MNST earnings analysis
What we found in MNST's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Monster Beverage Corporation reported a strong Q1 2026 with net sales reaching $2.35 billion, a significant increase of 26.9% year-over-year. The company achieved an EPS of $0.58, exceeding estimates, marking a 27.6% increase from the prior year. Growth was driven primarily by robust international sales and strong performance in the Monster Energy Drinks segment.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Increased 26.9% YoY
- Net sales for Q1 2026 were $2.35 billion, up from $1.85 billion in Q1 2025.
- EPS Beat Estimates
- Reported diluted EPS was $0.58, beating the consensus estimate of $0.53.
- Monster Energy Drinks Performance
- The Monster Energy Drinks segment had sales of $2.19 billion, up 27.6% from $1.72 billion in Q1 2025.
- International Sales Growth
- Sales outside the U.S. surged 44.9% to $1.06 billion from $733.2 million in Q1 2025.
- Operating Income Up 28.1%
- Operating income grew to $730 million, compared to $570 million in Q1 2025.
- Robust Operating Cash Flow
- Cash provided by operating activities was $605 million, increasing from $508 million in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decline in Alcohol Brands Segment
- Sales for the Alcohol Brands segment decreased by 5.9%, falling to $32.7 million from $34.7 million in Q1 2025.
- Increasing Operating Expenses
- Operating expenses rose to $563.4 million, up 17.8% from $478.2 million in Q1 2025.
- Geographical Sales Mix Impacting Margins
- Gross profit margin decreased to 55.0% from 56.5% year-over-year due to geographical sales mix and rising costs.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.58
- Gross margin
- 55.0%
- Operating margin
- 31.0%
- Segment
- Monster Energy Drinks: $2.19B
- Segment
- Strategic Brands: $126.7M
- Segment
- Alcohol Brands: $32.7M
- Segment
- Other: $5.3M
What they said about what is next.
Future guidance on revenues and profitability to be clarified in earnings press release.
The filing reads better than the one before it.
What came before.
- 10-K · February 27, 2026
- Monster reported record net sales of $8,294,343,000 in 2025, a 10.7% increase versus 2024, with gross margin expanding to 55.8% and operating margin to 29.2%. Net income rose 26.3% to $1,905,432,000 (diluted EPS $1.94),…
- 10-Q · November 7, 2025
- Monster reported strong Q3 results with net sales of $2,197,139 (in thousands) and diluted EPS of $0.53, reflecting double‑digit year-over-year revenue growth and margin expansion. Gross margin widened to ~55.7% and…
- 10-K · February 28, 2025
- Monster delivered record annual net sales of $7.49 billion in 2024 (up 4.9% vs. 2023, foreign‑currency adjusted +8.4%) with gross margin expanding to 54.0% and Monster Energy® Drinks remaining the core business at $6.86…
- 10-Q · November 8, 2024
- Monster Beverage reported Q3 net sales of $1,880,973 (Q3 2023: $1,856,028), a modest year-over-year increase, but operating income contracted to $479,916 from $510,527 and diluted EPS fell to $0.38 from $0.43. Gross…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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