Monster Beverage Corporation stock research
FY2023 Q1
Monster Beverage (MNST) Gross Margin — Quarter Ended Mar 31, 2023
Revenue and gross profit increased compared to both the prior quarter and the same quarter last year, while cost of revenue rose less, leading to an improved gross margin.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue and gross profit increased compared to both the prior quarter and the same quarter last year, while cost of revenue rose less, leading to an improved gross margin.
- The gross margin expanded as revenue growth outpaced the increase in cost of revenue, resulting in a higher gross profit margin.
- Compared to the immediately preceding quarter, gross margin improved; versus the same quarter one year earlier, gross margin also strengthened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
52.8%
Gross profit
$897.8M
Revenue
$1.7B
Cost of revenue
$801.1M
Quarter-over-quarter change
n/a
Year-over-year change
+1.7 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $1.7B | $897.8M | $801.1M | 52.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2022
+1.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin expanded as revenue growth outpaced the increase in cost of revenue, resulting in a higher gross profit margin.
Compared to the immediately preceding quarter, gross margin improved; versus the same quarter one year earlier, gross margin also strengthened.
Monitor inventory levels, as the balance sheet shows a decrease from the prior period.