During the 2022, first quarter, we also launched Predator and Reign in additional countries. And obviously, price points are a big driver. I'm Rodney Sacks. Northwestern Mutual (Wisconsin)Northwestern Mutual is a Fortune 500 financial services company based in Milwaukee. Ashley Furniture (Wisconsin & Florida)Wisconsin-based Ashley Furniture is the largest furniture store in the US and is owned by father-and-son duo Ronald and Todd Wanek. Raytheons PACs are major donors both nationally and at the state level in Arizona. Rockstar share was down 0.2 points to 3.6%. rodney sacks political affiliationAppearance > Menus (619) Patriot (728-7468) magali brunelle lawyer; OPR No: 12689 | Trapper ID No: 64965. joey rourke cause of death; axa xl headquarters address stamford, ct. 8425 sepulveda blvd, north hills, ca 91343. highest paid nrl player in 2021; But he doesnt lean as far left as he used to. We have -- despite that and despite the fact that, in fact, convenience is our largest channel, which I just think is positive for the future, because we think that will ride itself eventually when gas prices sort of normalize and/or people just get used to the gas prices and becomes whatever the level is, people will get used to it eventually and continue to drive. Monster's retail market shares in value as compared to the same period the previous year declined from 15.2% to 14.9% in Belgium, from 8.1% to 7.9% in the Netherlands, and from 28% to 27.9% in the Republic of Ireland. We hope that you will stay safe and healthy. Although we expect to reduce the importation of aluminum cans into EMEA in the second half of 2022, we will only see a reduction in cost of sales after we have worked through current inventories of imported cans in EMEA. Gross profit in this region, as a percentage of net sales, was 35.4% for the 2022, first quarter versus 37.9% in the 2021, first quarter. First, we must demand that all states count and honor every vote. Monster sales increased 13.3% and its market share remained at 37.1%. Please go ahead. About Rodney Sacks. Monster Beverage Corporation (NASDAQ:MNST) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET, Hilton Schlosberg - Vice Chairman and Co-CEO. He was honored as one of Fortune Magazine's Businesspersons of the year for 2016. Please. 5. --Additional reporting by Hannah Albarazi, Hailey Konnath and Reenat Sinay . 5-Hour share was lower by 0.4 of a point to 4.4%. This should enable us to improve our service levels and lower transportation costs across North America, EMEA and LatAm. Yet the company is standing by two other men also embroiled in misconduct accusations and related lawsuits. We continue to believe in the company and our growth strategy and remain committed to continue to innovate, develop and differentiate our brands and to expand the company both at home and abroad, and in particular, to expand distribution of our products through the Coca-Cola bottling system internationally. CEO Lynn Good is also a major donor to North Carolina Republicans. Second, we have right-wing politicians enacting a series of tactics meant to suppress the votes of BIPOC communities. Watson also donates occasionally to Democrats, including $2,600 he gave in 2014 to Sen. Mary Landrieu of Louisiana, an important energy-industry ally who ended up losing her reelection bid. Quite a bit, argues James Poniewozik, the New York Times' chief . "We are confident that the recent portrayal of the company in the media is not representative of [our] culture and practices," Monster chairman and CEO Rodney Sacks and vice chair and president Hilton Schlosberg said in a statement. For this story, Crowdpac analyzed donations from CEOs of the 100 largest public U.S. companies, and Yahoo Finance considered only those CEOs who gave to two or more different causes or candidates during the last 15 years, to eliminate those who might have had a passing interest in a single issue. What this means is that Republicans, with support and backing from corporate funders, could exploit a flawed legal system to undermine the voice of the people and hand over the election to their party. We remain optimistic about the prospects for the Monster brand in China. In the contentious 2020 election season, the other side is employing two key strategies to stop BIPOC communities voices from being heard. WASHINGTON, D.C. -- On average, Americans' political party preferences in 2021 looked similar to prior years, with slightly more U.S. adults identifying as Democrats or leaning Democratic (46%) than identified as Republicans or leaned Republican (43%). CEO John Schlifske is a major donor to Wiconsin Republicans and Northwestern Mutuals PAC is a major donor to Republicans nationally. Corporations have been allowed to further corrupt the electoral process in the US by pouring millions into buying off politicians who put their interests ahead of the communities they are supposed to represent. Rodney Cyril Sacks is an American businessman and the CEO of Monster Beverage. Liz, who is the companys CEO, is also an economic adviser to Trump. Andrew Cuomo of New York, Attorney General Kamala Harris of California and Andrew Pepper, who lost a 2014 bid to become attorney general in Ohio. During the 2022, first quarter, the company continued to procure additional quantities of aluminum cans from suppliers in the United States and abroad in response to increased consumer demand. Pursuant to the terms of the agreement between MEC and Orange Bang, the award and future royalties will be shared equally between MEC and Orange Bang. Gross profit in this region, as a percentage of net sales, was 40.9% versus 48.8% over the same period in 2021. Did not previously hold government jobs: 12.90%. Procter & Gamble (Ohio)Cincinnati-based Procter & Gamble is a consumer goods corporation that specialties in personal health, personal care, and hygiene products and owns brands like Always, Bounty, Charmin, Crest, Dawn, Downy, Febreze, Gain, Gillete, Head & Shoulders, Olay, Oral-B, Pampers, Pantene, Tide, and Vicks, among many others. Ideology score: 4.9L. Our co-packing network is an integral part of the company's production model, which we intend to preserve. During the comparative 2021, first quarter, the company decreased expenditures for travel and entertainment as well as our marketing programs largely as a consequence of the COVID-19 pandemic. The only thing I would maybe add just from one aspect. Robert Iger, Walt Disney (DIS): 6.2L. CEO Marvin Ellison was named to Trumps Great American Economic Revival advisory group for retail earlier this year. Please disable your ad-blocker and refresh. Coming on the heels of the Parkland school shooting earlier that year, Publix made its largest single political donation ever to Adam Putnams failed campaign for the Republican nomination for Governor in 2018, giving $670,000 to the self-professed proud NRA sellout. That's the kind of hero Jews need Jonathan Sacks to be today. , in respect of a candidate, means the name of the political party that has endorsed him or her or the word "independent", as the case may be, included in the nomination paper in accordance with subparagraph 66 (1) (a) (v). In -- the company is continuing to address the controllable challenges in its supply chain in EMEA. Roger Ferguson, TIAA-CREF: 8.9L. I guess just a short question. While Disney gives to both Republicans and Democrats alike, its subsidiaries are major donors to Republican-leaning PACs in Florida in particular. Second, we must demand accountability from the corporations bankrolling the politicians that are willing to subvert the will of voters (click here to sign our petition). Good day, and welcome to the Monster Beverage Company's First Quarter 2020 Conference Call. But hes donated to only one candidate, according to public records: Barack Obama, whose 2008 presidential campaign got $2,300 from Cook. He has been running Monster . SC Johnson (Wisconsin)SC Johnson is the Wisconsin-based cleaning supplies and consumer chemicals manufacturer that owns brands like Drano, Windex, Raid, and Glade. In Argentina, we launched VR46 The Doctor. The arbitrated rewarded MEC and Orange Bang $175 million to remedy VPX's past misconduct and attorney's fees and costs, which amounted to nearly $9.3 million. Georgia Governor Brian Kemp and Atlanta Mayor Keisha Lance Bottoms were both honorary co-chairs of the event, and even Trump made a video appearance and thanked Marcus for his advice and friendship. 27 out of 31 Goldman Sachs lobbyists in 2021 have previously held government jobs. But he has . Rodney Sacks - $5,500 in Political Contributions for 2014, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions . We also launched Ultra Fiesta, Watermelon and Gold and Juiced Monarch, Chaotic and Pacific Punch in a number of countries during the 2022, first quarter. Gillespie is a past chair of the Republican National Committee and served as a counselor to George W. Bush during his second term. We will update Rodney Sacks's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. In Oceana, which includes Australia, New Zealand, Tahiti, French Polynesia, New Caledonia, Papua New Guinea and Guam, net sales decreased 13.8% in dollars and 7.9% in local currencies. Follow him on Twitter: @rickjnewman. Kohler (Wisconsin)Herbert Kohler, the executive chairman of this plumbing fixture manufacturing company, is one of Wisconsins wealthiest billionaires and a major donor to Wisconsin Republicans. Great. But all the money goes to Republicans, including 2012 presidential candidate Mitt Romney, Sen. Going forward, we demand that corporations stay out of politics altogether. According to IRI in Australia, Monster's market shares in value for the month ending April 10, 2022, increased from 13% to 13.6%, as compared to the same period the previous year. Rodney Cyril Sacks (born 1949) is a South African billionaire businessman, chairman, and CEO of Monster Beverage since 1990. The company estimates that approximately $46 million of costs in the quarter were the result of operating inefficiencies due in part to strong consumer demand, including the importation of aluminum cans, as well as COVID-19-related issues such as port congestion, shortage of shipping containers resulting in the need to airfreight ingredients, which the company continues to address. Both Ronald and Todd were also major donors to Scott Walker. The threat of state legislatures overriding the will of voters is especially high in states like Pennsylvania, Wisconsin, and Michigan, where rules against processing mail-in ballots before Election Day make it highly likely that the final results will not be known for days after the election and the tally will shift drastically from Trump to Biden as mail-in ballots are counted. This concludes our question-and-answer session. Page doesnt typically donate to candidates, but he has given money to campaigns in California supporting same-sex marriage and alternative energy. He is not dating anyone. Hank Meijers son, Peter Meijer, is the Republican nominee in this years election for Michigans 3rd Congressional District. Business Line: Manufacturer of energy drinks, sodas, and fruit juices. Sales of Predator increased 67% and its market share increased 0.9 of a share point to 3.7%. The company also experienced a significant increase in ingredient and other input costs, secondary packaging materials, co-packing fees and production inefficiencies. But as I said on a previous call, we're running our own brand, irrespective of the competitors. Birth Place: Africa. We also launched Monster Ultra Gold in Puerto Rico and Monster Mango Loco in Colombia. Biography of Rodney Cyril Sacks. At the end of the 2022, first quarter, we launched 2 new ready-to-drink nitro-infused coffee products, Java Monster Cold Brew Latte and Java Monster Cold Brew Sweet Black. AT&T (Texas & Georgia)Dallas-based AT&T also has regional headquarters in Atlanta. He is no longer "the quick-witted victor but the hero of moral courage who stands tall in the eyes of humanity and God.". Our bottler in Chile is in the process of validating its new production line in order to increase our in-country production. In February of 2022, we grew Canada's Reign portfolio by launching Rain White Gummy Bear. According to Nielsen, for the 4 weeks ended April 23, 2022 sales, in dollars, of the coffee plus energy drink category, which includes our Java Monster line in the convenience and gas channel decreased 5.3% over the same period the previous year. Please go ahead. I would like to point out that the Nielsen numbers in EMEA should only be used as a guide, because the channels read by Nielsen in EMEA vary from country to country, and are reported on varying dates within the month referred to from country to country. Since 2008, Blankfein has donated to both Republicans (Sen. Stephen Ross is the Chairman of Related Companies, the owner of the Miami Dolphins, and the former chairman of the Real Estate Board of New York. There will always -- all I can say is there will always be a disconnect. In Brazil, net sales in the 2022, first quarter increased by 72.1% in dollars and 67.4% in local currency. Sales of Starbucks Energy were 11.7% lower. Thank you very much for your attendance. 4. Publix was founded by billionaire George Jenkins. I would now like to hand the call over to Rodney Sacks. P&Gs PAC is a major donor to Republicans nationally and in Ohio. We successfully launched several new products across Latin America in the first quarter of 2022. To get a picture of how conservative or liberal CEOs really are, Yahoo Finance partnered with Crowdpac, a nonpartisan web site that maps politicians across an ideological spectrum based on how they vote, the political behavior of groups theyre affiliated with and other factors. He has put his money behind President Obama, California senators Dianne Feinstein and Barbara Boxer and many other Dems. So there were unexpected issues that surfaced in the quarter. Highlights, big interviews, and more from the Milken Institute Global Conference, Uber Q1 earnings preview: Mobility and Delivery expected to drive growth, UPDATE 1-IMF's Georgieva says more vulnerabilities in banking sector may be exposed, Bill would allow 14-year-olds to serve alcohol in Wisconsin, Stocks rise as JPMorgan Chase takes over First Republic: Stock market news today, Bitcoin Sags After its Longest Streak of Monthly Gains Since 2021. They bought the . Meijer (Michigan)Meijer PAC and CEO Hank Meijer are major donors to Michigan Republicans. In April 2022, the arbitrator issued a final award finding in favor of MEC and Orange Bang on all claims. In EMEA, net sales in the 2022, first quarter increased 21.8% in dollars and increased 30% in local currencies over the same period in 2021. Good afternoon. First, major corporations are buying off our elected officials in the most expensive election cycle in the history of the country. Because Bang branded products are thus not creatine based, and are not limited to nutritional channels, the arbitrator found they are being sold in breach of the settlement agreement. Live+'s market share in value decreased from 6.4% to 6.1%, and Mother's market share in value increased from 5.6% to 5.7%. Comcast also owns the NHLs Philadelphia Flyers. In February 2022, we launched our newest brand nationally, True North Pure Energy Seltzer in 4, 12-ounce flavors through the Coca-Cola distribution network. MEC's lawsuit against VPX for false advertising, unfair competition, and misappropriation of trade secrets in the Central District of California is still pending, with trials scheduled to begin in August 2022. And it's certainly justified in terms of all the costs, that we are seeing the cost increases and no doubt, our competitors are seeing the same cost increases. September 1, there will be a market-wide increase. And so far, we have not heard any rumblings from competitors about what they're doing and what they're not doing. McMullen expressed excitement after Trumps election in 2016 and said they were looking forward to working with the new administration. So Dara, turning to your first question, there's always a disconnect between our sales, which are sales in the main to distributors and as well, we sell, obviously, to some direct accounts, including the untracked channels. Thank you. And if you think we've seen any demand impact so far from higher gas prices? Ohio-based Kroger owns supermarkets across the country including grocery chains like Dillons, Food 4 Less, Fred Meyer, Frys Food Stores, Gerbes, Harris Teeter, King Scoopers, Marianos, QFC, Ralphs, Roundys, Ruler Foods, and Smiths. 2. We're probably in a good position now, better than we have been in terms of supply. Larry Page, Google (GOOGL): 10L. Or at least they have a range of political views similar to those of ordinary folks. Management cautions that these statements are based on our current knowledge and expectations, and are subject to certain risks and uncertainties, many of which are outside the control of the company that may cause actual results to differ materially from the forward-looking statements made during this call. The company's head of music marketing, Brent . According to INTAGE in Japan, in the last month ending March 2022, Monster's market shares in value in the convenience store channel as compared to the same period the previous year, grew from 50.1% to 52.5%. Sacks fills the vacancy created by the elevation and resignation of Judge . Thank you for attending today's presentation. Early life. The Republican legislatures of these states will decide whether or not to honor the results of a full, fair, and accurate count of all mail-in and in-person ballots. Net sales in Argentina increased 103.1% in dollars and 146.4% in local currency in the 2022, first quarter. Please keep in mind that the comparative 2020 sales were materially adversely impacted by the COVID-19 pandemic. According to Nielsen, in all measured channels in Canada, for the 12 weeks ended March 26, 2022, the energy drink category increased 13.5% in dollars. Honeywells PAC is a major donor to both Republicans and Democrats. Rodney Sacks, chairman and chief executive officer of Hansen Natural Corp., Corona, Calif., in conjunction with his executive team comprised of Hilton Schlosberg, vice chairman and president of Hansen Natural, and Mark Hall, president of Monster Beverage Co., lead the company once known solely for its namesake natural beverages to international growth as the producer of one of the top-selling . The CEO of this Dallas pipeline company is a huge supporter of Republican Texas Gov. He's refused to attend the Limmud. When Bernie Marcus, the co-founder of Home Depot turned 90, Georgia business and civic leaders celebrated his birthday by raising $117 million in his honor. 3. If you could quantify that for us, that would be helpful. According to Nielsen, in the 13-week period ending February 27, 2022, Monster's retail market shares in value as compared to the same period the previous year grew from 15.8% to 17.7% in the Czech Republic, from 37.2% to 38.3% in Greece, and from 27% to 27.6% in Italy. We've seen gas prices moving up, and we've seen sales of energy drinks really staying the course. Raytheon Missile Systems (Arizona)Arizona-based Raytheon is a major defense contractor and manufacturer of warfare technology and weapons. Honeywell CEO Darius Adamczyk also joined Trump in a coronavirus press briefing at the White House this past March. And Full Throttle share remained at 0.7 of a percent. AT&Ts PACs are major donors to Republicans- both nationally, and in Texas and Georgia. As a result, it now owns CNN, HBO, Warner Brothers, TNT, TBS, truTV, DC Entertainment, New Line, the Cartoon Network, Adult Swim, and Turner Classic Movies. It's not something that's necessarily that price-sensitive and that made us kind of feel confident about our decision to take up pricing later this year. Disney (Florida)The California-based Walt Disney Company is a large media conglomerate that owns the major Disney brands, ABC, FX, ESPN, National Geographic, Pixar, Hulu, and other subsidiaries. "Widely considered to be the leading international economic adviser of his generation" (in the words of his official bio on the Columbia University website), the notorious Dr. Sachs was contracted by hard-line capitalist regimes from Bolivia to Russia . Is this happening to you frequently? And Nielsen is not a true indication even for sales through the distributor system, because the lags in the distribution system as well. Both the city and state of New York are largely represented by Democrats, which means Wall Streeters must donate to the left if they want to support home-state politicians. I would like to turn the conference back over to Rodney Sacks for any closing remarks. Thanks operator and good afternoon. We are calling on these wealthy elites and executives to publicly pledge to demand back all the money they have given to any elected official that refuses to honor the results of a full, fair, and accurate count of all mail-in and in-person ballots in their state or takes any action to prevent all the ballots from being counted. In January of 2022, we introduced our first 16-ounce Ultra variety 12 packs, which are being well received by consumers, and we are continuing to expand our multi-pack portfolio in the 2022, first quarter. When Trump visited North Carolina in 2018 for photo-ops with Hurricane Florence victims, Good participated in an event with him. Net income decreased 6.7% to $294.2 million as compared to $315.2 million in the 2021 comparable quarter. It is also a major donor to Florida Republicans and Michigan Republicans, including PACs connected to both Michigan House Speaker Lee Chatfield and Michigan Senate Majority Leader Mike Shirkey. (Deere is based right across the Mississippi River in Moline, Ill.) He has also given to the Iowa Republican party and to Romneys campaign in 2012.