Monster beverage reports 2024 first quarter results

-- record first quarter net sales rise 11.8 percent to $1.90 billion -- -- net sales, adjusted for adverse changes in foreign currency of $64.4 million, rise 15.6 percent (12.6 percent exclusive of argentina's impact) -- -- first quarter gross profit as a percentage of net sales improves to 54.1 percent -- -- first quarter net income increases 11.2 percent to $442.0 million -- -- company currently intends to commence tender offer to repurchase up to $3.0 billion of common stock -- corona, calif., may 02, 2024 (globe newswire) -- monster beverage corporation (nasdaq: mnst) today reported financial results for the three-months ended march 31, 2024.
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