Monster Beverage

Monster Beverage Corporation Waives Financing Condition for Modified Dutch Auction Tender Offer to Purchase Up to $3.0 Billion of Its Outstanding Common Stock

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星期四, 五月 30, 2024
Security (finance), Monster Beverage, Monster, Term loan, Letter of transmittal, Form 10-K, Trustee, Beast, Letter, Sale, Energy, MNST, Annual report, RCF, Schlosberg, Knowledge, J.P. Morgan & Co., Monster Tour

Monster intends to borrow an aggregate of $750.0 million under the credit agreement, and expects to use $2.25 billion in cash on hand, to consummate the tender offer.

Key Points: 
  • Monster intends to borrow an aggregate of $750.0 million under the credit agreement, and expects to use $2.25 billion in cash on hand, to consummate the tender offer.
  • Because Monster expects to use less than $1.0 billion in debt financing to consummate the tender offer, Monster waives the Financing Condition and the tender offer is no longer subject to the Financing Condition.
  • Shareholders should read these materials carefully because they contain important information, including the terms and conditions of the tender offer.
  • Monster’s actual results could differ materially from those contained in the forward-looking statements, including with respect to the tender offer.

Global Sports Nutrition Market Projected to Reach $78 Billion as Muscle Repair & Growth Becoming Vitally Important

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星期二, 五月 21, 2024
Monster Beverage, Prescription, CLTI, News, Obesity, Investment, Consciousness, FDA, Monster Tour, Post Holdings, MNST, Esprit, Standard of care, Celsius, PALM, MUSL, University of Toronto, Argentine peso, Facial muscles, Monster, Food, UCLA Health, Medicinal chemistry, Research, BTK, Weight loss, Adjustment, Patient, Knee, Stent, Everolimus, University, Growth, Dietary supplement

The sports nutrition market is experiencing robust growth due to increasing consumer awareness about the importance of fitness and healthy lifestyles.

Key Points: 
  • The sports nutrition market is experiencing robust growth due to increasing consumer awareness about the importance of fitness and healthy lifestyles.
  • Key growth drivers include a surge in health-conscious consumers, a growing fitness culture, and a rising interest in sports activities.
  • The surge in demand for protein powder in the sports nutrition market is attributed to its versatile and convenient nature.
  • As a vital component for muscle repair and growth, protein powder caters to the increasing fitness consciousness among consumers.

Monster Beverage Corporation Commences Modified Dutch Auction Tender Offer to Purchase Up to $3.0 Billion of Its Outstanding Common Stock

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星期三, 五月 8, 2024
Sale, Monster Tour, Energy, J.P. Morgan & Co., Beast, Monster, Letter of transmittal, RCF, Monster Beverage, MNST, Hand, Security (finance), Knowledge, Letter, Form 10-K, Term loan, Annual report

If the Financing Condition is not satisfied and Monster does not waive the Financing Condition, Monster may amend, terminate or extend the tender offer.

Key Points: 
  • If the Financing Condition is not satisfied and Monster does not waive the Financing Condition, Monster may amend, terminate or extend the tender offer.
  • Alternatively, Monster shareholders may tender shares without specifying a purchase price, in which case their shares will be purchased at the purchase price determined in accordance with the tender offer.
  • The Offer to Purchase, the related Letter of Transmittal and the other tender offer materials will be sent to Monster shareholders shortly after commencement of the tender offer.
  • Monster’s actual results could differ materially from those contained in the forward-looking statements, including with respect to the tender offer.

Monster Beverage Reports 2024 First Quarter Results

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星期四, 五月 2, 2024
The Coca-Cola Company, Argentine peso, Climate, MNST, Growth, Hilton Schlosberg, Knowledge, Person, Energy, Beast, Uncertainty, Monster Beverage, Hand, Communication, PET, Minor, Tax, Annual report, Monster Tour, Monster, Insurance, Ultra, Obesity, Commission, TCCC, Marketing, Currency, Sale, Internet, Political lists, Security (finance), Gold Strike, Form 10-K, Energy drink, Drink, Letter, Video game

CORONA, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three-months ended March 31, 2024.

Key Points: 
  • -- Net Sales, Adjusted for Adverse Changes in Foreign Currency of $64.4 Million,
    CORONA, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three-months ended March 31, 2024.
  • Such sales were approximately 39 percent of total net sales in the 2024 first quarter, compared with 37 percent in the 2023 first quarter.
  • Operating expenses for the 2024 first quarter were $485.1 million, compared with $412.8 million in the 2023 first quarter.
  • Stock-based compensation was $22.5 million for the 2024 first quarter, compared with $16.1 million in the 2023 first quarter.

Monster Beverage to Report Financial Results for 2024 First Quarter on May 2, 2024

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星期五, 四月 26, 2024
Internet, Monster Tour, Energy, Beast, Monster Beverage, MNST

CORONA, Calif., April 26, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) announced today that results for its first quarter ended March 31, 2024, will be reported on Thursday, May 2, 2024, after the close of the market.

Key Points: 
  • CORONA, Calif., April 26, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) announced today that results for its first quarter ended March 31, 2024, will be reported on Thursday, May 2, 2024, after the close of the market.
  • Based in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries.
  • The Company’s subsidiaries develop and market energy drinks, including Monster Energy® drinks, Monster Energy Ultra® energy drinks, Juice Monster® Energy + Juice energy drinks, Java Monster® non-carbonated coffee + energy drinks, Rehab® Monster® non-carbonated energy drinks, Monster Energy® Nitro energy drinks, Reign® Total Body Fuel high performance energy drinks, Reign Inferno® thermogenic fuel high performance energy drinks, Reign Storm® total wellness energy drinks, NOS® energy drinks, Full Throttle® energy drinks, Bang Energy® drinks, BPM® energy drinks, BU® energy drinks, Burn® energy drinks, Gladiator® energy drinks, Live+® energy drinks, Mother® energy drinks, Nalu® energy drinks, Play® and Power Play® (stylized) energy drinks, Relentless® energy drinks, Samurai® energy drinks, Ultra Energy® drinks, Predator® energy drinks and Fury® energy drinks.
  • The Company’s subsidiaries also develop and market still and sparkling waters under the Monster Tour Water® brand name.

First Book and Ashoka Announce 15 Youth Challenge Winners in Time for Change Nationwide Initiative

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星期四, 三月 28, 2024
Marvel, Friends, Face, Learning, AID, Social media, History, Child, Ubuntu, Audemars Piguet, First Book, Partnership, Education, Attention, Monster Beverage, Animal, Teaching, Organization, Library, Coffee, Knowledge, Kylie, Volunteering, Student, Survivor, STEM, Time for Change, Problem solving, Parent, Bee, E-commerce, Health, Freedom, Culture, Growth, Environment, Network, Empathy, DonorsChoose, School, Faculty, Life, Biodiversity, STEAM, Youth, Heart, Refugee

WASHINGTON, March 28, 2024 /PRNewswire/ --Today, First Book and Ashoka, leading organizations in educational equity and social entrepreneurship, have announced the 15 grand prize winners of the Time for Change Youth Challenge. Young changemakers from across the country will receive $1,000 grants for student-led solutions to improve their classrooms, schools, and communities. The Time for Change Youth Challenge is designed to spark transformative changemaking journeys in young people, with submissions ranging from kindergarten to 12th grade students looking to bring their innovative solution to life or expand an existing student-led initiative.

Key Points: 
  • WASHINGTON, March 28, 2024 /PRNewswire/ --Today, First Book and Ashoka, leading organizations in educational equity and social entrepreneurship, have announced the 15 grand prize winners of the Time for Change Youth Challenge .
  • The Youth Challenge builds on the success of the Time for Change: Dream, Act, Change Our World campaign, first launched by First Book and Ashoka in 2022 .
  • The initiative has since expanded internationally to inspire young people to become changemakers for their schools and communities.
  • The Youth Challenge demonstrates the eagerness of young people to make lasting change in their schools and classrooms.

Monster Beverage to Report Financial Results for 2023 Fourth Quarter on February 28, 2024

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星期三, 二月 21, 2024
Beast, MNST, Energy, Nasty, Conference, Monster Tour, Monster Beverage, Internet

CORONA, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) announced today that results for its fourth quarter ended December 31, 2023, will be reported on Wednesday, February 28, 2024, after the close of the market. The company also said that Co-Chief Executive Officers, Rodney Sacks and Hilton Schlosberg, will host an investor conference call that same day at 2 p.m. Pacific Time to review the company’s financial results and operations.

Key Points: 
  • -- Company to Conduct Conference Call at 2 p.m. Pacific Time --
    CORONA, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) announced today that results for its fourth quarter ended December 31, 2023, will be reported on Wednesday, February 28, 2024, after the close of the market.
  • Based in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries.
  • The Company’s subsidiaries develop and market energy drinks, including Monster Energy® drinks, Monster Energy Ultra® energy drinks, Juice Monster® Energy + Juice energy drinks, Java Monster® non-carbonated coffee + energy drinks, Rehab® Monster® non-carbonated energy drinks, Monster Energy® Nitro energy drinks, Reign® Total Body Fuel high performance energy drinks, Reign Inferno® thermogenic fuel high performance energy drinks, Reign Storm® total wellness energy drinks, NOS® energy drinks, Full Throttle® energy drinks, Bang Energy® drinks, BPM® energy drinks, BU® energy drinks, Burn® energy drinks, Gladiator® energy drinks, Live+® energy drinks, Mother® energy drinks, Nalu® energy drinks, Play® and Power Play® (stylized) energy drinks, Relentless® energy drinks, Samurai® energy drinks, Ultra Energy® drinks, Predator® energy drinks and Fury® energy drinks.
  • The Company’s subsidiaries also develop and market still and sparkling waters under the Monster Tour Water® brand name.

Sports Nutrition Market Size Expected to Reach $81 Billion by 2030 as Workout Nutritional Supplements Demand Rises

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星期三, 二月 7, 2024
COKE, OTCQB, News, USD, Exercise, PepsiCo, NHL, NFL, Organization, Post Holdings, Rejuvenation, Common stock, PALM, MNST, Beast, Acquisition, National Football League, Major League Baseball, Growth, Government, United, Coca-Cola Consolidated, AFL, Monster Beverage, MLB, Athlete, Adjustment, Senior ice hockey, Investment, Sport, National Hockey League

It said: “The sports nutrition market segmentation has been bifurcated by end-user into commercial, bodybuilders, recreational users and athletes.

Key Points: 
  • It said: “The sports nutrition market segmentation has been bifurcated by end-user into commercial, bodybuilders, recreational users and athletes.
  • The athlete's category held the majority of the market share with respect to the sports nutrition market revenue.
  • Additionally, the U.S. sports nutrition market held the largest market share, and the Canadian sports nutrition market was the fastest-growing market in the region.
  • Major market players are spending a lot of money on R&D to increase their product lines, which will help the sports nutrition market grow even more.

SPANX Appoints Cricket Whitton as CEO and Names Veteran Brand Transformation Leader Jeanne Jackson as Executive Chair

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星期一, 二月 5, 2024
Monster Beverage, Growth, Family, NIKE, Saks Fifth Avenue, SPANX, Wayfair, Nike, Bloomberg Businessweek, Delta Air Lines, Walmart, Cricket, Herman Miller, Gap, The Walt Disney Company, Woman, Management

ATLANTA, Feb. 5, 2024 /PRNewswire/ -- SPANX, LLC, the globally renowned lifestyle brand, and leader in shapewear, announced its next generation of leadership.

Key Points: 
  • ATLANTA, Feb. 5, 2024 /PRNewswire/ -- SPANX, LLC, the globally renowned lifestyle brand, and leader in shapewear, announced its next generation of leadership.
  • The Board of Directors has appointed Caroline (Cricket) Whitton to Chief Executive Officer and Jeanne Jackson as Executive Chair.
  • "I am so happy to announce Cricket as the CEO of SPANX.
  • Jeanne Jackson brings decades of executive leadership experience at leading apparel, retail, and lifestyle brands.

Monster Beverage Corporation’s CANarchy Craft Brewery Collective to Operate as Monster Brewing Company

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星期三, 一月 31, 2024
Monster Beverage, MNST, Beast, Acquisition, Organization

CORONA, Calif. and LONGMONT, Colo., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today announced that effective immediately, CANarchy Craft Brewery Collective (“CANarchy”) will operate under the name Monster Brewing Company.

Key Points: 
  • CORONA, Calif. and LONGMONT, Colo., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today announced that effective immediately, CANarchy Craft Brewery Collective (“CANarchy”) will operate under the name Monster Brewing Company.
  • CANarchy’s new alcohol products, The Beast Unleashed™ and Nasty Beast™ Hard Tea, now represent the majority of the Company’s alcohol beverage sales.
  • This change will better align the business with Monster Beverage Corporation’s brand equity, particularly as these products are expected to continue to play an increasingly important role in CANarchy’s future activities.
  • “We entered the alcohol beverage sector with the acquisition of CANarchy in February 2022, providing us with a fully staffed organizational infrastructure, full distribution in place and manufacturing capabilities,” said Hilton Schlosberg, Vice Chairman and Co-Chief Executive Officer of Monster Beverage Corporation.