Monster Beverage (MNST) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter grew compared with both the immediately preceding period and the same period one year earlier. The company reported an increase in sales, continuing the upward trajectory seen in recent quarters.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter grew compared with both the immediately preceding period and the same period one year earlier. The company reported an increase in sales, continuing the upward trajectory seen in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7B
Revenue reported for this quarter.
Quarter-over-quarter
+12.3%
Change from the immediately preceding quarter.
Year-over-year
+11.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.7B | +13.2% |
| Sep 30, 2022 | $1.6B | +15.2% |
| Dec 31, 2022 | $1.5B | +6.2% |
| Mar 31, 2023 | $1.7B | +11.9% |
Revenue performance
Revenue increased during the quarter, reflecting higher sales than the prior quarter.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose, and it also increased relative to the same quarter one year earlier.
What to watch
A significant portion of the company's cash and cash equivalents was held by foreign subsidiaries, which may be subject to repatriation considerations.