is you Good Schlosberg, call. this Finance. and today; our President Executive Thank afternoon, gentlemen. for as me I'm with Chairman President, attending Kelly, of and our Vice ladies Vice is Tom Rodney Sacks. Hilton
during the Act Act begin, Exchange we on and Securities meaning and business, the XXXX, XXA regarding the as expectations based Securities made of XXE of XXXX, to may financial as with constitute Section that trends. future certain remind Section Before call listeners forward-looking of are amended, and like statements of revenues, currently the performance, amended, future I'd events, profitability, this statements information available respect within of of management to
Management the our which statements cause that and and cautions and expectations certain on call. this of subject of actual uncertainties, statements to many materially are control knowledge Company, based are the from current to forward-looking risks differ made may during results outside these are that
entitled of on a May to risks annual the Please otherwise. recent no Exchange therein XX-Q obligation as update future a including and Factors most to our whether and for Commission, Risk The information, with and on quarterly specific contained Securities result assumes Company and forward-looking on events including uncertainties XX, on affect discussion the most our recent Statements, report Forward-looking performance. that filings XX-K may new any or statements, filed XXXX, on our February X, Form report XXXX our filed Form sections refer
of call, notes mentioned certain attached to non-GAAP sales is during provided the information release August with gross other earnings of the in and and of condensed asterisks designated and dated explanation the the expenditures, consolidated income which An the of XXXX. in may X, be this statements course measure
are continuing products. of is to through in section. are we beverage to monsterbevcorp.com tastes endeavoring this the ongoing also our evolve, on address of new Consumer innovation copy preferences Financial Information information and and A available them website at our
In X.X% by in the foreign would movements. in second currency Net net quarter $XX.X quarter of Without impacted negatively were million XX.X%. sales billion XXXX. up quarter $X.XX sales of movements, billion, of sales up quarter currency were the approximately XXXX, the these for have second $X.X net foreign been second from the
second percentage of XXXX a as second with sales compared profit the XX.X% Gross XXXX quarter for quarter. net XX.X% in was the
products increased XXXX, percentage sales profit and a For of prices the our well of the Gross sales costs. quarter United by as States Canada, percentage and and sales geographical input in certain June increases a affected ended costs. sold as affected positively were sales as gross primarily product reduced negatively XX, profit in by mix net was net aluminum by of as
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in the was non-cash domestically primarily the same million to well growth, which taxes. Payroll payroll XXXX. to internationally due $XX.X second in quarter $XX.X in XXXX both an a and as item, headcount Stock-based is dollars, of in million million costs compared increased $X.X compensation, as in quarter increase
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compared of income XX.X% the second second $XXX.X per XXXX in Diluted to the to the share of quarter $X.XX net XXXX. and the increase X.X%. million increased of XXXX was the earnings $X.XX quarter $XXX.X income for in second Net quarter, from XXXX million second quarter in
Monster in XXXX. We implementation New Geyser's good make from We continue located progress in which Liberty the to our strategic with distribution Big York globally. markets the transitioned to Coca-Cola territory, early in alignment of April is Bottlers Coca-Cola drinks of metro Energy
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year. planning further second energy are certain brand Greece, namely quarter We of Cyprus. affordable Europe, in our in We international XXXX the and this Predator, launches markets launched Bulgaria, later in
We of are and planning in prototype launch Europe, additional throughout East second Asia, half XXXX. connected markets Middle the to Central Eastern Africa the
Mango. we China, the also of Monster In completed Ultra the and rollout launched Monster second quarter in
SKUs significantly Monster our targeted XX three expanded accounts. have key shelf in and space for our with We cities top
We of India, India Monster are in launches additional SKU XXXX. later continued in and the rollout across planning
with will Inc., of drinks. energy maker litigation Coca-Cola discuss Bang arbitration and the now the Company VPX, I briefly Pharmaceuticals, with Vital
it arbitration have we previously brand. that Coca-Cola products, distribute or to mutually the the permitted had manufacture, issue to Company Beverage As Corporation sell, agreed Coca-Cola developed in the submit disclosed, and Monster is of XXXX, October under drink Coca-Cola energy market, to where
XX, awarding outcome, partnership. continuing and to XXXX, arbitration value June this Regardless forward relationship Coca-Cola On in the Coca-Cola. Monster issued of and their look panel favor the final of a
previously filed In May, June through in ongoing. filed lawsuit addressed lawsuit are XXXX, the Reign of March, for also from the were beverages VPX $XXX million. XXXX to proceedings but of that VPX’s sales court projected trademark stated we Monster filings one in against and XXXX, September December in exceed XXXX I've false against advertising
for were by and illustrated initial than numbers July Nielsen June Our sales Reign our solid expectations. was of [ph] the lower as
introductions dates The Company on As which respect listings projections any of or be not be and to date sales factors, Reign or changed may any its with new products flavors. with product not for to respect the by including are new many products. providing launches, practice will has other projections with secured major retailers and affected authorizations,
with VPX is X.X% be to merchandisers, by XX, XX According on litigation energy a drink period Nielsen July all year-ago. in energy call. answering shots, combined, matter namely the sales for questions weeks not the today's through outlets on our grocery, dollars mass XXXX, the same subjugated, will reports, we category versus including the As in drug, increased convenience, this
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in turn impact for the a a by is the which statistics positively that month. cover monthly OXXO particular brands one convenience Consequently, Mexico. can single be drink often Nielsen chain, the influenced during statistics more maybe Mexico for could OXXO or short materially promotions significant Nielsen months, may influenced and/or chain that the period which have by market. convenience undertaken such a in in chain Sales by energy materially activities in that sales dominates negatively be The on
in month also numbers a out as dates I from varying EMEA country-to-country. Nielsen are because by Nielsen the should would from country-to-country that point reported within used read the EMEA vary guide to to be the in referred only channels on like and
XX.X% value According to the Belgium, to share ended market XXXX, in Nielsen, in from the XX.X% to XX.X% compared in as to to X.X% the year July XX.X% from XX-week XX.X% from Monster's grew XX.X% and same in in to XX.X% Britain, from Norway, Great X.X% previous XX.X% in Spain. XX.X% to period period retail France, Netherlands, from in and in XX.X% to the from
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same According for Nielsen, the year. value period increased XX.X% to Chile, Monster's XXXX June XX.X% share According in XX.X% Argentina in compared the of Brazil, share market Monster's period in compared retail increased to in launched year. same to month mid-February We from the previous of to Nielsen XX.X% market to retail XXXX. from in the the to Monster June XXXX the as for Energy previous month
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for market the XX.X% period the compared convenience to share store in Monster's month point XXXX INTAGE ended that period months. Japan, again factors channel be We XX.X% from XX, other cover or XX-week year. in same in positively grew in the According to statistics materially during value by to certain as and/or market trading often previous single influenced promotions out that negatively the in those may June
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were segment in in segment, A affordable impacted $XX.X of second quarter net million sales energy as compared $XX.X Net Strategic negatively foreign sale $X.X Company's same quarter movements. second in our which XXXX includes million to XXXX. brand Brands for currency approximately the of Predator, for the the for the Brands million quarter by was Strategic the
segment, third-party XX% $X.X as in AFF $X.X to sales corresponding quarter the the million, includes second were $XXX.X in quarter sales by outside sales total which to for made the in compared million of is U.S. Net in other sales or net of $XXX.X customers in were net quarter, XXXX. same in to the XXXX. million sales the which Net second total the XXXX compared quarter XX.X% million
effect approximately net sales U.S. Foreign the dollars currency rates by decreasing of $XX.X exchange had in million.
and and the quarter. reported sales issues our EMEA, in second the in in were In geographic quarters, but military delivered are versus their the Included performance to and the supply considerably previous customers chain are which production reduced transshipped customers, to continue still effect overseas. sales military U.S. to Company's
As continues and territory. mentioned earlier, market to in rates our Nielsen growth share the be strong
to track. through part reduce issues. contributed and managing production our chain on these to have secured and continuing are Furthermore, are capacity. in supply back issues to we additional production and securing of continuing co-packers are these We Certain that
dollars currencies net sales In same the EMEA, net the increased profit same as and in to in quarter XXXX. quarter in second was in XX.X% XX.X% sales the of local XX.X% XX.X% in the Gross increased region this percentage period in in over for compared XXXX. a quarter
percentage as costs. and well impacted manufacturing by mix, profit increases region was the country product as for Gross in
Ireland, Poland, We continues and gained perform the are Czech Monster Africa, France, Netherlands, Italy, Spain share Republic, market and Britain, in that also pleased Norway, Belgium, to well Great South Greece, Sweden. Germany,
in and XX% over region of the XX.X% product sales dollars of currencies as XX.X% net in sales net result period in the the Pacific, XXXX, increased Asia Gross versus local XX.X% mix. In second in and XXXX. same quarter same period in profit country over in percentage this as was a a
in local In sales the same net increased and Japan, dollars in net local XX.X% XX.X% to currency. compared increased in as and in XX.X% Korea, XX.X% South in quarter currency sales XXXX. in dollars In quarter the
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and currencies Mexico region quarter a the Caribbean, was sales same dollars period of XXXX. in mix. over Gross in the in and the local goods largely of XX.X% cost increased period XX.X% affected in including XXXX, America, XX.X% versus by as adverse profit second exchange the in to in in Latin due this percentage foreign In XX.X% net rates over same country net and increases sales
XX.X% currency XXX.X% quarter. dollars, decreased by dollars Chile the increased local in the Net in sales but local currency. in increased In net sales in in in in Brazil, quarter and X% increased X.X%
Reign Sublime of MAXX to well products as Reign Our this extra magic of States the the with in Strawberry U.S. place strength Orange Mango Reign a launch XXXX. Monster Creamsicle, launches namely later first new Mango in plan magic United and zero Monster in as took We MAXX Mule, Monster year, and the quarter product largely number Red-Red sugar.
innovative Java As The a date. Line will well revealed a details new be at of as Monster later extension. which
Mango market a in a Monster exclusive We customers also XXXX XXXX. in July later first and Mexico, Loco launched as launching Canada. into in with national In to launch launched XXXX Mule we May Punch Monster with April the chain Monster convenience in in Canada Pacific
of range and quarter second Rica. the we During Puerto in Caribbean the launched Pacific in our extended Monster Punch XXXX
XXXX. Predator We Trinidad in XX, launched also in May
we In the Monster Mango Loco Monster EMEA. quarter launched countries Loco markets. available now XXXX, in across second of Mango EMEA the in several is XX
launch extensions different several continue Line Monster to We brands our and markets. in strategic across EMEA countries
the launched Pipeline Punch half Africa it will further quarter Monster be in launched of six in was XXXX. markets in in South and the XXXX of second second a
We also Vanilla Sweden. in and launched France, Espresso Monster Norway Espresso and Monster
we the Monster of EMEA and XXXX. Line Espresso We the that end Europe countries are of to in rollout our by will available Espresso anticipate in expand Monster in planning be XX
planning of of energy brand We EMEA to available period. in fourth the launch to in XXXX. our markets in Monster launched Japan May in We Predator end Predator, countries additional are be XXXX. for limited EMEA We're Punch also Pipeline in Israel and in XX launch the affordable by a quarter planning should in
We Pipeline and in second country also including Malaysia of Loco Macau plan to and in want and in this Mango launch of year, the Taiwan products spring XXXX. Pacific Asia Punch the We Japan later in in launch in quarter. Vietnam launched Kong, Hong full number a a Ultra of
compared the $XXX.X equivalents sheet. cash at XXXX, June to XX, Cash at at million December XX, million were December million balance $XXX Short-term amounted investments to compared XXXX. to at XX, and million XXXX, XX, Turning to $XXX.X $XXX.X June XXXX.
XXXX. $XXX.X XX, December million XXXX, at receivable at XXXX. XXXX, million for million XX, days increased compared XX, receivable $XXX.X from at days increased to $XXX.X XX, at to Days to XXXX, at outstanding XX.X Inventories from XX, accounts December December at June June XX.X June Net XXXX. were accounts $XXX.X XX, million
sales at than compared days were XX, XX be June XX, XX.X XX.X% XX.X% XXXX. at We currency-adjusted basis, higher gross have selling sales. higher On July XXXX, gross inventory day in been than gross a XXXX XXXX. XXXX approximately There July in days foreign in would Average XXXX. sales to July to estimate XXXX July December days approximately July than of XXXX one was July comparable more
in price again week promotions we in such holidays for incentives often this of a short in In and selling distribution instances, for their product our period of levels partners, where determine responsible the disproportionately unilaterally we by timing production, sales increases which bottlers alter distributor days maintained regard, example, various which fall, they our bottlers as timing and by of the caution schedules, reasons. as new the on some impacted such the timing which business factors are over production as of which that shifts and in invoice their inventory as well production well are unilaterally retail stores, days, launches for dates as affects own
month We not even a reiterate a quarter over as or necessarily period period. of single months sales that to future be a or regarded as full any two such imputed short indicative for should or results
no authorized the second under repurchase repurchased quarter, shares previously XXXX share During program. the
$XXX.X X, As remained approximately previously our authorized for repurchase under million of available XXXX August programs. repurchase
is conclusion, energy statistics is demonstrate of positive category, with line to continuing In world many periods. and summarize earlier Monster generally that recent grow, the category the sales countries Retail around to from I'd some like growing in ahead that points. the
the Monster company's sales. add continue The to to new to additions family the
brands prospects for launches. our product We about new and the excited our are
high-performance drinks, by launched that note energy are We Total the and our encouraged at Reign Reign last Body week. Fuel Wal-Mart prospects for
international India. pleased in reiterate with for potential in growth are and performance our the us China We and our markets
in launch new Coca-Cola plans drinks our Bottlers We with are with continuing Monster to markets. certain Energy
future of brands with energy proceeding are internationally. We launches our affordable plans for our
with outside proceeding high-performance for our Body plans Reign in Total countries energy USA. Fuel We of are of certain the the launch drinks also
would the open the floor you. I to to quarter. about questions Thank like
