Revenue during the quarter grew 9.11 percent to $742.15 million from $680.19 million in the previous year period. Gross margin for the quarter expanded 259 basis points over the previous year period to 64.80 percent. Total expenses were 64.39 percent of quarterly revenues, up from 62.55 percent for the same period last year. That has resulted in a contraction of 184 basis points in operating margin to 35.61 percent.

Operating income for the quarter was $264.26 million, compared with $254.71 million in the previous year period.

Rodney C. Sacks, chairman and chief executive officer, said: "We are pleased to report continued progress on the strategic alignment of our distribution system with Coca-Cola bottlers, both domestically and internationally. In the United States, we transitioned distribution of Monster Energy® drinks to the Coca-Cola bottlers in Wisconsin early in January 2017, in parts of Minnesota, including Minneapolis and St. Paul, in March 2017 and in a part of North Dakota, including Fargo, in April 2017. We commenced distribution of Monster Energy® drinks with the Coca-Cola bottler in Nigeria as well as in certain other countries during the 2017 first quarter. In China during the first quarter of 2017, we continued with launches in Tianjin, Hebei, Shandong, Henan, Anhui, Zhejiang and Jiangsu. We also extended distribution in the Guangdong province. Further launches are planned in China and in other countries, including a relaunch in India in 2017. We expanded distribution of Monster Energy Ultra Violet™ and launched Full Throttle® Orange in the first quarter of 2017. We have a robust pipeline of new products for 2017."