Monster Beverage (MNST) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same period a year earlier. The company's top-line continued its upward trajectory from the prior three quarters.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same period a year earlier. The company's top-line continued its upward trajectory from the prior three quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
+9.8%
Change from the immediately preceding quarter.
Year-over-year
+11.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.3B
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, 2023 | $1.9B | +12.1% |
| Sep 30, 2023 | $1.9B | +14.3% |
| Dec 31, 2023 | $1.7B | +14.4% |
| Mar 31, 2024 | $1.9B | +11.8% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, reversing a decline seen in the prior sequential period. The year-over-year comparison also showed a gain.
Quarterly comparison
Compared with the same quarter one year ago, revenue was higher. The sequential increase from the previous quarter outpaced the prior quarter's sequential change.
What to watch
The sequential revenue growth pattern may warrant monitoring given the prior quarter's decline.