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Monster Beverage Q2 profit climbs 10.9% YOY

Monster Beverage Corp. said its normalized net income for the second quarter was 38 cents per share, compared with the S&P Capital IQ consensus estimate of 40 cents per share.

EPS climbed 17.9% year over year from 32 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $217.3 million, an increase of 10.9% from $196.0 million in the prior-year period.

The normalized profit margin rose to 24.0% from 23.7% in the year-earlier period.

Total revenue rose 9.6% on an annual basis to $907.1 million from $827.5 million, and total operating expenses grew 8.4% on an annual basis to $556.8 million from $513.7 million.

Reported net income rose 22.2% on an annual basis to $225.4 million, or 39 cents per share, from $184.5 million, or 30 cents per share.