Monster Beverage Corporation reported its first-quarter 2025 earnings with net sales of $1.85 billion, falling short of the estimated $1.98 billion and marking a 2.3% decline from $1.9 billion in the same quarter last year. Despite the revenue shortfall, the company improved its gross profit margin to 56.5%, up from 54.1% in Q1 2024, driven by pricing strategies and supply chain optimizations. Operating income increased by 5.1% to $569.7 million, or 7.9% to $591.2 million excluding the alcohol brands segment on a non-GAAP basis. Earnings per diluted share rose by 7.4%, with adjusted EPS reported at $0.47, surpassing expectations. Net sales outside the U.S. were $733.2 million, down 1.5% year-over-year. Operating expenses were $478.2 million, below the estimated $497.9 million. The company noted that its performance was negatively impacted by bottler and distributor ordering patterns for the first time. Meanwhile, Funko Inc. reported its Q1 2025 financial results and withdrew its full-year guidance.