Monster Beverage Corporation (NASDAQ:MNST) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET

Company Participants

Rodney C. Sacks - Co-Chief Executive Officer and Chairman
Hilton H. Schlosberg - Co-Chief Executive Officer and Vice Chairman
Thomas J. Kelly - Chief Financial Officer

Conference Call Participants

Andrea Teixeira - JPMorgan
Christopher Carey - Wells Fargo Securities
Filippo Falorni - Citi
Mark Astrachan - Stifel
Peter Grom - UBS

Operator

Good evening, and welcome to the Monster Beverage Company Third Quarter 2024 Conference Call.

All participants are in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Mr. Rodney Sacks and Mr. Hilton Schlosberg, Co-CEOs. Please go ahead.

Rodney C. Sacks

Thank you. Good afternoon, ladies and gentlemen. Thanks for attending this call. I’m Rodney Sacks, Hilton Schlosberg, our Vice Chairman and Co-Chief Executive Officer. He is also on the call, as is Tom Kelly, our Chief Financial Officer. Tom Kelly will now read our caution restatement.

Thomas J. Kelly

Before we begin, I would like to remind listeners that certain statements made during this call may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended and are based on currently available information regarding the expectations of management with respect to revenues, profitability, future business, future events, financial performance and trends.

Management cautions that these statements are based on our current knowledge and expectations and are subject to certain risks and uncertainties, many of which are outside the control of the Company that may cause actual results to differ materially from the forward-looking statements made during this call.

Please refer to our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K filed on February 29, 2024, and quarterly reports on Form 10-K, including the sections contained therein entitled Risk Factors and Forward-Looking Statements for discussion on specific risks and uncertainties that may affect our performance. The Company assumes no obligations to update any forward-looking statements, whether as a result of new information, future events or otherwise.

I would also like to note that an explanation of the non-GAAP measures, which may be mentioned during the course of this call, is provided in the notes in the condensed consolidated statements of income and other information attached to the earnings release dated November 7, 2024. A copy of this information is also available on our website at www.monsterbevcorp.com in the Financial Information section.