![]() ![]() ![]() Gross profit as a percentage of net sales increased on a sequential quarterly basis to 51.8 percent in the 2022 fourth quarter, from 51.3 percent in the 2022 third quarter. During 2022, CANarchy sustained margin pressures, costs of acquisition and integration, as well as certain other costs in preparation for the launch of the Company’s new alcohol product lines. Since the beginning of the COVID-19 pandemic and the subsequent global supply chain challenges and disruptions, the Company has prioritized product availability for its consumers and customers, despite adversely impacting gross margins and operating income.ĬANarchy Craft Brewery Collective LLC was acquired in February 2022 to facilitate the Company’s entry into the alcohol beverage sector. The Company implemented a price increase effective Septemin the United States and continued to implement price increases in certain international markets in the fourth quarter of 2022, all of which positively impacted gross profit margins. ![]() Net sales on a foreign currency adjusted basis increased 11.9 percent for the 2022 fourth quarter. Net changes in foreign currency exchange rates had an unfavorable impact on net sales for the 2022 fourth quarter of $81.9 million. The Company achieved record fourth quarter net sales of $1.51 billion for the 2022 fourth quarter, 6.2 percent higher than net sales for the 2021 comparable period. 28, 2023 (GLOBE NEWSWIRE) - Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three- and twelve-months ended December 31, 2022. Company Declares Two-for-One Stock Split -ĬORONA, Calif., Feb. Gross Margin Percentage Increases on a Quarterly Sequential Basis. Net Sales, Adjusted for Adverse Changes in Foreign Currency of $81.9 Million, Rise 11.9 Percent. Record Fourth Quarter Net Sales Rise 6.2 Percent to $1.51 Billion. ![]()
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