Monster Beverage Corp

MNST: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Monster Beverage Earnings: International Continues Driving Robust Growth but Creates Mix Headwind

Kristoffer Inton

Nov 6, 2026

Monster Beverage increased third-quarter sales by 16% (currency-neutral). International remained a growth engine, up 28%. Adjusted operating margin contracted 250 basis points to 29.2%, driven by higher distribution, aluminum, and selling costs, and a mix effect from higher international sales.

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Monster Beverage Corp

Monster Beverage Earnings: International Continues Driving Robust Growth but Creates Mix Headwind

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