Monster Beverage Q2 Sales Rise 20.2% to $2.54B
Monster Beverage reported second-quarter net income up 19.6% to $584.5 million, with non-GAAP net income up as well. Net sales increased 17.9% on a foreign currency adjusted basis, helped by favorable exchange rates. Revenue grew across segments and grew strongly outside the U.S., while adjusted gross profit remained roughly stable.