Form 8-K

8-K — Monster Beverage Corp

Accession: 0001104659-26-092046

Filed: 2026-08-06

Period: 2026-08-06

CIK: 0000865752

SIC: 2086 (BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — tm2622396d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2622396d1_ex99-1.htm)

EX-99.2 — EXHIBIT 99.2 (tm2622396d1_ex99-2.htm)

GRAPHIC (tm2622396d1_ex99-1img001.jpg)

GRAPHIC (tm2622396d1_ex99-2img001.jpg)

GRAPHIC (tm2622396d1_ex99-2img002.jpg)

GRAPHIC (tm2622396d1_ex99-2img003.jpg)

GRAPHIC (tm2622396d1_ex99-2img004.jpg)

GRAPHIC (tm2622396d1_ex99-2img005.jpg)

GRAPHIC (tm2622396d1_ex99-2img006.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: tm2622396d1_8k.htm · Sequence: 1

false

0000865752

2026-08-06

iso4217:USD

xbrli:shares

iso4217:USD

xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 6, 2026

Monster

Beverage Corporation

(Exact name of registrant as specified in its

charter)

Delaware

(State or other jurisdiction of incorporation)

001-18761

47-1809393

(Commission

File Number)

(IRS

Employer Identification No.)

Monster Way

Corona,

California 92879

(Address

of principal executive offices and zip code)

(951)

739

- 6200

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since

last report)

Check the appropriate box below if the Form 8-K

filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17

CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR

240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the

Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the

Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common

Stock

MNST

Nasdaq

Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging

growth company ¨

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for

complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02. Results of Operations and Financial Condition.

On August 6, 2026, Monster

Beverage Corporation (the “Company”) issued a press release relating to its financial results for the second quarter ended

June 30, 2026, a copy of which is furnished as Exhibit 99.1 hereto. The press release did not include certain financial statements, related

footnotes and certain other financial information that will be filed with the Securities and Exchange Commission as part of the Company’s

Quarterly Report on Form 10-Q.

On August 6, 2026, the Company

will conduct a conference call at 2:00 p.m. Pacific Time. The conference call will be open to all interested investors through a live

audio web broadcast via the internet at www.monsterbevcorp.com in the “Events & Presentations” section. For those

who are not able to listen to the live broadcast, the call will be archived for approximately one year on the website.

Item 7.01. Regulation FD Disclosure.

The Company’s investor

presentation containing scanner data for the second quarter ended June 30, 2026 is furnished as Exhibit 99.2 to this Current Report on

Form 8-K.

The information under Items

2.02 and 7.01 above (including Exhibits 99.1 and 99.2 hereto) is being furnished and shall not be deemed “filed” for purposes

of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it

be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific

reference in such filing.

Item 9.01. Financial Statements

and Exhibits.

(d) Exhibits

Exhibit 99.1

Press Release dated August 6, 2026.

Exhibit 99.2

Investor Presentation.

Exhibit 104

The cover page from this Current Report on Form 8-K, formatted in iXBRL (Inline eXtensible Business Reporting Language).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,

the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Monster Beverage Corporation

Date: August 6, 2026

/s/ Hilton H. Schlosberg

Hilton H. Schlosberg

Vice Chairman of the Board of Directors and

Chief Executive Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2622396d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

Investor Relations

Strategic Public Relations

PondelWilkinson Inc.

2945 Townsgate Road, Suite 200

Westlake Village, CA 91361

T         (310)

279 5980

W  www.pondel.com

CONTACTS:

NEWS

RELEASE

Mark Astrachan

SVP, Investor Relations &

Corporate Development

(951) 739-6200

Roger S. Pondel / Judy Lin

PondelWilkinson Inc.

(310) 279-5980

MONSTER BEVERAGE REPORTS 2026 SECOND QUARTER

FINANCIAL RESULTS

2026 Second Quarter Highlights

· Net Sales rise 20.2 percent to $2.54 billion

· Net Income increases 19.6 percent to $584.5 million (15.7 percent to

$590.5 million on a non-GAAP adjusted basis)1

· Net Income Per Diluted Share increases 19.0 percent to $0.59 per share

(15.2 percent to $0.60 per share on a non-GAAP adjusted basis)

1The tables at the end of this press release provide

a reconciliation of non-GAAP financial measures to the Company’s results, as reported under GAAP. (See “Reconciliation of

GAAP and Non-GAAP Information” below).

Corona, CA – August 6, 2026 –

Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three- and six-months ended June 30, 2026.

Net sales for the 2026 second quarter increased

20.2 percent to $2.54 billion, from $2.11 billion in the same period last year. Net changes in foreign currency exchange rates had a favorable

impact on net sales for the 2026 second quarter of $48.5 million. Net sales on a foreign currency adjusted basis (non-GAAP) increased

17.9 percent in the 2026 second quarter.

Net sales, excluding the Alcohol Brands segment

(non-GAAP), increased 20.8 percent in the 2026 second quarter. Net sales, excluding the Alcohol Brands segment, on a foreign currency

adjusted basis (non-GAAP), increased 18.5 percent in the 2026 second quarter.

Net sales for the Company’s Monster Energy®

Drinks segment, which primarily includes the Company’s Monster Energy® drinks, Reign Total Body Fuel® high performance energy

drinks, Bang Energy® drinks, StormTM and Reign Storm® total wellness energy drinks and FLRTTM total wellness

energy drinks, increased 21.6 percent to $2.36 billion for the 2026 second quarter, from $1.94 billion for the 2025 second quarter. Net

changes in foreign currency exchange rates had a favorable impact on net sales for the Monster Energy® Drinks segment of approximately

$45.3 million for the 2026 second quarter. Net sales on a foreign currency adjusted basis (non-GAAP) for the Monster Energy® Drinks

segment increased 19.3 percent in the 2026 second quarter.

(more)

Monster Beverage Corporation

2-2-2

Net sales for the Company’s Strategic

Brands segment, which primarily includes the various energy drink brands acquired from The Coca-Cola Company, as well as the

Company’s affordable energy brands, Predator® and Fury®, increased 10.6 percent to $143.7 million for the 2026 second

quarter, from $129.9 million in the 2025 second quarter. Net changes in foreign currency exchange rates had a favorable impact on

net sales for the Strategic Brands segment of approximately $3.3 million for the 2026 second quarter. Net sales on a foreign

currency adjusted basis (non-GAAP) for the Strategic Brands segment increased 8.1 percent in the 2026 second quarter.

Net sales for the Alcohol Brands segment, which

is comprised of various craft beers, flavored malt beverages and hard seltzers, decreased 15.2 percent to $32.2 million for the 2026 second

quarter, from $38.0 million in the 2025 second quarter.

Net sales for the Company’s Other segment,

which primarily includes certain products of American Fruits and Flavors, LLC, a wholly owned subsidiary of the Company, sold to independent

third-party customers, decreased 15.3 percent to $5.4 million for the 2026 second quarter, from $6.4 million in the 2025 second quarter.

Net sales to customers outside the United States

increased 34.6 percent to $1.16 billion in the 2026 second quarter, from $864.2 million in the 2025 second quarter, representing approximately

46 percent and 41 percent of total reported net sales for the 2026 and 2025 second quarters, respectively. Net sales to customers outside

the United States, on a foreign currency adjusted basis (non-GAAP), increased 29.0 percent to $1.11 billion in the 2026 second quarter.

Gross profit as a percentage of net sales for the

2026 second quarter was 55.9 percent, compared with 55.7 percent in the 2025 second quarter. The increase in gross profit as a percentage

of net sales for the 2026 second quarter was primarily the result of pricing actions and product sales mix, partially offset by increased

aluminum can costs, geographical sales mix and increased freight-in costs. Adjusted gross profit (non-GAAP)

as a percentage of net sales, excluding the Alcohol Brands segment, for the 2026 second quarter was 56.3 percent, compared with 56.2 percent

in the 2025 second quarter.

Distribution expenses for the 2026 second quarter

were $118.8 million, or 4.7 percent of net sales, compared with $82.0 million, or 3.9 percent of net sales, in the 2025 second quarter.

Selling expenses for the 2026 second quarter were

$269.2 million, or 10.6 percent of net sales, compared with $196.9 million, or 9.3 percent of net sales, in the 2025 second quarter. The

increase in selling expenses for the 2026 second quarter was primarily due to increased social, digital, media and other marketing expenses,

including sponsorships and endorsements, in order to reach a broader consumer audience and increase household penetration.

General and administrative expenses for the 2026

second quarter were $291.2 million, or 11.5 percent of net sales, compared with $265.9 million, or 12.6 percent of net sales, for the

2025 second quarter. Stock-based compensation was $35.7 million for the 2026 second quarter, compared with $33.2 million in the 2025 second

quarter.

Operating expenses for the 2026 second quarter

were $679.2 million, compared with $544.8 million in the 2025 second quarter. Adjusted operating expenses (non-GAAP) for the 2026 second

quarter were $662.7 million, compared with $505.6 million in the 2025 second quarter. Operating expenses as a percentage of net sales

for the 2026 second quarter were 26.8 percent, compared with 25.8 percent in the 2025 second quarter. Adjusted operating expenses (non-GAAP)

as a percentage of net sales, less the Alcohol Brands segment, were 26.5 percent and 24.4 percent for the 2026 and 2025 second quarters,

respectively.

(more)

Monster Beverage Corporation

3-3-3

Operating income for the 2026 second quarter increased

17.2 percent to $740.4 million, from $631.6 million in the 2025 second quarter. Adjusted operating income (non-GAAP) for the 2026 second

quarter increased 13.3 percent to $748.1 million, from $660.1 million in the 2025 second quarter.

The effective tax rate for the 2026 second quarter

was 23.9 percent, compared with 24.4 percent in the 2025 second quarter.

Net income for the 2026 second quarter increased

19.6 percent to $584.5 million, from $488.8 million in the 2025 second quarter. Adjusted net income (non-GAAP) for the 2026 second quarter

increased 15.7 percent to $590.5 million, from $510.4 million in the 2025 second quarter. Net income per diluted share for the 2026 second

quarter increased 19.0 percent to $0.59, from $0.50 in the 2025 second quarter. Adjusted net income per diluted share (non-GAAP) for the

2026 second quarter increased 15.2 percent to $0.60, from $0.52 in the second quarter of 2025.

Hilton H. Schlosberg, Chief Executive Officer,

said, “We delivered a strong 2026 second quarter, with net sales increasing 20.2 percent and net income per diluted share increasing

19.0 percent.

“Our international operations continued their

meaningful contribution to revenue growth, with net sales to customers outside the United States increasing 34.6 percent in the 2026 second

quarter to approximately 46 percent of total net sales.

“The energy drink category continues to attract

new consumers, expand usage occasions and increase household penetration. Our 2026 marketing strategy includes increased marketing investments

across a variety of new platforms and partnerships, including social, digital and media, to support both existing product offerings and

new product launches, as well as reach a broadening consumer base for the Company.

“We remain focused on the growth of our existing

core offerings as well as the continued introduction of product innovations, which remain central to our long-term growth strategy,”

Mr. Schlosberg added.

2026 Six-Months Results

Net sales for the six-months ended June 30,

2026 increased 23.3 percent to $4.89 billion, from $3.97 billion in the comparable period last year. Net changes in foreign currency exchange

rates had a favorable impact of $137.8 million on net sales for the six-months ended June 30, 2026. Net sales on a foreign currency

adjusted basis (non-GAAP) increased 19.8 percent in the six-months ended June 30, 2026. Net sales, excluding the Alcohol Brands segment,

on a foreign currency adjusted basis (non-GAAP), increased 20.4 percent in the six-months ended June 30, 2026.

Gross profit as a percentage of net sales for the

six-months ended June 30, 2026 was 55.5 percent, compared with 56.1 percent in the comparable period last year.

Operating expenses for the six-months ended June 30,

2026 were $1.24 billion, compared with $1.02 billion in the comparable period last year.

Operating income for the six-months ended June 30,

2026 increased to $1.47 billion, from $1.20 billion in the comparable period last year.

The effective tax rate for the six-months ended

June 30, 2026 was 24.0 percent, compared with 23.9 percent in the comparable period last year.

Net income for the six-months ended June 30,

2026 increased 23.9 percent to $1.15 billion, from $931.8 million in the comparable period last year. Net income per diluted share

for the six-months ended June 30, 2026 was $1.17, compared with $0.95 in the comparable period last year.

(more)

Monster Beverage Corporation

4-4-4

Share Repurchase Program

During the 2026 second quarter, no shares of the

Company’s common stock were repurchased. As of August 5, 2026, approximately $900.0 million remained available for repurchase

under the previously authorized repurchase programs.

Stock Split

As previously announced, the Company’s Board

of Directors approved and declared a two-for-one stock split of its common stock to be effected in the form of a 100% stock dividend.

The stock dividend will be distributed after close of trading on August 10, 2026. The Company anticipates its common stock to begin

trading at the split-adjusted price on August 11, 2026.

Investor Conference Call

The Company will host an investor conference call

today, August 6, 2026, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The conference call will be open to all interested

investors through a live audio web broadcast via the internet at www.monsterbevcorp.com in the “Events & Presentations”

section. For those who are not able to listen to the live broadcast, the call will be archived for approximately one year on the website.

Monster Beverage Corporation

Based in Corona, California, Monster Beverage

Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. The Company’s

subsidiaries develop and market energy drinks, including Monster Energy® drinks, Monster Energy Ultra® energy drinks, Juice Monster®

and Punch Monster® Energy + Juice energy drinks, Java Monster® and Monster Killer Brew® non-carbonated coffee + energy drinks,

Rehab® Monster® non-carbonated energy drinks, Monster Energy® Nitro energy drinks, Reign Total Body Fuel® high performance

energy drinks, StormTM and Reign Storm® total wellness energy drinks, NOS® energy drinks, Full Throttle® energy

drinks, Bang Energy® drinks, FLRT™ total wellness energy drinks, BPM® energy drinks, BU® energy drinks, Burn® energy

drinks, Live+® energy drinks, Mother® energy drinks, Nalu® energy drinks, Play® and Power Play® (stylized) energy

drinks, Relentless® energy drinks, Samurai® energy drinks, Ultra Energy® drinks, Predator® energy drinks and Fury®

energy drinks. The Company’s subsidiaries also develop and market craft beers, flavored malt beverages and hard seltzers under

a number of brands, including Jai Alai® IPA, Dale’s Pale Ale®, Dallas Blonde®, Wild Basin® hard seltzers, The BeastTM,

Blind Lemon® and Blinder Lemon™. For more information visit www.monsterbevcorp.com.

(more)

Monster Beverage Corporation

5-5-5

Caution Concerning Forward-Looking Statements

Certain statements made in this announcement

may constitute “forward-looking statements” within the meaning of the U.S. federal securities laws, as amended, regarding

the expectations of management with respect to our future operating results and other future events including revenues and profitability.

The Company cautions that these statements are based on management’s current knowledge and expectations and are subject to certain

risks and uncertainties, many of which are outside of the control of the Company, that could cause actual results and events to differ

materially from the statements made herein. Such risks and uncertainties include, but are not limited to, the following: the timing and

completion of the stock split; our ability to sustain and/or surpass the current level of sales of our products, to adapt to changing

consumer preferences, and to effectively respond to competitive products and pricing pressures; our ability to implement our growth strategy,

including expanding our business in existing and new sectors and achieving profitability within our Alcohol Brands segment; our ability

to adapt to the changing retail landscape with the rapid growth in e-commerce retailers and e-commerce websites; our ability to absorb,

reduce or pass on to our bottlers/distributors increases in costs and expenses, including, but not limited to, increases to the cost of

aluminum and other raw materials, the Midwest Premium, and freight costs; the impact of the current U.S. presidential administration’s

policies on our energy drinks due to concerns about sugar-sweetened beverages, particular ingredients, such as food dyes, and the “generally

recognized as safe” (GRAS) process; the impact of proposed or adopted domestic and/or foreign legislation to limit or restrict the

sale of energy drinks (including the prohibition of the sale of energy drinks to certain demographics, at certain establishments, in certain

container sizes or pursuant to certain governmental programs, such as the Supplemental Nutrition Assistance Program (SNAP)); the impact

of changes in U.S. trade policies, including the imposition of additional tariffs; the impact of adverse changes in our costs, supply

chain, inflation or consumer demand for our products; the imposition of new and/or increased excise sales and/or other taxes on our products;

our extensive commercial arrangements with The Coca-Cola Company (TCCC) and, as a result, our future performance’s substantial dependence

on the success of our relationship with TCCC; the effects of unilateral decisions by bottlers/distributors and/or retailers on our business,

including their distribution and placement of our products, their consolidation, their discontinuation, or restriction of the range of,

all or any of our products that they carry, their limitations on the sale or sizes of our products, and/or their allocation of less resources

to the sale of our products; changes in the price and/or availability of raw materials and other supply chain issues, such as the availability

of products, suitable production facilities and/or co-packing arrangements; possible recalls of our products and/or the consequences and

costs of defective production; disruption to our manufacturing facilities and operations related to climate, labor, production difficulties,

capacity limitations, regulations or other causes; disruption to and/or lack of effectiveness of our information technology systems, including

internal and external cybersecurity threats and breaches; adverse publicity surrounding obesity, alcohol consumption and other health

concerns related to our products, product safety and quality; liabilities resulting from legal or regulatory proceedings, government investigations,

and/or injunctions; the inherent operational risks, including the abuse or misuse of our products presented by the alcoholic beverage

industry and/or related claims that may not be adequately covered by insurance or may lead to litigation; the current uncertainty and

volatility in the national and global economy and changes in demand due to such economic conditions, including a slowdown in consumer

spending generally; and the impact of military and geopolitical conflicts, including supply chain disruptions, volatility in commodity

prices, increased economic uncertainty and escalating geopolitical tensions. For a more detailed discussion of these and other risks that

could affect our operating results, see the Company’s reports filed with the Securities and Exchange Commission, including our annual

report on Form 10-K for the year ended December 31, 2025 and our subsequently filed quarterly report. The Company’s actual

results could differ materially from those contained in the forward-looking statements. The Company assumes no obligation to update any

forward-looking statements, whether as a result of new information, future events or otherwise.

# # #

(tables below)

MONSTER BEVERAGE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND OTHER INFORMATION

FOR THE THREE- AND SIX-MONTHS ENDED JUNE 30, 2026 AND 2025

(In Thousands, Except Per Share Amounts) (Unaudited)

Three-Months Ended

Six-Months Ended

June 30,

2026

2025

2026

2025

Net

sales1

$ 2,537,473

$ 2,111,593

$ 4,890,764

$ 3,966,150

Cost of sales

1,117,839

935,180

2,177,781

1,741,775

Gross profit1

1,419,634

1,176,413

2,712,983

2,224,375

Gross profit as a percentage of net sales

55.9 %

55.7 %

55.5 %

56.1 %

Operating expenses

679,192

544,791

1,242,582

1,023,008

Operating expenses as a percentage of net sales

26.8 %

25.8 %

25.4 %

25.8 %

Operating income1

740,442

631,622

1,470,401

1,201,367

Operating income as a percentage of net sales

29.2 %

29.9 %

30.1 %

30.3 %

Interest and other income, net

27,827

15,065

47,997

23,337

Income before

provision for income taxes1

768,269

646,687

1,518,398

1,224,704

Provision for income taxes

183,729

157,893

364,373

292,917

Income taxes as a percentage of income before taxes

23.9 %

24.4 %

24.0 %

23.9 %

Net income

$ 584,540

$ 488,794

$ 1,154,025

$ 931,787

Net income as a percentage of net sales

23.0 %

23.1 %

23.6 %

23.5 %

Net income per common share:

Basic

$ 0.60

$ 0.50

$ 1.18

$ 0.96

Diluted

$ 0.59

$ 0.50

$ 1.17

$ 0.95

Weighted average number of shares of common stock and common stock equivalents:

Basic

978,662

975,749

978,487

974,691

Diluted

988,479

983,997

988,456

982,748

Energy drink case sales (in thousands) (in 192-ounce case equivalents)

304,944

249,336

579,404

462,436

Average net sales per case2

$ 8.20

$ 8.29

$ 8.31

$ 8.39

1Includes

$10.0 million for both the three-months ended June 30, 2026 and 2025, related to the recognition of deferred revenue. Includes $19.9

million for both the six-months ended June 30, 2026 and 2025, related to the recognition of deferred revenue.

2Excludes Alcohol Brands segment

and Other segment net sales.

MONSTER BEVERAGE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF JUNE 30, 2026 AND DECEMBER 31, 2025

(In Thousands, Except Par Value)

(Unaudited)

June 30,

2026

December 31,

2025

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$ 2,192,424

$ 2,088,117

Short-term investments

1,226,832

677,084

Accounts receivable, net

1,902,421

1,618,072

Inventories

867,674

799,623

Prepaid expenses and other current assets

148,691

103,551

Prepaid income taxes

67,034

74,637

Total current assets

6,405,076

5,361,084

INVESTMENTS

781,314

487,329

PROPERTY AND EQUIPMENT, net

1,095,810

1,081,544

DEFERRED INCOME TAXES, net

189,427

188,646

GOODWILL

1,331,643

OTHER INTANGIBLE ASSETS, net

1,381,827

1,379,268

OTHER ASSETS

197,194

159,431

Total Assets

$ 11,382,291

$ 9,988,945

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES:

Accounts payable

$ 753,751

$ 565,974

Accrued liabilities

335,527

306,085

Accrued promotional allowances

434,012

384,070

Deferred revenue

47,695

45,323

Accrued compensation

88,194

114,023

Income taxes payable

58,315

32,305

Total current liabilities

1,717,494

1,447,780

DEFERRED REVENUE

151,344

159,991

OTHER LIABILITIES

149,305

127,066

STOCKHOLDERS’ EQUITY:

Common stock - $0.005 par value;

5,000,000 shares authorized;

1,136,078 shares issued and 979,490 shares outstanding as of June 30, 2026;

1,132,906 shares issued

and 978,113 shares outstanding as of December 31, 2025

5,680

5,665

Additional paid-in capital

5,572,830

5,430,847

Retained earnings

10,508,241

9,354,216

Accumulated other comprehensive loss

(112,846 )

(60,841 )

Common stock in treasury, at cost; 156,588 shares and 154,793 shares as of June 30, 2026 and December 31, 2025, respectively

(6,609,757 )

(6,475,779 )

Total stockholders’ equity

9,364,148

8,254,108

Total Liabilities and Stockholders’ Equity

$ 11,382,291

$ 9,988,945

Reconciliation of GAAP

and Non-GAAP Information

($ in Thousands, Except Per

Share Amounts, unaudited)

The Company believes the following non-GAAP items

are useful to investors in evaluating the Company’s ongoing operating and financial results. The non-GAAP items should be considered

in addition to, and not in lieu of, U.S. GAAP financial measures. The non-GAAP financial measures do not represent a comprehensive basis

of accounting. Therefore, our non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies.

Three-Months Ended

Percentage

Six-Months Ended

Percentage

June 30,

Change

June 30,

Change

2026

2025

26 vs. 25

2026

2025

26 vs. 25

Net Sales

$ 2,537,473

$ 2,111,593

20.2 %

$ 4,890,764

$ 3,966,150

23.3 %

Currency Impact

(48,539 )

N/A

(137,816 )

N/A

Adjusted Net Sales – FX Neutral

$ 2,488,934

$ 2,111,593

17.9 %

$ 4,752,948

$ 3,966,150

19.8 %

Three-Months Ended

Percentage

Six-Months Ended

Percentage

June 30,

Change

June 30,

Change

2026

2025

26 vs. 25

2026

2025

26 vs. 25

Net Sales

$ 2,537,473

$ 2,111,593

20.2 %

$ 4,890,764

$ 3,966,150

23.3 %

Alcohol Brands Segment

(32,194 )

(37,971 )

(64,851 )

(72,674 )

Adjusted Net Sales – Less Alcohol

$ 2,505,279

$ 2,073,622

20.8 %

$ 4,825,913

$ 3,893,476

23.9 %

Three-Months Ended

Percentage

Six-Months Ended

Percentage

June 30,

Change

June 30,

Change

2026

2025

26 vs. 25

2026

2025

26 vs. 25

Net Sales

$ 2,537,473

$ 2,111,593

20.2 %

$ 4,890,764

$ 3,966,150

23.3 %

Alcohol Brands Segment

(32,194 )

(37,971 )

(64,851 )

(72,674 )

Currency Impact

(48,539 )

N/A

(137,816 )

N/A

Adjusted Net Sales – FX Neutral/Less Alcohol

$ 2,456,740

$ 2,073,622

18.5 %

$ 4,688,097

$ 3,893,476

20.4 %

Monster Energy® Drinks

Three-Months Ended

Percentage

Six-Months Ended

Percentage

Segment

June 30,

Change

June 30,

Change

2026

2025

26 vs. 25

2026

2025

26 vs. 25

Net Sales

$ 2,356,131

$ 1,937,321

21.6 %

$ 4,544,785

$ 3,652,869

24.4 %

Currency Impact

(45,263 )

N/A

(127,218 )

N/A

Adjusted Net Sales

$ 2,310,868

$ 1,937,321

19.3 %

$ 4,417,567

$ 3,652,869

20.9 %

Strategic Brands Segment

Three-Months Ended

Percentage

Six-Months Ended

Percentage

June 30,

Change

June 30,

Change

2026

2025

26 vs. 25

2026

2025

26 vs. 25

Net Sales

$ 143,721

$ 129,893

10.6 %

$ 270,441

$ 228,225

18.5 %

Currency Impact

(3,276 )

N/A

(10,598 )

N/A

Adjusted Net Sales

$ 140,445

$ 129,893

8.1 %

$ 259,843

$ 228,225

13.9 %

Foreign

Three-Months Ended

Percentage

Six-Months Ended

Percentage

June 30,

Change

June 30,

Change

2026

2025

26 vs. 25

2026

2025

26 vs. 25

Net Sales

$ 1,163,111

$ 864,224

34.6 %

$ 2,225,656

$ 1,597,426

39.3 %

Currency Impact

(48,539 )

N/A

(137,816 )

N/A

Adjusted Net Sales

$ 1,114,572

$ 864,224

29.0 %

$ 2,087,840

$ 1,597,426

30.7 %

Reconciliation of GAAP and Non-GAAP Information

($ in Thousands, Except Per Share Amounts, unaudited)

- continued

Three-Months Ended

Percentage

Six-Months Ended

Percentage

June 30,

Change

June 30,

Change

2026

2025

26 vs. 25

2026

2025

26 vs. 25

Gross Profit

$ 1,419,634

$ 1,176,413

20.7 %

$ 2,712,983

$ 2,224,375

22.0 %

Alcohol Brands Segment

(8,874 )

(10,736 )

(19,384 )

(20,004 )

Adjusted Gross Profit

$ 1,410,760

$ 1,165,677

21.0 %

$ 2,693,599

$ 2,204,371

22.2 %

Adjusted Gross Profit as a percentage of Adjusted Net Sales – Less Alcohol

56.3 %

56.2 %

55.8 %

56.6 %

Three-Months Ended

Percentage

Six-Months Ended

Percentage

June 30,

Change

June 30,

Change

2026

2025

26 vs. 25

2026

2025

26 vs. 25

Operating Expenses

$ 679,192

$ 544,791

24.7 %

$ 1,242,582

$ 1,023,008

21.5 %

Alcohol Brands Segment

(16,209 )

(25,368 )

(36,367 )

(56,126 )

Litigation Provisions/ Adjustments

(309 )

(13,818 )

5,783

(13,818 )

Adjusted Operating Expenses

$ 662,674

$ 505,605

31.1 %

$ 1,211,998

$ 953,064

27.2 %

Adjusted Operating Expenses as a percentage of Adjusted Net Sales – Less Alcohol

26.5 %

24.4 %

25.1 %

24.5 %

Three-Months Ended

Percentage

Six-Months Ended

Percentage

June 30,

Change

June 30,

Change

2026

2025

26 vs. 25

2026

2025

26 vs. 25

Operating Income

$ 740,442

$ 631,622

17.2 %

$ 1,470,401

$ 1,201,367

22.4 %

Alcohol Brands Segment

7,335

14,632

16,983

36,122

Litigation Provisions/ Adjustments

309

13,818

(5,783 )

13,818

Adjusted Operating Income

$ 748,086

$ 660,072

13.3 %

$ 1,481,601

$ 1,251,307

18.4 %

Three-Months Ended

Percentage

Six-Months Ended

Percentage

June 30,

Change

June 30,

Change

2026

2025

26 vs. 25

2026

2025

26 vs. 25

Net Income

$ 584,540

$ 488,794

19.6 %

$ 1,154,025

$ 931,787

23.9 %

Alcohol Brands Segment

5,734

11,245

13,220

27,760

Litigation Provisions/ Adjustments

233

10,389

(4,355 )

10,389

Adjusted Net Income

$ 590,507

$ 510,428

15.7 %

$ 1,162,890

$ 969,936

19.9 %

Adjustments in this table are net

of tax.

Three-Months Ended

Percentage

Six-Months Ended

Percentage

June 30,

Change

June 30,

Change

2026

2025

26 vs. 25

2026

2025

26 vs. 25

Net Income per common share - Diluted

$ 0.59

$ 0.50

19.0 %

$ 1.17

$ 0.95

23.1 %

Alcohol Brands Segment

0.01

0.03

Litigation Provisions/ Adjustments

0.01

Adjusted Net Income per common share - Diluted

$ 0.60

$ 0.52

15.2 %

$ 1.18

$ 0.99

19.2 %

Adjustments in this table are net of tax.

EX-99.2 — EXHIBIT 99.2

EX-99.2

Filename: tm2622396d1_ex99-2.htm · Sequence: 3

Exhibit 99.2

The information presented herein is derived from Monster Energy Company’s proprietary, custom NielsenIQ database (and is not derived from our, or any industry participant’s, financial statements). While such information is based on data received from NielsenIQ , the results reported in this presentation may vary from those found in publicly available syndicated sources such as NielsenIQ and IRI Circana due to differing definitions of the energy drinks category and other factors. Further, Monster Energy Company has not independently verified industry data collected or provided by Nielsen and makes no representations as to its accuracy or completeness. Data provided by NielsenIQ (and other third - party sources), as well as our analysis of such data, involve a variety of assumptions and methodologies that are subject to uncertainties, and therefore you are cautioned not to give undue weight to the information contained in this presentation.

UNITED STATES SCANNER DATA Source: NielsenIQ p eriod ending 07/25/2026 TNA Energy $ % Change YA Total U.S. All Measured Channels (13 - weeks) 7.1% TOTAL NON - ALCOHOLIC (TNA) ENERGY (Total U.S. xAOC + Conv) 6.0% MEC 10.1% MONSTER - 29.1% REIGN - 1.1% NOS - 25.8% BANG - 1.4% FULL THROTTLE 1.3% RED BULL $ Share Change YA $ Share $ % Change YA U.S. Convenience & Gas (4 - weeks) 5.0% TNA ENERGY - 0.1 35.4 4.7% MEC +1.1 29.4 9.1% MONSTER - 0.8 1.7 - 28.0% REIGN - 0.1 2.3 - 1.2% NOS - 0.4 1.2 - 19.1% BANG - 0.1 0.6 - 4.2% FULL THROTTLE - 1.5 35.1 0.9% RED BULL - 0.9 7.1 - 7.2% CELSIUS +2.0 5.1 74.2% ALANI NU - 0.4 2.1 - 12.5% ROCKSTAR 0.0 3.3 +4.7% C4 +0.5 3.6 20.3% GHOST - 0.3 2.4 - 7.2% 5 - HOUR - 2.8% COFFEE + ENERGY CATEGORY +0.3 60.7 - 2.4% MEC +0.8 39.0 - 0.9% STARBUCKS

CANADA SCANNER DATA Source: NielsenIQ Total Canada All Channels 12 Weeks ending 07/11/2026 $ Share Change YA $ Share $ % Change YA Total Canada All Measured Channels 11.2% TNA Energy +0.1 39.5 11.5% MEC +1.1 35.8 14.7% Monster - 0.2 1.4 - 3.1% Reign - 0.1 0.9 - 1.2% NOS - 0.3 0.5 - 28.2% Bang - 0.4 0.4 - 48.2% Reign Storm - 0.1 0.3 - 8.6% Full Throttle

EMEA SCANNER DATA % Share Change YA € Share € % Change YA 2.2% 19.9% 20.0% BELGIUM 2.2% 27.2% 26.1% CZECH REPUBLIC 1.2% 29.7% 13.5% DENMARK 1.5% 30.3% 22.6% FRANCE 1.5% 35.6% 14.1% GREAT BRITAIN 0.8% 37.8% 3.9% GREECE 4.1% 21.2% 30.0% GERMANY 1.1% 33.6% 15.0% ITALY 3.6% 17.0% 40.7% NETHERLANDS 2.6% 40.7% 10.1% NORWAY 2.5% 23.1% 30.5% POLAND - 0.0% 33.5% 9.3% REPUBLIC OF IRELAND - 0.3% 18.1% 13.9% SOUTH AFRICA 0.8% 41.4% 15.7% SPAIN 2.9% 18.2% 26.0% SWEDEN % Change YA 2026 € Share € % Change YA 6.4% 19.2% 141.0% EGYPT 1.6% 45.0% 15.7% KENYA 0.7% 24.4% 9.0% NIGERIA Note: Egypt, Kenya and Nigeria reflect the 13 - week period ended May 26, 2026. France and Great Britain reflect the 13 - week period ended June 13, 2026. Belgium, Czech Republic, Denmark, Netherlands, Norway, Republic of Ireland, Spain, and Sweden reflect the 13 - week period ended June 14, 2026. Poland reflects the 13 - week period ended June 2026. Germany, Greece, Italy, and South Africa reflect the 13 - week period ended June 28, 2026. The data source for EMEA is Nielsen IQ. All amounts are MEC. EMEA ALL MEASURED CHANNELS ENERGY DRINK CATEGORY GROWTH € % Value Sales Change YA Monster, Total All Measured Channels Predator/Fury, Total All Measured Channels 10.4%

ASIA PACIFIC SCANNER DATA Note: Australia reflects the 13 - week period ending June 28, 2026. New Zealand reflects the 13 - week period ending June 28, 2026. Asia Pacific country data reflects the months of April – June 2026. Japan data source is Intage ; Australia is Circana . All other is Nielsen IQ. 11 .7% $ % Change YA ASIA PACIFIC ALL MEASURED CHANNELS ENERGY DRINK CATEGORY GROWTH $ Share Change YA $ Share $ % Change YA 16.5% TOTAL ENERGY 3.3 25.4% 34.1% MONSTER - 1.6 6.8% - 5.3% MOTHER AUSTRALIA $ Share Change YA $ Share $ % Change YA 8.6% TOTAL ENERGY 3.5 18.6% 33.7% MONSTER - 1.0 4.5% - 11.8% MOTHER - 0.6 3.9% - 5.8% LIVE+ $ Share Change YA $ Share $ % Change YA 6.0% TOTAL ENERGY 1.4 58.5% 8.7% MONSTER 0.4% REIGN STORM $ Share Change YA $ Share $ % Change YA 24.7% TOTAL ENERGY - 4.1 46.4% 14.6% MONSTER NEW ZEALAND SOUTH KOREA JAPAN Total All Measured Channels

LATIN AMERICA SCANNER DATA 23.8% $ % Change YA LATIN AMERICA ALL MEASURED CHANNELS ENERGY DRINK CATEGORY GROWTH $ Share Change YA $ Share $ % Change YA 15.3% TOTAL ENERGY 1.1 32.0 19.2% MONSTER 0.4 6.7 22.2% PREDATOR MEXICO $ Share Change YA $ Share $ % Change YA 37.2% TOTAL ENERGY 5.8 58.1 52.4% MONSTER $ Share Change YA $ Share $ % Change YA 8.5% TOTAL ENERGY - 0.2 39.1 7.8% MONSTER CHILE ARGENTINA Total All Measured Channels $ Share Change YA $ Share $ % Change YA 32.1% TOTAL ENERGY 5.6 48.5 49.5% MONSTER BRAZIL Note: Latin America data reflects the three - months ending June 30 , 2026. All tracked markets are FX neutral. The data source for Latin America is NielsenIQ .

GRAPHIC

Filename: tm2622396d1_ex99-1img001.jpg · Sequence: 7

Binary file (15942 bytes)

Download tm2622396d1_ex99-1img001.jpg

GRAPHIC

Filename: tm2622396d1_ex99-2img001.jpg · Sequence: 8

Binary file (297866 bytes)

Download tm2622396d1_ex99-2img001.jpg

GRAPHIC

Filename: tm2622396d1_ex99-2img002.jpg · Sequence: 9

Binary file (241500 bytes)

Download tm2622396d1_ex99-2img002.jpg

GRAPHIC

Filename: tm2622396d1_ex99-2img003.jpg · Sequence: 10

Binary file (204843 bytes)

Download tm2622396d1_ex99-2img003.jpg

GRAPHIC

Filename: tm2622396d1_ex99-2img004.jpg · Sequence: 11

Binary file (284023 bytes)

Download tm2622396d1_ex99-2img004.jpg

GRAPHIC

Filename: tm2622396d1_ex99-2img005.jpg · Sequence: 12

Binary file (269182 bytes)

Download tm2622396d1_ex99-2img005.jpg

GRAPHIC

Filename: tm2622396d1_ex99-2img006.jpg · Sequence: 13

Binary file (259282 bytes)

Download tm2622396d1_ex99-2img006.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 15

v3.26.1

Cover

Aug. 06, 2026

Cover [Abstract]

Document Type

8-K

Amendment Flag

false

Document Period End Date

Aug. 06, 2026

Entity File Number

001-18761

Entity Registrant Name

Monster

Beverage Corporation

Entity Central Index Key

0000865752

Entity Tax Identification Number

47-1809393

Entity Incorporation, State or Country Code

Entity Address, Address Line One

Monster Way

Entity Address, City or Town

Corona

Entity Address, State or Province

Entity Address, Postal Zip Code

92879

City Area Code

951

Local Phone Number

739

- 6200

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common

Stock

Trading Symbol

MNST

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration