$MNST (Monster Beverage Corporation)

$MNST {{ '2016-03-18T17:49:52+0000' | timeago}} • SEC

During Feb. 2016, $MNST agreed to acquire approx. 49 acres of land located in Rialto, California for approx. $39MM. The company intends to build an approx. 1MM square-foot building if it ultimately acquires the land, which it hopes to have LEED certified, to replace its current leased warehouse and distribution space in Corona, California.

$MNST {{ '2017-05-04T22:38:26+0000' | timeago}} • Webcast

In U.S., $MNST is doing in-store price promotions and extensive sampling promotions for Mutant drink in May and June. For limited retailers, the company had started the distribution of a new zero calorie Mutant drink, which is expected to delivered to general market by the beginning of July.

$MNST {{ '2017-05-04T22:29:17+0000' | timeago}} • Webcast

$MNST said that it is planning to launch Mutant as an affordable energy drink in India. In Argentina, the company has not yet finalized the packing arrangements and is negotiating on that. $MNST is in the process of getting approval for its product in Argentina. The company is also planning to launch Mutant later this year in Pakistan.

$MNST {{ '2017-05-04T20:37:39+0000' | timeago}} • Announcement

Net sales for $MNST’s Other segment, which includes certain products of American Fruits & Flavors sold to independent third parties, were $5.5MM in 1Q17. There were no net sales for the Other segment in 1Q16. Net sales to customers outside the US rose to $190.9MM in 1Q17 from $149.1MM in 1Q16.

$MNST {{ '2017-05-04T20:37:24+0000' | timeago}} • Announcement

In 1Q17, net sales for $MNST’s Monster Energy Drinks segment, which is comprised of the Monster Energy drinks, as well as Mutant Super Soda drinks, increased 7.5% to $668.6MM from 1Q16. Net sales for the Strategic Brands segment, which includes the various energy drink brands acquired from The Coca-Cola Company, increased 16.4% to $68MM.

$MNST {{ '2017-05-04T20:33:25+0000' | timeago}} • Announcement

$MNST reported net income of $178MM in 1Q17, up 8.6% from $163.9MM in 1Q16. Diluted EPS increased 15.8% to $0.31 from $0.26 in 1Q16. Net sales increased 9.1% to $742.1MM compared to last year.

$MNST {{ '2017-03-01T22:53:53+0000' | timeago}} • Webcast

$MNST said the additional promotional allowances and other items in 4Q16 had the impact of increasing gross profit margin by approx. 2%. The company believes the reduction in promotional allowances may not impact the quarters in 2017.

$MNST {{ '2017-03-01T22:41:00+0000' | timeago}} • Webcast

$MNST's net sales to customers outside the US were $193.5MM in 4Q16. In local currencies, net sales to customers outside the US were approx. $3.3MM higher. In Europe, the Middle East and Africa, 4Q16 net sales grew 40% in local currencies and 33% in dollars over 4Q15. In Asia-Pacific, net sales grew 53.1% in dollars and 41.1% in local currencies.

$MNST {{ '2017-03-01T22:20:55+0000' | timeago}} • Webcast

In 4Q16, in EMEA, $MNST commenced distribution of Monster with Coca-Cola bottlers in Bahrain, Mauritius, Qatar and United Arab Emirates. In 1Q17, in EMEA, the company commenced distribution of Monster with Coca-Cola bottlers in Nigeria and Oman with additional launches planned in 2Q17 for Jordan, Kazakhstan, Kuwait and Pakistan.

$MNST {{ '2017-03-01T22:10:46+0000' | timeago}} • Webcast

During 4Q16, unfavorable currency exchange rates reduced $MNST’s net sales by approx. $3.3MM and gross sales by approx. $5.9MM. Gross profit, as a percentage of net sales, for 4Q16 was 66.1% versus 62.5% in 4Q15. The increase in gross profit as a percentage of net sales was primarily attributable to cost of goods savings.

$MNST {{ '2017-03-01T21:37:26+0000' | timeago}} • Announcement

On February 28, 2017, $MNST’s Board of Directors authorized a new repurchase program for the repurchase of up to $500MM of the company's outstanding common stock. No availability remained under the previously-authorized share repurchase programs.

$MNST {{ '2017-03-01T21:35:53+0000' | timeago}} • Announcement

In 4Q16, net sales for $MNST’s Monster Energy Drinks segment  increased 17% to $684.4MM from 4Q15. Net sales for the Strategic Brands segment increased 6.9% to $64.5MM. Net sales for the Other segment were $4.7MM.

$MNST {{ '2017-03-01T21:32:00+0000' | timeago}} • Announcement

$MNST reported an increase in 4Q16 earnings. Net income increased 24.7% to $172.9MM and diluted EPS increased 32.6% to $0.30 from 4Q15. The company estimates that distributor termination expenses of $46.3MM reduced diluted EPS by about $0.05 per share, after tax. Net sales grew 16.8% to $753.8MM from last year.

$MNST {{ '2016-11-03T22:03:44+0000' | timeago}} • Webcast

$MNST said that in China, by the end of 2016, the company expects to launch Monster in areas that would be covered by about 18% of the population. The company's current estimate is about 30-33% of the current energy market.

$MNST {{ '2016-11-03T21:31:47+0000' | timeago}} • Webcast

$MNST stated that in 4Q16, the company is planning to launch Monster through $KO bottlers in a number of Central Asian and Middle Eastern countries, with more launches to follow in 2017. $MNST added that it is currently awaiting approval for its product in India.

$MNST {{ '2016-11-03T21:15:20+0000' | timeago}} • Announcement

$MNST commenced the transition to Coca-Cola bottlers in Brazil earlier this week and in 4Q16 the company will be transitioning to Coca-Cola bottlers in certain Central Asian, Latin American, Middle Eastern and African countries, with further launches to follow in 2017.

$MNST {{ '2016-11-03T21:13:29+0000' | timeago}} • Announcement

$MNST commenced the launch of Monster Energy drinks in China beginning with Beijing in September and Shanghai and Hunan Province in October. Further launches are planned in 4Q16 and throughout 2017 in China. The company also launched Monster Energy drinks in Turkey in October.

$MNST {{ '2016-11-03T21:11:40+0000' | timeago}} • Announcement

$MNST reported continued progress on the implementation of its strategic alignment with $KO bottlers internationally. The company transitioned to Coca-Cola bottlers in Chile, Colombia, Mexico, South Africa and certain other countries during 3Q16.

$MNST {{ '2016-11-03T21:08:26+0000' | timeago}} • Announcement

Energy drink maker $MNST reported a rise in 3Q16 earnings on lower provision for income taxes as well as higher sales. Net income rose to $191.64MM or $0.99 per share from $174.57MM or $0.84 per share last year. Net sales grew 4.1% to $787.95MM. Pro forma EPS rose to $0.33 from $0.28.

$MNST {{ '2016-10-14T16:01:03+0000' | timeago}} • Announcement

$MNST's BoD approved 3-for-1 stock split which will be effected in form of 200% stock dividend. The additional shares will be distributed on Nov. 9, 2016 to stockholders of record on Oct. 26, 2016. $MNST sees stock to begin trading at split-adjusted price on Nov. 10, 2016. Upon completion, number of shares will triple to about 571MM shares.

$MNST {{ '2016-08-04T22:40:12+0000' | timeago}} • Webcast

Kevin Grundy of Jefferies asks about the receptivity from retailers for Mutant and Hydro beverages. $MNST CFO Hilton Schlosberg said that for Mutant, the reception has been good in general and the launch is proceeding in accordance with the plan. CEO Rodney Sacks added that Hydro launch is anticipated in 4Q16.

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