Monster Beverage net sales reach record high
Net sales for Monster Beverage increased 20.5% from $4.6 billion in 2020 to $5.5 billion in 2021, which is a record for the company. Part of this expansion is due to favorable exchange rates, which netted the company $61.9 million over 2021. However, gross profit fell over 2021 from 59.2% to 56.1%. Monster Beverages attributes this shrinking margin to an increase in aluminum prices, which forced the company to spend more on packaging, as most of its beverage products come in aluminum cans
New Activity|M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
Lorem Ipsum text header Report Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.
Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.