Monster Beverage Corp

Monster Beverage Corporation announced that Mark J. Hall will resign from its Board of Directors, effective August 1, 2026. He will also step down as an employee of the Company's subsidiary, Monster Energy US LLC, effective April 1, 2027. The company stated that his resignation is not a result of any disagreement with the company or its management. Following Mr. Hall's departure, the Board will reduce its size from ten to nine directors.

Monster Beverage Corporation's Board of Directors has authorized a new share repurchase program for up to an additional $500.0 million of its outstanding common stock. This new authorization supplements the approximately $400.0 million that remained available under the company's previously authorized repurchase program as of May 14, 2026. The company intends to execute these share repurchases periodically through various market transactions, subject to market conditions and applicable regulations.

Monster Beverage Corporation reported strong financial results for the first quarter of 2026, with net sales increasing 26.9% to $2.35 billion, marking the first time Q1 net sales crossed the $2.0 billion threshold. Operating income grew 28.1% to $730.0 million, and net income per diluted share increased 27.6% to $0.58. International sales showed significant growth, rising 44.9% and representing 45% of total net sales. The company also repurchased $100.0 million of its common stock during the quarter.

Monster Beverage Corporation announced that its first quarter results for the period ended March 31, 2026, will be released on Thursday, May 7, 2026, after the market closes. Following the release, CEO Hilton Schlosberg will host an investor conference call at 2 p.m. Pacific Time to discuss the financial results and operations. The call will be accessible via a live audio webcast on the company's website, with an archived version available for about one year.