Monster Beverage (MNST) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter was essentially flat compared to the prior quarter, while it increased from the same quarter a year earlier. The company's cash position remained substantial, with a significant portion held by foreign subsidiaries.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter was essentially flat compared to the prior quarter, while it increased from the same quarter a year earlier. The company's cash position remained substantial, with a significant portion held by foreign subsidiaries.
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
+0.1%
Change from the immediately preceding quarter.
Year-over-year
+2.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.4B
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 |
|---|---|---|
| Sep 30, 2023 | $1.9B | +14.3% |
| Dec 31, 2023 | $1.7B | +14.4% |
| Mar 31, 2024 | $1.9B | +11.8% |
| Jun 30, 2024 | $1.9B | +2.5% |
Revenue performance
The reported revenue was unchanged from the immediately preceding quarter, reflecting stability in the period.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher, marking continued growth on an annual basis.
What to watch
Note that a new credit agreement was entered in the quarter, providing substantial liquidity through 2029.