing a resurgence of growth in the energy drink category in the convenience and convenience as well as in all major channels reported by Nielsen are non Nielsen channels continued to grow as will growth opportunities and household penetration and per capita consumption along with consumers growing need for energy.

Rodney Sacks: A positive trends for the category.

Rodney Sacks: Hurricanes Helene and Moulton impacted sales at retail in certain states.

Rodney Sacks: But 2024, however, we have not determined the impact on our business. The alcohol segment operates a brewery in <unk>, North Carolina, which was closed for a week due to flooding from Hurricane Helene. This brewery was partially operational for a period and was fully operational by mid November 2024.

Rodney Sacks: In the United States, the energy category. According to Nielsen for the recently reported 13 weeks through February 15, 2025 grew at six 2% versus the same period last year.

Rodney Sacks: In APAC, the energy drink category, According to Nielsen and in charge for our direct markets for the recently reported 13 week period, which differ from country to country grew at approximately 11, 8% versus the same period last year and in Latam The energy drink category. According to Nielsen for our correct marketed for the recently report.

Rodney Sacks: 13 week period, which differ from country to country grew at approximately 22% versus the same period last year in each case. These are done on a FX neutral basis.

Speaker Change: Certain octopus should be separately considered in evaluating the results for the quarter.

Speaker Change: These specific items are as follows gross profit for the 2020 for fourth quarter was adversely impacted by an increase in inventory reserves due to excess inventory levels in the alcohol brands segment of $4 1 million and which I will now referred to as the alcohol brands inventory reserves.

Operating expenses for the 2020 for fourth quarter were adversely impacted by $137 million of impairment charges related to the alcohol brands segment. The impairment charges were primarily the result of operating and financial performance not meeting projections due impart to challenges in the category.

Speaker Change: As well as a decrease in projected ongoing operating and financial performance. In addition, operating expenses for the 2020 for fourth quarter were adversely impacted by $1 $8 million of company incurred legal expenses in connection with an intellectual property claim brought by the descendants of Hubert Hansen in.

Speaker Change: Relation to the company's use of the human hence the name prior to the transaction with the Coca Cola Company, which closed in 2015, and which we will now refer to as the Hansen litigation.

Speaker Change: Operating income adjusting for these items rose seven 9% to $517 9 million in the 2020 for fourth quarter net of tax. These items adversely impacted net income for the 2020 for fourth quarter by $105 million and net income per diluted share.

Speaker Change: At <unk> 10 per share diluted earnings per share for the 2020 for fourth quarter. Adjusted for these items was 38 cents per share.

Speaker Change: As a reminder, the bank inventory step up and impairment and the alcohol brands segment. We've previously discussed disclosed as items impacting profitability for the comparative 2023 fourth quarter and in addition to our golf condensed consolidated statement of income and other information and our golf condensed consolidated.

Speaker Change: <unk> balance sheet for the company for the quarter ended December 31, 2024 attached to our press release is a non-GAAP adjusted condensed consolidated statement of income and other information adjusting for the items impacting profitability and a reconciliation of GAAP and non-GAAP information.

Speaker Change: We believe that these non-GAAP items are useful to shareholders on this call and evaluating our ongoing operating and financial results. These non-GAAP items should be considered in addition to and not in lieu of U S GAAP financial measures.

Speaker Change: The company achieved record fourth quarter net sales of $1 18118, 1 billion in the 2020 for fourth quarter includes 8118 1 billion sorry, sorry.

Speaker Change: Four 7% higher than net sales of $1 $73 billion in the comparable 2023 quarter four 8%, excluding the alcohol segment on a foreign currency adjusted basis net sales for the 2020 for fourth quarter increased seven 8% or seven 9% excluding the hour.

Speaker Change: <unk> segment gross profit as a percentage of net sales for the 2020 for fourth quarter was 55, 3% compared with 54, 2% in the 'twenty two 'twenty three fourth quarter gross profit for the 2020 for fourth quarter was adversely impacted by the alcohol brands inventory.

Speaker Change: <unk> gross profit as a percentage of net sales for the 2020 for fourth quarter exclusive of the alcohol brands inventory reserves was 55, 5% the increase in gross profit as a percentage of net sales for the 2020 for fourth quarter was primarily the result of reduced input costs.

Speaker Change: The offset by geographical sales mix on a sequential quarterly basis gross margins were higher than the 2024 third quarter gross margins operating expenses for the 2020 for fourth quarter was $621 2 million compared with $504 4 million in the 2020.

Speaker Change: <unk> fourth quarter the increase in operating expenses were primarily the result of increased impairment charges within the alcohol brands segment increased payroll expenses and increased sponsorship and endorsement expenses as a percentage of net sales operating expenses for the 2020 for fourth quarter with.

Speaker Change: 34, 3% compared with 29, 2% in the 2023 fourth quarter adjusted operating expenses after making the adjustments described earlier increased five 5% to $488 7 million as compared to $463 2 million in the 2023.

Speaker Change: Comparable quarter adjusted operating expenses as a percentage of net sales for the 2020 for fourth quarter with 27% compared with 26, 8% in the 2023 fourth quarter <unk>.

Speaker Change: Distribution and warehouse expenses for the 2020 for fourth quarter was $77 6 million or four 3% of net sales compared to $79 6 million or four 6% of net sales in the 2023 fourth quarter.

Speaker Change: Operating income in the 2020 for fourth quarter decreased 12, 2% to $381 2 million from $434 million in the 2023 competitive quarter adjusted operating income after making the adjustments described earlier increased seven 9% to five <unk>.

Speaker Change: Third $17 9 million as compared to $480 1 million in the 2023 comparable quarter.

Speaker Change: The effective tax rate for the 2020 for fourth quarter was 29, 9% compared with 18, 5% in the 2023 fourth quarter. The increase in the effective tax rate for the 2020 for fourth quarter was primarily attributable to a decrease in the stock based compensation deduction.

Speaker Change: For the 2020 for fourth quarter and adjustments to the 2020 for full year effective tax rate higher 2020 for state income taxes, and the establishment of a state valuation allowance relating to certain net operating losses of the alcohol brands segment.

Speaker Change: Net income for the two and it's really for fourth quarter was $277 million as compared to $367 million in the 2023 comparable quarter. Adjusted net income in the 2020 for fourth quarter after making the adjustments described earlier with $375 7 million as compared to adjusted.

Speaker Change: Net income of $402 4 million in the 2023 comparable quarter.

Speaker Change: Earnings per share the 2020 for fourth quarter decreased 28% to <unk> 28 from <unk> in the fourth quarter of 2023 adjusted diluted earnings per share after making the adjustments described earlier remained consistent at 38 per share for both the 2024.

Speaker Change: 2023 or fourth quarters.

Net sales on a foreign currency adjusted basis increased eight 4% for the 2020 for full year. Adjusted net income per diluted share was $1 62 per share for the 2020 for full year compared with adjusted net income per share of $1 56 per share for the 2023 full years.

Speaker Change: Our fourth quarter financial results were again impacted by unfavorable foreign currency exchange rates in certain markets net changes in foreign currency exchange rates had an unfavorable impact on net sales for the 2020 for fourth quarter of $52 3 million.

Speaker Change: As previously reported we implemented a 5% increase on our brands and packages, excluding Bang right and rainstorm effective November one 2024 in the United States. We are continuing to monitor opportunities for further pricing actions, both domestically and internationally.

Speaker Change: According to the Nielsen reports for the.

Speaker Change: The 13 weeks ended February 15 2025.

Speaker Change: All outlets combined excluding convenience and gas.

Speaker Change: Sales in dollars in the energy drink category, including energy shots increased by 9% versus the same period a year ago.

Speaker Change: <unk> to the Nielsen reports for the 13 weeks ended February 15, 2020 for all outlets combined, namely convenience grocery drug mass merchandisers sales in dollars in the energy drink category, including energy shots increased by six 2% versus the same period, a year ago sales of the company's energy drink.

Speaker Change: Brands, including <unk> were up four 4% in the 13 week period sales of Monster increased four 8% sales of <unk> were down six 3% sales of Nos increased 2% and sells a full throttle decreased 8% sales of Red Bull increased 10%.

Speaker Change: According to Nielsen for the four weeks ended February 15, 2000, $25000 in the energy drink category in the convenience and gas channel, including energy shots increased two 8% and for the four weeks ended February <unk> 2025 were five 4% over the same period the previous year sales of the company's energy drink brands.

Including bank were up two 9% in the latest four week period in the convenience and gas channel sales of Monster increased by three 1% over the same period versus the previous year range sales decreased five 2% nauseous was down one 1% and full throttle was down too.

Speaker Change: 2% sales of Red Bull were up eight 3%.

Speaker Change: According to Nielsen for the four weeks ended February 15, 2025, the company's market share in the energy drink category in the convenience and gas channel, including energy shots in dollars increased from 36, 8% to 36, 9%, including bank Monster share increased from 29, 1%.

Speaker Change: A year ago to 29, 2% range share decreased <unk> two of a share point to two 7% normal share decreased <unk> one of a share point to two 5% and full throttle share remained at <unk> seven of a point banks share was one 8% Red Bull's share increased one <unk>.

Speaker Change: Share points to 36, 9% market shares of certain competitors were as follows Celsius seven 3% C 43, 5% goes to 9% five hour two 9% Rockstar, two 7% and allowing you to 2%.

Speaker Change: According to Nielsen for the four weeks ended February 15, 2000, $25000 in the coffee plus energy drink category, which included our Java Monster line in the convenience and gas channel decreased nine 1% over the same period the previous year sales of monster, including Java Monster 300 was seven.

Speaker Change: 9% lower in the same period versus the previous year sales of Starbucks energy coffee was 16, 6% lower Java monster share of the coffee plus energy drink category in the four weeks ended February 15, 2025 was 58, 9% up four eight of a point while Starbucks.

Speaker Change: Energy coffee share was 38, 2% down three four points.

Speaker Change: According to Nielsen.

Speaker Change: Channels in Canada for the 12 weeks ended January 25, 2020, the energy drink category increased 10, 3% in dollars sales of the company's energy drink brands increased 10, 5% versus a year ago.

Speaker Change: Full throttle sales decreased 5% and its market share decreased <unk>, one of a point to point.

Speaker Change: 5% to 0.5% according to Nielsen for all outlets combined in Mexico. The energy drink category increased 11, 1% for the month of January 2025 Monster sales increased 13, 7% monsters market share in value increased <unk> seven of a point to 30%.

<unk> against the comparable period, the previous year sales of credits have increased 27, 9% and its market share increased <unk> eight of a share point to six 2%. The Nielsen statistics for Mexico cover single months, which is a short period that may often be materially influenced positively and negatively.

Speaker Change: <unk> sales in the OXXO convenience chain, which dominates the market sales in the OXXO convenience chain in turn can be materially influenced by promotions that may be undertaken in that chain by one or more energy drink brands. During a particular month consequently, such activities could have a significant impact on the month.

Speaker Change: The Nielsen statistics for Mexico.

Speaker Change: According to Nielsen all outlets combined in Brazil, the energy drink category increased 13, 4% for the month of December 2020 for Monster sales increased 15, 7%.

Speaker Change: Monsters market share in value increased non of a point to 47, 7% compared to December 2023.

Speaker Change: And Tina due in part to the impact of inflation related local currency price increases the energy drink category increased 98, 7% for the month of January 2025 Monster sales increased 82, 5% monsters market share in value decreased four five points to <unk>.

Speaker Change: One 2% compared to January 2024 in Chile, the energy drink category increased 16, 2% for the month of January 2025, Monster sales increased 13% monsters market share in value decreased one one points to 39, 5% Monster energy.

Speaker Change: Remains the leading energy brand in value in Argentina, Brazil, and Chile.

Speaker Change: I'd like to point out that the Nielsen numbers in EMEA should only be used as a guide because the channels read by Nielsen in EMEA vary from country to country and are reported on varying dates within the month referred to from country to country.

Speaker Change: Based on our new new great person Nielsen database from 6% to nine 4% in the Netherlands, and from 34, 3% to 36% in Norway.

Speaker Change: According to Nielsen in the 13 week period, ending December 29, 2024 monsters retail market share in value as compared to the same period. The previous year grew from 22, 6% to 23, 4% in the Czech Republic from 17, 1% to 17, 7% in Germany from $18 nine.

Speaker Change: Percent to 28% in Poland from 33% to 32% in the Republic of Ireland and from 48% to 41, 4% in Spain.

Speaker Change: <unk> in Italy, and from 21% to 18 port, 4% in South Africa, and from 15, 5% to 14, 8% in Sweden.

Speaker Change: According to Nielsen in the 13 week period, ending December 29, 2020 for the retail market share in value of creditor was also branded as fury in certain markets as compared to the same period. The previous year grew from eight 2% to 11, 8% in Egypt from 34% to 41, 5%.

Speaker Change: In Kenya, and from 21% to 23, 4% in Nigeria.

Speaker Change: We are pleased that in the 2020 for fourth quarter months to gain market share in Belgium, Czech Republic, Great, Brazil, Germany, the Netherlands, Norway, Poland Republic of Ireland and Spain.

Speaker Change: According to IRI all outlets combined in Australia, the energy drink category increased 10, 5% for the four weeks ending February 2nd 2025 Monster sales increased 22% monsters market share in value increased one nine points to 24% against the comparable period.

Speaker Change: The previous year sales of mother decreased three 6% and its market share decreased one four share points to nine 4%.

Speaker Change: According to IRI for all outlets combined in New Zealand.

Speaker Change: 4% and its market share decreased non of a share point to four 6%.

Speaker Change: Lift plus decreased <unk> two of a percent and its market share decreased <unk> six of a share point to four 6%.

Speaker Change: According to <unk> in the convenience channel in Japan, the energy drink category increased five 1% for the month of January 2025 months of sales increased 4% monsters market share in value decreased two six points to 56, 8% against the comparable period.

Speaker Change: <unk>.

Speaker Change: The previous year.

Speaker Change: Net sales to customers outside the U S was $711 $5 million 39, 3% of total net sales in the 2020 for fourth quarter compared to $637 million or 36, 8% of total net sales in the corresponding quarter in 2023 foreign currency exchange rates.

Speaker Change: <unk> had a negative impact on net sales in U S dollars by approximately $52 3 million for the 2020 for fourth quarter.

Q4 2024 Monster Beverage Corp Earnings Call

Request a DemoDemo

MNST

Monster Beverage

Earnings