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Monster Beverage Q1 profit climbs 44.2% YOY

Monster Beverage Corp. said its normalized net income for the first quarter came to 26 cents per share, compared with the S&P Capital IQ consensus estimate of 23 cents per share.

EPS rose 44.2% year over year from 18 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $134.3 million, a gain of 44.2% from $93.1 million in the year-earlier period.

The normalized profit margin climbed to 21.4% from 17.4% in the year-earlier period.

Total revenue climbed 16.9% year over year to $626.8 million from $536.1 million, and total operating expenses grew 6.7% from the prior-year period to $413.2 million from $387.3 million.

Reported net income decreased 94.5% year over year to $5.2 million, or 1 cents per share, from $95.5 million, or 18 cents per share.