0001104659-23-056023.txt : 20230504 0001104659-23-056023.hdr.sgml : 20230504 20230504161904 ACCESSION NUMBER: 0001104659-23-056023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20230504 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20230504 DATE AS OF CHANGE: 20230504 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Monster Beverage Corp CENTRAL INDEX KEY: 0000865752 STANDARD INDUSTRIAL CLASSIFICATION: BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086] IRS NUMBER: 471809393 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-18761 FILM NUMBER: 23889045 BUSINESS ADDRESS: STREET 1: 1 MONSTER WAY CITY: CORONA STATE: CA ZIP: 92879 BUSINESS PHONE: 909-739-6200 MAIL ADDRESS: STREET 1: 1 MONSTER WAY CITY: CORONA STATE: CA ZIP: 92879 FORMER COMPANY: FORMER CONFORMED NAME: HANSEN NATURAL CORP DATE OF NAME CHANGE: 19930328 FORMER COMPANY: FORMER CONFORMED NAME: UNIPAC CORP DATE OF NAME CHANGE: 19600201 8-K 1 tm2314653d1_8k.htm FORM 8-K

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): May 4, 2023

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.)

1 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 ¨

If 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 May 4, 2023, Monster Beverage Corporation (the “Company”) issued a press release relating to its financial results for the first quarter ended March 31, 2023, 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 May 4, 2023, 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 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit 99.1

Press Release dated May 4, 2023.

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: May 4, 2023	/s/ Hilton H. Schlosberg
	Hilton H. Schlosberg
	Vice Chairman of the Board of Directors and Co-Chief Executive Officer

EX-99.1 2 tm2314653d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

PondelWilkinson Inc.

2945 Townsgate Road, Suite 200

Westlake Village, CA 91361

Investor Relations	T	(310) 279 5980
Strategic Public Relations	W	www.pondel.com

	CONTACTS:	Rodney C. Sacks
		Chairman and Co-Chief Executive Officer
		(951) 739-6200
NEWS
RELEASE		Hilton H. Schlosberg
		Vice Chairman and Co-Chief Executive Officer
		(951) 739-6200

		Roger S. Pondel / Judy Lin
		PondelWilkinson Inc.
		(310) 279-5980

MONSTER BEVERAGE REPORTS 2023 FIRST QUARTER RESULTS

-- Record First Quarter Net Sales Rise 11.9 Percent to $1.70 Billion --

-- Net Sales, Adjusted for Adverse Changes in Foreign Currency of $52.0 Million, Rise 15.3 Percent –

-- Gross Margin Percentages Continue to Increase on a Quarterly Sequential Basis --

-- First Quarter Operating Income Increases 21.4 Percent to $485.1 Million --

Corona, CA – May 4, 2023 – Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three-months ended March 31, 2023.

The Company achieved record first quarter net sales of $1.70 billion in the 2023 first quarter, up 11.9 percent, from net sales of $1.52 billion in the 2022 comparable period. Net changes in foreign currency exchange rates had an unfavorable impact on net sales for the 2023 first quarter of $52.0 million. Net sales on a foreign currency adjusted basis increased 15.3 percent for the 2023 first quarter.

The Company implemented pricing actions in the United States and certain other international markets in 2022 and continued to implement price increases in certain international markets in the first quarter of 2023, all of which positively impacted gross profit margins.

Gross profit as a percentage of net sales increased on a sequential quarterly basis to 52.8 percent in the 2023 first quarter, from 51.8 percent in the 2022 fourth quarter and 51.3 percent in the 2022 third quarter.

Gross profit as a percentage of net sales, excluding gross profit for the Company’s Alcohol Brands segment, increased on a sequential quarterly basis to 53.6 percent in the 2023 first quarter, from 52.5 percent in the 2022 fourth quarter and 51.9 percent in the 2022 third quarter.

First Quarter Results

Net sales for the 2023 first quarter increased 11.9 percent to $1.70 billion from $1.52 billion in the comparable period last year. Net changes in foreign currency exchange rates had an unfavorable impact on net sales for the 2023 first quarter of $52.0 million. Net sales on a foreign currency adjusted basis increased 15.3 percent in the 2023 first quarter.

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Monster Beverage Corporation
2-2-2

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 and Reign Storm® Total Wellness energy drinks, increased 11.2 percent to $1.56 billion for the 2023 first quarter, from $1.40 billion for the 2022 first quarter. Net changes in foreign currency exchange rates had an unfavorable impact on net sales for the Monster Energy® Drinks segment of approximately $49.0 million for the 2023 first quarter. Net sales on a foreign currency adjusted basis for the Monster Energy® Drinks segment increased 14.6 percent in the 2023 first quarter.

Net sales for the Company’s Strategic Brands segment, which primarily includes the various energy drink brands originally acquired from The Coca-Cola Company, as well as the Company’s affordable energy brands, decreased 6.7 percent to $86.4 million for the 2023 first quarter, from $92.6 million in the 2022 first quarter. Net changes in foreign currency exchange rates had an unfavorable impact on net sales for the Strategic Brands segment of approximately $3.0 million for the 2023 first quarter. Net sales on a foreign currency adjusted basis for the Strategic Brands segment decreased 3.5 percent in the 2023 first quarter.

Net sales for the Alcohol Brands segment which is comprised of The Beast Unleashed^TM, as well as the various craft beers and hard seltzers purchased as part of the CANarchy transaction on February 17, 2022, increased 204.4 percent to $46.3 million for the 2023 first quarter, from $15.2 million in the 2022 first quarter.

Net sales for the Company’s Other segment, which includes certain products of American Fruits and Flavors, LLC, a wholly owned subsidiary of the Company, sold to independent third-party customers (the “AFF Third-Party Products”), decreased 22.2 percent to $4.6 million for the 2023 first quarter, from $5.9 million in the 2022 first quarter.

Net sales to customers outside the United States increased 12.6 percent to $622.9 million in the 2023 first quarter, from $553.4 million in the 2022 first quarter. Such sales were approximately 37 percent of total net sales in the 2023 first quarter. Net sales to customers outside the United States, on a foreign currency adjusted basis, increased 21.9 percent in the 2023 first quarter.

Gross profit as a percentage of net sales for the 2023 first quarter was 52.8 percent, compared with 51.1 percent in the 2022 first quarter. The increase in gross profit as a percentage of net sales was primarily the result of pricing actions, decreased freight-in costs and decreased aluminum can costs.

Operating expenses for the 2023 first quarter were $412.8 million, compared with $377.2 million in the 2022 first quarter.

Operating expenses as a percentage of net sales for the 2023 first quarter were 24.3 percent, compared with 24.8 percent in the 2022 first quarter.

Distribution expenses for the 2023 first quarter were $76.3 million, or 4.5 percent of net sales, compared with $81.4 million, or 5.4 percent of net sales, in the 2022 first quarter.

Selling expenses for the 2023 first quarter were $149.0 million, or 8.8 percent of net sales, compared with $130.3 million, or 8.6 percent of net sales, in the 2022 first quarter.

General and administrative expenses for the 2023 first quarter were $187.4 million, or 11.0 percent of net sales, compared with $165.4 million, or 10.9 percent of net sales, for the 2022 first quarter. Stock-based compensation was $16.1 million for the 2023 first quarter, compared with $16.3 million in the 2022 first quarter.

Operating income for the 2023 first quarter was $485.1 million, compared with $399.5 million in the 2022 first quarter.

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Monster Beverage Corporation
3-3-3

The effective tax rate for the 2023 first quarter was 20.1 percent, compared with 25.0 percent in the 2022 first quarter. The decrease in the effective tax rate was primarily attributable to the increase in the stock compensation deduction in the 2023 first quarter.

Net income for the 2023 first quarter increased 35.1 percent to $397.4 million, from $294.2 million in the 2022 first quarter. Net income per diluted share for the 2023 first quarter increased 36.6 percent to $0.38, from $0.27 in the first quarter of 2022.

Hilton H. Schlosberg, Vice Chairman and Co-Chief Executive Officer, said: “The energy drink market continues to expand on a global basis. We are pleased to report another quarter of continued revenue growth with record sales for our first fiscal quarter, although the quarter was again adversely impacted by the strength of the United States dollar.

“Gross profit margin percentages continued to increase on a sequential quarterly basis, primarily as a result of pricing actions, decreased freight-in costs and decreased aluminum can costs, as well as the moderation of certain other challenges in our supply chain. The increases in certain ingredients and other input costs, as well as co-packing fees, remain challenging.

“Internationally, certain price increases were implemented during the 2023 first quarter, with additional price increases planned in a number of other markets during the remainder of the year. In certain markets, such increases are in addition to price increases implemented in 2022. In the United States, we took an additional price increase on our 18.6 oz and 24 oz energy drinks, effective April 1, 2023.

“We are proud to record market leadership for our portfolio of brands in a number of international markets.

“We are also planning to transition the Monster brand to the Coca-Cola distribution system in the Philippines,” Schlosberg added.

Rodney C. Sacks, Chairman and Co-Chief Executive Officer, said: “We had a very active first quarter with new product innovation launches. In the United States, we launched Monster Energy® Zero Sugar nationally at retail in January, as well as Monster Energy® Ultra Strawberry Dreams, Monster® (stylized) Reserve Kiwi Strawberry, Monster Energy® Nitro Cosmic Peach and Java Monster® Caffe Latte in the quarter. In March, we launched Reign Storm®, which is positioned as a total wellness energy drink, in 12 oz sleek cans at retail in four flavors, to address a compelling opportunity in the energy drink category.

“During the first quarter, we initially launched our first flavored malt beverage alcohol product, The Beast Unleashed™ in six states. The Beast Unleashed™ contains six percent alcohol by volume and is available in four flavors. We are pleased with the early results of the launch and are continuing to expand distribution into additional markets, with the goal of being national by the end of the year. In addition, towards the end of the first quarter, we commenced our phased launch of Monster® Tour Water™, a pure unflavored water line, in still and sparkling variants, in certain targeted accounts in the United States.

“In EMEA, as part of an ongoing pan-EMEA launch, we commenced distribution of Monster Energy® Lewis Hamilton 44 Zero Sugar. We also launched Fury, one of our affordable energy brands, in Egypt in the quarter.

“Our innovation pipeline of both alcoholic and non-alcoholic beverages continues to be robust,” Sacks added.

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Monster Beverage Corporation
4-4-4

Share Repurchase Program

No shares of the Company’s common stock were repurchased during the 2023 first quarter under previously authorized repurchase programs. As of May 4, 2023, approximately $682.8 million remained available for repurchase under the previously authorized repurchase programs.

Treasury Stock Retirement

On March 10, 2023, the Company retired 170.0 million shares (stock split adjusted) of treasury stock owned by the Company. The retired stock had a carrying value of approximately $4.69 billion. The Company’s accounting policy upon the formal retirement of treasury stock is to deduct its par value from common stock and to reflect any excess of cost over par as a deduction from retained earnings.

Stock Split

On February 28, 2023, the Company announced a two-for-one stock split of its common stock, effected in the form of a 100 percent stock dividend. The common stock dividend was issued on March 27, 2023 and the Company’s common stock began trading at the split adjusted price on March 28, 2023.

Investor Conference Call

The Company will host an investor conference call today, May 4, 2023, 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® Energy + Juice energy drinks, Java Monster® non-carbonated coffee + energy drinks, Rehab® Monster® non-carbonated energy drinks, Monster Hydro® Energy Water non-carbonated refreshment + energy drinks, Monster Hydro Super Sport® Superior Hydration non-carbonated refreshment + energy drinks, Monster Dragon Iced Tea® non-carbonated energy teas, Monster Energy® Nitro energy drinks, Reign Total Body Fuel® high performance energy drinks, Reign Inferno® thermogenic fuel high performance energy drinks, Reign Storm® Total Wellness energy drinks, True North® Pure Energy Seltzer energy drinks, NOS® energy drinks, Full Throttle® energy drinks, Burn® energy drinks, Samurai® energy drinks, Relentless® energy drinks, Mother® energy drinks, Play® and Power Play® (stylized) energy drinks, BU® energy drinks, Nalu® energy drinks, BPM® energy drinks, Gladiator® energy drinks, Ultra Energy® drinks, Live+® energy drinks, Predator® energy drinks and Fury® energy drinks. The Company’s subsidiaries also develop and market still and sparkling waters under the Monster® Tour Water™ brand name. The Company’s subsidiaries also develop and market craft beers, hard seltzers and flavored malt beverages under a number of brands, including Jai Alai® IPA, Dale’s Pale Ale®, Wild Basin^TM hard seltzers, Dallas Blonde® and The Beast Unleashed™. For more information visit, www.monsterbevcorp.com.

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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 impact of rising costs and inflation on the discretionary income of our consumers, the impact of the military conflict in Ukraine, including supply chain disruptions, volatility in commodity prices, increased economic uncertainty and escalating geopolitical tensions; 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; our ability to implement our growth strategy, including expanding our business in existing and new sectors, such as the alcoholic beverage sector; the inherent operational risks presented by the alcoholic beverage industry that may not be adequately covered by insurance or lead to litigation relating to the abuse or misuse of our products; our ability to successfully integrate CANarchy and other acquired businesses or assets; exposure to significant liabilities due to litigation, legal or regulatory proceedings; intellectual property injunctions; unanticipated litigation concerning the Company’s products; the current uncertainty and volatility in the national and global economy; changes in consumer preferences; adverse publicity surrounding obesity, alcohol consumption and other health concerns related to our products, product safety and quality, water usage, environmental impact and sustainability, human rights, our culture, workforce and labor and workplace laws; changes in demand due to both domestic and international economic conditions; activities and strategies of competitors, including the introduction of new products and competitive pricing and/or marketing of similar products; changes in the price and/or availability of raw materials; other supply issues, including the availability of products and/or suitable production facilities including limitations on co-packing availability including retort production; product distribution and placement decisions by retailers; the effects of retailer and/or bottler/distributor consolidation on our business; unilateral decisions by bottlers/distributors, buying groups, convenience chains, grocery chains, mass merchandisers, specialty chain stores, e-commerce retailers, e-commerce websites, club stores and other customers to discontinue carrying all or any of our products that they are carrying at any time, restrict the range of our products they carry, impose restrictions or limitations on the sale of our products and/or the sizes of containers for our products and/or devote less resources to the sale of our products; changes in governmental regulation; the imposition of new and/or increased excise sales and/or other taxes on our products; our ability to adapt to the changing retail landscape with the rapid growth in e-commerce retailers and e-commerce websites; criticism of energy or alcohol drinks and/or the energy or alcohol drink markets generally; changes in U.S. tax laws as a result of any legislation proposed by the current U.S. presidential administration or U.S. Congress; the impact of proposals to limit or restrict the sale of energy or alcohol drinks to minors and/or persons below a specified age and/or restrict the venues and/or the size of containers in which energy or alcohol drinks can be sold; possible recalls of our products and/or the consequences and costs of defective production; or our ability to absorb, reduce or pass on to our bottlers/distributors increases in commodity costs, including freight costs. 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, 2022. 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.

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MONSTER BEVERAGE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND OTHER INFORMATION

FOR THE THREE-MONTHS ENDED MARCH 31, 2023 AND 2022

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

	Three-Months Ended
	March 31,
	2023			2022
Net sales¹	$	1,698,930		$	1,518,574

Cost of sales		801,081			741,907

Gross profit¹		897,849			776,667
Gross profit as a percentage of net sales		52.8	%		51.1	%

Operating expenses		412,785			377,178
Operating expenses as a percentage of net sales		24.3	%		24.8	%

Operating income¹		485,064			399,489
Operating income as a percentage of net sales		28.6	%		26.3	%


Interest and other income (expense), net		12,496			(7,300	)

Income before provision for income taxes¹		497,560			392,189

Provision for income taxes		100,116			97,986
Income taxes as a percentage of income before taxes		20.1	%		25.0	%

Net income	$	397,444		$	294,203
Net income as a percentage of net sales		23.4	%		19.4	%

Net income per common share³:
Basic	$	0.38		$	0.28
Diluted	$	0.38		$	0.27

Weighted average number of shares of common stock and common stock equivalents³:
Basic		1,044,909			1,058,810
Diluted		1,059,069			1,071,108

Energy drink case sales (in thousands) (in 192-ounce case equivalents)		182,444			168,793
Average net sales per case²	$	9.03		$	8.87

¹Includes $9.9 million and $10.0 million for the three-months ended March 31, 2023 and 2022, respectively, related to the recognition of deferred revenue.

²Excludes Alcohol Brands segment and Other segment net sales.

³Stock Split - On February 28, 2023, the Company announced a two-for-one stock split of its common stock to be effected in the form of a 100% stock dividend. The stock dividend was issued on March 27, 2023 (the “Stock Split”). The condensed consolidated statements of income and other information have been retroactively updated to reflect the Stock Split.

MONSTER BEVERAGE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF MARCH 31, 2023 AND DECEMBER 31, 2022

(In Thousands, Except Par Value) (Unaudited)

	March 31, 2023			December 31, 2022
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	1,672,660		$	1,307,141
Short-term investments		1,383,028			1,362,314
Accounts receivable, net		1,190,351			1,016,203
Inventories		906,723			935,631
Prepaid expenses and other current assets		110,958			109,823
Prepaid income taxes		30,889			33,785
Total current assets		5,294,609			4,764,897

INVESTMENTS		41,152			61,443
PROPERTY AND EQUIPMENT, net		545,922			516,897
DEFERRED INCOME TAXES		177,039			177,039
GOODWILL		1,417,941			1,417,941
OTHER INTANGIBLE ASSETS, net		1,222,598			1,220,410
OTHER ASSETS		145,101			134,478
Total Assets	$	8,844,362		$	8,293,105

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable	$	491,249		$	444,265
Accrued liabilities		245,932			172,991
Accrued promotional allowances		308,094			255,631
Deferred revenue		44,440			43,311
Accrued compensation		42,673			72,463
Income taxes payable		55,123			13,317
Total current liabilities		1,187,511			1,001,978

DEFERRED REVENUE		219,764			223,800

OTHER LIABILITIES		41,727			42,286

STOCKHOLDERS' EQUITY¹:
Common stock - $0.005 par value; 1,250,000 shares authorized; 1,117,392 shares issued and 1,046,616 shares outstanding as of March 31, 2023; 1,283,688 shares issued and 1,044,600 shares outstanding as of December 31, 2022		5,587			6,418
Additional paid-in capital		4,829,301			4,776,804
Retained earnings		4,706,192			9,001,173
Accumulated other comprehensive loss		(147,911	)		(159,073	)
Common stock in treasury, at cost; 70,776 shares and 239,088 shares as of March 31, 2023 and December 31, 2022, respectively		(1,997,809	)		(6,600,281	)
Total stockholders' equity		7,395,360			7,025,041
Total Liabilities and Stockholders’ Equity	$	8,844,362		$	8,293,105

¹Stock Split - The condensed consolidated balance sheets have been retroactively updated to reflect the Stock Split.

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Cover	May 04, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	May 04, 2023
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	DE
Entity Address, Address Line One	1 Monster Way
Entity Address, City or Town	Corona
Entity Address, State or Province	CA
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

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