Monster beverage reports 2023 fourth quarter and full-year financial results

-- record fourth quarter net sales rise 14.4 percent to $1.73 billion -- -- net sales, adjusted for adverse changes in foreign currency of $27.1 million, rise 16.1 percent -- -- gross profit as a percentage of net sales improves to 54.2 percent on a reported basis and to 54.5 percent excluding the bang inventory step-up -- -- fourth quarter net income increases 21.6 percent to $367.0 million -- -- fourth quarter net income, excluding alcohol brands segment impairment charges and the bang inventory step-up, increases 33.1 percent to $401.5 million -- corona, calif., feb. 28, 2024 (globe newswire) -- monster beverage corporation (nasdaq: mnst) today reported financial results for the three- and twelve-months ended december 31, 2023.
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