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Thursday, August 05, 2021 4:27:25 PM
By: Seeking Alpha | August 5, 2021
Monster Beverage (NASDAQ:MNST): Q2 GAAP EPS of $0.75 beats by $0.08.
Revenue of $1.46B (+33.9% Y/Y) beats by $70M.
Gross profit as a percentage of net sales, for the 2021 second quarter was 57.2 percent, compared with 60.3 percent in the 2020 second quarter.
Operating income for the 2021 second quarter increased to $526.0 million, from $407.3 million in the 2020 second quarter.
“In the second quarter of 2021, we continued to secure distribution in both our domestic and international markets for our products, including our new products introduced earlier this year. We are planning for additional launches during the second half of 2021,” said Rodney C. Sacks, Chairman and Co-CEO.
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