MNST / FQ3 2026 (quarter ended 2026-09-30)

Monster Beverage Corporation

Reported: Nov 5, 2026

Forecast published

Nov 2, 2026 at 4:10 PM PST

Opus 5.5 High in Shortcut

Review incomplete

Shortcut

0.30

Normalized diluted EPS

-0.5% vs Street

Off by less than $0.01 per share

Street

0.30

Normalized diluted EPS

November 1 consensus snapshot

Exact

Real

0.30

Reported normalized EPS

Street win

Reported result · Nov 5 ↗ · Monster’s results release ↗ reports adjusted diluted EPS of $0.30, the result shown. The earlier hold concerned three past quarters in the forecast’s inputs, not this result. Held for this basis check from the report until November 9.

USD per diluted ordinary/common share. Comparisons use unrounded estimates.

Model download

Explore the assumptions and calculations behind the forecast. This is the agent’s original workbook. Its review didn’t finish, so it hasn’t been checked or repaired.

Open in Shortcut ↗Download XLSX ↓

Shortcut’s reasoning.

Revenue $2,516m (+14.5% Y/Y, +0.9% vs consensus): July 2026 sales +13.9% lapped a +24.3% July 2025 while Aug-Sep comps were softer; built bottom-up by segment and region (U.S.&Canada MED +9.5%, EMEA +18%, APAC +30%, LatAm +40%).

U.S. scanner is decelerating (Circana 3Q26 Monster +9.5%, late-Sep/Oct Nielsen +3-4%, share loss), so U.S. growth is set below the 2Q26 +13.6% shipment pace.

Gross margin 55.7% (3Q25 55.7%): aluminum/Midwest premium and freight headwinds offset by pricing and mix; U.S. price increase only lands in 4Q26.

Opex 26.2% of sales (3Q25 25.0%) on heavier marketing and distribution, giving operating income $743m vs consensus EBIT $742.5m; tax 23.7%; 1,979m post-split diluted shares.

Normalized EPS $0.298 (no exceptional items assumed, so GAAP = normalized), ~$0.002 below the $0.30 consensus; printing above $0.30 needs NI ~$604m, hence P(beat) 0.52 despite a 0.80 history-based prior.

On the record.

Reporting period: FQ3 2026 (quarter ended 2026-09-30)
Reporting basis: Normalized diluted EPS per common share (normalized EPS: GAAP excluding litigation and impairment items, net of tax), USD, post 2-for-1 split basis
Consensus snapshot: November 1, 2026
Model / effort: Opus 5.5 · High effort
Workbook: Original workbook · review incomplete

Record history

Forecast generated: Nov 1, 2026 at 11:29 PM PST
First posted: Nov 2, 2026 at 4:10 PM PST
Result checked: Nov 8, 2026 at 12:59 PM PST

Result basis

Monster’s results release ↗ reports adjusted diluted EPS of $0.30, the result shown. The earlier hold concerned three past quarters in the forecast’s inputs, not this result. Held for this basis check from the report until November 9.