Monster Beverage says third-quarter net sales rose 16.7% to $2.56 billion

Monster Beverage reported financial results on November 5, 2026, for the three months ended September 30, 2026. Net sales rose 16.7% to $2.56 billion from $2.20 billion a year earlier. Changes in foreign currency exchange rates had a favorable impact of $8.1 million on quarterly net sales.

Net sales to customers outside the United States increased 28.1% to $1.20 billion, or approximately 47% of total net sales, compared with 43% a year earlier. Chief Executive Officer Hilton H. Schlosberg said net sales in LATAM rose 48.8% in dollars, primarily driven by operations in Brazil.

Operating income rose 6.4% to $718.7 million, and net income rose 8.4% to $568.4 million. Gross profit was 54.7% of net sales, compared with 55.7% a year earlier. The company attributed the decrease mainly to higher aluminum can costs, geographical sales mix and higher freight-in costs, partly offset by pricing actions.

For the nine months ended September 30, 2026, net sales increased 20.9% to $7.45 billion and net income increased 18.3% to $1.72 billion. During the third quarter, the company purchased approximately 2.3 million shares at an average price of $43.87 per share, for a total of approximately $100 million. As of November 4, 2026, approximately $800 million remained available for repurchase under previously authorized programs.