Overview
- Monster reported Q3 sales of $2.2 billion, up 17% year over year, with adjusted net profit rising 41% to $524.5 million.
- Shares of Monster rose about 5% after the release and into early Friday trading as results topped Wall Street expectations.
- Monster highlighted zero-sugar offerings and new flavors as growth drivers, and CEO Hilton Schlosberg said the category remains healthy with rising demand for lower-cost caffeine as coffee gets pricier.
- Celsius posted revenue growth of 173% and beat estimates, yet its shares fell as much as 23% on concern over channel changes as newly acquired Alani Nu moves into PepsiCo’s distribution network.
- Red Bull remains the category leader, with roughly $12.9 billion in 2024 sales compared with Monster’s about $7.5 billion last year.