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Monster Beverage Beats Q2 Earnings on Broad-Based Sales Growth
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Key Takeaways
Monster Beverage's Q2 sales rose 20.2% YoY to $2.54B, while adjusted EPS increased 15.2% to 60 cents.
MNST's energy-drink sales climbed 21.6%, while international revenues surged 34.6% YoY to $1.16B.
Monster Beverage plans selective pricing moves as innovation and zero-sugar expansion support growth.
Monster Beverage Corporation (MNST - Free Report) posted strong second-quarter 2026 results, with earnings and sales topping expectations. Adjusted earnings were 60 cents per share, up 15.2% year over year and surpassing the Zacks Consensus Estimate of 59 cents.
Revenues jumped 20.2% year over year to $2.54 billion, beating the consensus mark of $2.42 billion by 5%. Results benefited from robust international growth and strength in the core energy-drink business.
Monster Beverage Corporation Price, Consensus and EPS Surprise
Net sales in the Monster Energy Drinks segment increased 21.6% year over year to $2.36 billion. On a foreign currency-adjusted basis, segment sales advanced 19.3%. The segment includes Monster Energy, Reign, Bang, Storm and FLRT products.
The Strategic Brands segment generated net sales of $143.7 million, up 10.6% from the prior-year quarter. Currency-adjusted sales increased 8.1%. Meanwhile, Alcohol Brands sales declined 15.2% to $32.2 million, while Other segment sales fell 15.3% to $5.4 million.
Monster Beverage's International Business Accelerates
Net sales to customers outside the United States surged 34.6% to $1.16 billion, accounting for about 46% of total sales compared with 41% a year earlier. On a currency-adjusted basis, international sales climbed 29%.
Regional momentum was broad based. EMEA sales rose 27.2%, while Asia-Pacific sales increased 35.7%. Latin America, including Mexico and the Caribbean, advanced 56.1%. Brazil stood out with an 82% sales increase in dollars, while China and India posted growth of 62.5% and 84%, respectively.
MNST’s Margins & Costs
Adjusted gross profit, as a percentage of net sales, was 56.3% in the second quarter of 2026, up 10 basis points (bps) from a year ago. Pricing actions and favorable product sales mix supported profitability, partly offset by higher aluminum can costs, geographic sales mix and increased freight-in expenses.
Adjusted operating expenses were $662.7 million, or 26.5% of adjusted net sales excluding Alcohol Brands, compared with $505.6 million, or 24.4%, in the year-ago quarter. Distribution expenses rose 44.9% to $118.8 million, while selling expenses increased 36.7% to $269.2 million and general and administrative expenses advanced 9.5% to $291.2 million.
MNST's Liquidity Supports Financial Flexibility
Monster Beverage exited second-quarter 2025 with cash and cash equivalents of $2.19 billion and total stockholders' equity of $9.3 billion. Accounts receivable stood at $1.90 billion, while inventories totaled $867.7 million.
The company did not repurchase shares during the quarter. As of Aug. 5, roughly $900 million remained under its existing repurchase authorization. Monster Beverage also declared a two-for-one stock split, with split-adjusted trading expected to begin Aug. 11, 2026.
Monster Beverage's Pricing and Innovation Shape Outlook
Management has initiated discussions with U.S. partners and customers regarding selective pricing actions expected to take effect in the fourth quarter. In EMEA, Monster Beverage has already implemented aggregate low-single-digit pricing in certain markets and is considering additional increases elsewhere.
Innovation remains central to growth. Management said staggered 2026 launches improved execution, while limited-time offerings performed well. The company also continues to expand zero-sugar products, food-service distribution and affordable energy brands in international markets. July sales, excluding Alcohol Brands, were estimated to be 14.3% above the prior-year period, providing an early read on continued sales momentum.
This Zacks Rank #3 (Hold) company shares have gained 16.3% in the past six months compared with the industry’s 2.3% growth.
MNST Stock's Price Performance
Image Source: Zacks Investment Research
Stocks to Consider
The Vita Coco Company Inc. (COCO - Free Report) is the leading coconut water brand in the United States, leveraging its strong brand equity, expanding global presence and asset-light business model to capitalize on the growing demand for healthier hydration beverages. COCO currently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for Vita Coco’s current fiscal-year sales and earnings implies growth of 31.6% and 64.7%, respectively, from the year-ago reported figures. COCO has delivered a trailing four-quarter earnings surprise of 21.9%, on average.
The Coca-Cola Company (KO - Free Report) is a leading beverage company with a portfolio of 32 billion-dollar brands spanning sparkling beverages, water, sports drinks, dairy and value-added beverages. KO currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Coca-Cola’s current fiscal-year sales and earnings implies growth of 3.6% and 9.7%, respectively, from the year-ago reported figures. Coca-Cola delivered a trailing four-quarter earnings surprise of 4.6%, on average.
Primo Brands Corporation (PRMB - Free Report) is a leading North American branded beverage company focused on healthy hydration. It currently has a Zacks Rank #2.
The Zacks Consensus Estimate for Primo Brands’ current fiscal-year sales indicates growth of 1.6% from the prior year’s reported levels. PRMB delivered a trailing four-quarter earnings surprise of 7.7%, on average.
View the Zacks #1 Rank List
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Monster Beverage Beats Q2 Earnings on Broad-Based Sales Growth
Key Takeaways
Monster Beverage Corporation (MNST - Free Report) posted strong second-quarter 2026 results, with earnings and sales topping expectations. Adjusted earnings were 60 cents per share, up 15.2% year over year and surpassing the Zacks Consensus Estimate of 59 cents.
Revenues jumped 20.2% year over year to $2.54 billion, beating the consensus mark of $2.42 billion by 5%. Results benefited from robust international growth and strength in the core energy-drink business.
Monster Beverage Corporation Price, Consensus and EPS Surprise
Monster Beverage Corporation price-consensus-eps-surprise-chart | Monster Beverage Corporation Quote
MNST's Energy Drink Business Drives Sales
Net sales in the Monster Energy Drinks segment increased 21.6% year over year to $2.36 billion. On a foreign currency-adjusted basis, segment sales advanced 19.3%. The segment includes Monster Energy, Reign, Bang, Storm and FLRT products.
The Strategic Brands segment generated net sales of $143.7 million, up 10.6% from the prior-year quarter. Currency-adjusted sales increased 8.1%. Meanwhile, Alcohol Brands sales declined 15.2% to $32.2 million, while Other segment sales fell 15.3% to $5.4 million.
Monster Beverage's International Business Accelerates
Net sales to customers outside the United States surged 34.6% to $1.16 billion, accounting for about 46% of total sales compared with 41% a year earlier. On a currency-adjusted basis, international sales climbed 29%.
Regional momentum was broad based. EMEA sales rose 27.2%, while Asia-Pacific sales increased 35.7%. Latin America, including Mexico and the Caribbean, advanced 56.1%. Brazil stood out with an 82% sales increase in dollars, while China and India posted growth of 62.5% and 84%, respectively.
MNST’s Margins & Costs
Adjusted gross profit, as a percentage of net sales, was 56.3% in the second quarter of 2026, up 10 basis points (bps) from a year ago. Pricing actions and favorable product sales mix supported profitability, partly offset by higher aluminum can costs, geographic sales mix and increased freight-in expenses.
Adjusted operating expenses were $662.7 million, or 26.5% of adjusted net sales excluding Alcohol Brands, compared with $505.6 million, or 24.4%, in the year-ago quarter. Distribution expenses rose 44.9% to $118.8 million, while selling expenses increased 36.7% to $269.2 million and general and administrative expenses advanced 9.5% to $291.2 million.
MNST's Liquidity Supports Financial Flexibility
Monster Beverage exited second-quarter 2025 with cash and cash equivalents of $2.19 billion and total stockholders' equity of $9.3 billion. Accounts receivable stood at $1.90 billion, while inventories totaled $867.7 million.
The company did not repurchase shares during the quarter. As of Aug. 5, roughly $900 million remained under its existing repurchase authorization. Monster Beverage also declared a two-for-one stock split, with split-adjusted trading expected to begin Aug. 11, 2026.
Monster Beverage's Pricing and Innovation Shape Outlook
Management has initiated discussions with U.S. partners and customers regarding selective pricing actions expected to take effect in the fourth quarter. In EMEA, Monster Beverage has already implemented aggregate low-single-digit pricing in certain markets and is considering additional increases elsewhere.
Innovation remains central to growth. Management said staggered 2026 launches improved execution, while limited-time offerings performed well. The company also continues to expand zero-sugar products, food-service distribution and affordable energy brands in international markets. July sales, excluding Alcohol Brands, were estimated to be 14.3% above the prior-year period, providing an early read on continued sales momentum.
This Zacks Rank #3 (Hold) company shares have gained 16.3% in the past six months compared with the industry’s 2.3% growth.
MNST Stock's Price Performance
Image Source: Zacks Investment Research
Stocks to Consider
The Vita Coco Company Inc. (COCO - Free Report) is the leading coconut water brand in the United States, leveraging its strong brand equity, expanding global presence and asset-light business model to capitalize on the growing demand for healthier hydration beverages. COCO currently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for Vita Coco’s current fiscal-year sales and earnings implies growth of 31.6% and 64.7%, respectively, from the year-ago reported figures. COCO has delivered a trailing four-quarter earnings surprise of 21.9%, on average.
The Coca-Cola Company (KO - Free Report) is a leading beverage company with a portfolio of 32 billion-dollar brands spanning sparkling beverages, water, sports drinks, dairy and value-added beverages. KO currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Coca-Cola’s current fiscal-year sales and earnings implies growth of 3.6% and 9.7%, respectively, from the year-ago reported figures. Coca-Cola delivered a trailing four-quarter earnings surprise of 4.6%, on average.
Primo Brands Corporation (PRMB - Free Report) is a leading North American branded beverage company focused on healthy hydration. It currently has a Zacks Rank #2.
The Zacks Consensus Estimate for Primo Brands’ current fiscal-year sales indicates growth of 1.6% from the prior year’s reported levels. PRMB delivered a trailing four-quarter earnings surprise of 7.7%, on average.