Name: Monster Beverage Corp. (NASDAQ:MNST) | Analysis of Revenues
Creator: Stock Analysis on Net

Analysis of Revenues

Revenues as Reported

Revenues as Reported

Monster Beverage Corp., income statement, revenues

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
U.S. and Canada	4,610,069)	4,115,544)	3,640,011)	3,214,566)	2,995,534)
Europe, Middle East and Africa (EMEA)	1,390,659)	1,228,742)	1,103,428)	745,827)	674,509)
Asia Pacific, including Oceania	514,449)	456,186)	472,834)	423,792)	351,744)
Latin America and Caribbean	624,850)	510,578)	325,079)	214,453)	179,032)
Net sales	7,140,027)	6,311,050)	5,541,352)	4,598,638)	4,200,819)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

The annual revenue data reveals a consistent upward trend across all geographic segments from 2019 to 2023. This growth indicates a positive performance trajectory in terms of sales revenue.

U.S. and Canada: Revenue in this region shows a steady increase year-over-year. Starting at approximately 2.995 billion USD in 2019, it rose to about 4.610 billion USD by 2023. The growth is fairly linear, reflecting continuous market expansion or increased sales.
Europe, Middle East and Africa (EMEA): This region experienced a significant growth rate, particularly notable between 2020 and 2021 where revenue jumped from around 745.8 million USD to over 1.1 billion USD. The upward trend continued through 2023, reaching nearly 1.39 billion USD. This suggests strengthening market presence or product demand.
Asia Pacific, including Oceania: Revenue increased steadily from approximately 351.7 million USD in 2019 to over 514.4 million USD in 2023. There was a slight decline observed in 2022 to about 456.2 million USD, but the figure rebounded in 2023. This may indicate temporary market challenges or external factors impacting sales.
Latin America and Caribbean: This region shows the most remarkable growth rate among all segments. Revenue more than tripled from about 179 million USD in 2019 to approximately 625 million USD in 2023. The increase was especially pronounced between 2021 and 2022, indicating rapid expansion or increased market penetration.
Net Sales: Total net sales followed the regional trends, displaying consistent year-over-year growth from roughly 4.2 billion USD in 2019 to over 7.14 billion USD in 2023. The increasing net sales align with the growth patterns in all geographic segments, supporting the overall positive revenue momentum.

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