(Boursier.com) — Monster Beverage, the American group specializing in energy drinks, is gaining ground on Wall Street this Friday. The group improved its accounts in the first fiscal quarter, benefiting from resilient demand. Revenues thus totaled $1.90 billion (+12%), in line with the consensus, while the gross margin improved to 54.1% compared to 52.8% a year earlier. Excluding adverse currency effects, revenues would have increased by 15.6%. Net profit increased 11.2% to $442 million. Operating profit was $542 million, compared to $485 million in the first quarter of 2023. The group will also launch a share buyback offer for $3 billion of ordinary securities, in the form of a Dutch auction. and subject to market conditions. The offer will be financed by 2 billion in cash and 1 billion in loans.
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