Rodney Cyril Sacks holds the position of Chairman & Co-Chief Executive Officer at Monster Beverage Corp. and Chairman, Chief & Principal Executive Officer at Monster . 1. His brother was art collector Leslie Sacks. AT&T named long-time Republican operative Ed Gillespie as its Senior Executive Vice President for External and Legislative Affairs earlier this year. In Chile, Monster's retail share for the month of March 2022 decreased from 40% to 36.3%, due to a shortage of shipping containers. Sacks and Monster's co-CEO Hilton Schlosberg, are native South Africans. 4. Publix CEO Todd Jones is a member of Florida Governor Rick DeSantiss Re-Open Florida Task Force. The Action Center on Race & the Economy (ACRE) is a campaign hub for organizations working at the intersection of racial justice and Wall Street accountability. We further call on them to donate those refunds to BIPOC-led grassroots community organizations engaged in voter registration drives in BIPOC communities in the state. So we're as well placed as we have been in the past to satisfy demand. 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. Let me just deal with the first part of your question, Bonnie, and then we can obviously get Rodney's input on the rest. McMullen was named to Trumps Great American Economic Revival advisory group for retail earlier this year. Please. They need to start to repair the damage they have already done to the political process by taking back their donations to politicians that try to overturn the will of the voters, but in the future, they need to keep their dirty money out of our elections. The company assumes no obligations to update any forward-looking statements, whether as a result of new information, future events or otherwise. So Cook didnt make our rankings. In April 2022, the arbitrator issued a final award finding in favor of MEC and Orange Bang on all claims. Thank you. He and his wife have personally donated $170,000 to Trumps reelection campaign. Ronald, the founder and chairman of the company who now lives in Florida, is a major donor to Republicans nationally and at the state level in both Wisconsin and Florida. Page doesnt typically donate to candidates, but he has given money to campaigns in California supporting same-sex marriage and alternative energy. This concludes our question-and-answer session. Monster Beverage Corporation (NASDAQ:MNST) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET, Hilton Schlosberg - Vice Chairman and Co-CEO. CEO John Stankey is also a major Republican donor. The company's head of music marketing, Brent . Duke Energy (North Carolina)Charlotte-based Duke Energy is an electric power company. The CEO of this Dallas pipeline company is a huge supporter of Republican Texas Gov. As we look at the quarter, remember, the Ukraine conflict started on February 24. Updated by the minute, our Dallas Cowboys NFL Tracker: News and views and moves inside The Star and around the league . 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. Our co-packing network is an integral part of the company's production model, which we intend to preserve. ABC Supply (Wisconsin)Diane Hendricks, who is the co-founder, chair, and sole owner of this wholesale distributor of residential construction materials, is one of the wealthiest billionaires in Wisconsin. I think we said at the time that we were building up inventories and that's what we've been doing. He is the 418th richest person in United States according to the 2014 Forbes Magazine. Rob Portman of Ohio, Sen. Pat Toomey of Pennsylvania, former President George W. Bush, and back in the day, flat-taxer Steve Forbes, who ran for president in 1996 and 2000. ACRE staff tackle a topic of interest in a simple, easy to read format. And as we also said on this call is that April, we did not have a shortage of containers or product to any significant degree. According to Nielsen, in the 13-week period ending March 27, 2022, Monster's retail market shares in value as compared to the same period the previous year, grew from 25.5% to 27.1% in Denmark, from 31.9% to 32.1% in France, from 27.9% to 29.3% in Great Britain, from 27.2% to 27.6% in Norway, from 18.1% to 21.4% in Poland, from 36% to 37.8% in Spain, and from 14.9% to 15.9% in Sweden. In Brazil, net sales in the 2022, first quarter increased by 72.1% in dollars and 67.4% in local currency. In Asia Pacific, net sales in the 2022, first quarter increased 1.9% in dollars and increased 9.4% in local currencies over the same period in 2021. The cost of repositioning finished products to distribution centers are included in freight-in costs. We mentioned that April 2022 sales had a challenging hurdle to meet over April 2021 sales. Ford hosted Trump at one of its plants earlier this year, while he was campaigning for reelection. So we had a dramatic increase in fuel prices, which we really didn't forecast. In -- the company is continuing to address the controllable challenges in its supply chain in EMEA. Second, we have right-wing politicians enacting a series of tactics meant to suppress the votes of BIPOC communities. Nooyi chooses her candidates carefully, but always chooses Democrats. Thank you guys and good afternoon. Raytheon Missile Systems (Arizona)Arizona-based Raytheon is a major defense contractor and manufacturer of warfare technology and weapons. This necessitated the company air freighting substantial quantities of certain ingredients internationally, particularly to EMEA, Asia Pacific and Latin America at additional costs and inefficiencies. Crowdpac is able to rank donors in a similar way, based on the scores of candidates and groups they donate to. 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. P&Gs PAC is a major donor to Republicans nationally and in Ohio. Operating expenses for the 2022, first quarter was $377.2 million, compared with $300.8 million in the 2021, first quarter. Although the Uihleins live in the Chicago suburbs, they have been particularly influential in Wisconsin, where their company is based, and in state legislative races in swing states like Arizona. Menard is a major donor to Wisconsin Republicans and a good friend to Trump. Monster sales increased 28.9%. Rick Newmans latest book is Liberty for All: A Manifesto for Reclaiming Financial and Political Freedom. Monster sales increased 13.3% and its market share remained at 37.1%. You may recall that in our 2021, first quarter conference call to shareholders, we estimated that April 2021 sales were approximately 71.3% higher than in April 2020. President Clinton appointed Ferguson to the Federal Reserve Board of Governors in 1997, with Ferguson becoming Fed vice chair in 1999. In addition, increased commodity and raw materials costs, including aluminum, other ingredient costs and secondary packaging incurred during the quarter, amounted to approximately $45 million, and increases in freight rates and fuel impacted gross profits by approximately $6 million. Rodney Cyril Sacks (born 1949) is a South African billionaire businessman, chairman, and CEO of Monster Beverage since 1990. The company assumes no obligations to update any forward-looking statements, whether as a result of new information, future events. 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. Sales of NOS decreased 3.5% and sales of Full Throttle increased 5.5%. Declaring those values and acting on them are two different things, and Glassman hasn't had a political office to demonstrate those principles. [Operator Instructions]. The Nielsen statistics for Mexico cover single months, which is a short period that may often be materially influenced positively and/or negatively by sales in the OXXO convenience chain, which dominates the market. I would now like to open the floor to questions about the quarter. ACRE: Action Center on Race and the Economy, Presidents Council of Advisors on Science and Technology, Rick DeSantiss Re-Open Florida Task Force, Metropolitan Milwaukee Association of Commerce, most influential women in Arizona business. 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. 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. Going forward, we demand that corporations stay out of politics altogether. Peter . Ideology score: 4.9L. Country of residence : Unknown. John Sprouls, the CEO of Comcast-owned Universal Orlando Resort, is a member of Florida Governor Rick DeSantiss Re-Open Florida Task Force. Number of times each state voted for each political party in presidential elections in the United States from . Apple CEO Tim Cook, for instance, is a vocal supporter of gay rights, which suggests hes probably a political liberal. Complete Name: Rodney Cyril Sacks. Tom Kelly will now read our cautionary statement. 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. 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. [Operator Instructions] Our first question comes from Dara Mohsenian from Morgan Stanley. In EMEA, in the first quarter of 2022, we launched Monster Mule, Monster Nitro and Monster Assault in a number of countries. Quicken Loans (Michigan)Michigan-based Quicken Loans donated $750,000 to Trumps Inauguration. Kroger (Ohio)Krogers PAC and CEO Rodney McMullen have both been major donors to Ohio Republicans. The next question comes from Mark Astrachan from Stifel. Rodney lived with his two siblings. The left-to-right, 20-point scale ranges from 10L for extremely liberal to 10C for extremely conservative, with 0 representing somebody whos perfectly centrist. Hey, good afternoon. You may now disconnect. Rodney Sacks Thank you. Mother's market shares in value decreased from 11.5% to 10.4% during the same period. Samuel Allen, Deere & Co. (DE): 7.3C Allen has donated to some of the most conservative candidates and groups Crowdpac tracks, including several candidates for statewide office in Iowa, where Allen lives. Todd, who is the CEO of the company, recently joined the Forbes 400 list of the wealthiest people in the US. Sacks most recently served as Chief Assistant State Attorney and has served as an Assistant State Attorney in the Fourth Judicial Circuit since 2013. We've seen this before. Both Ronald and Todd were also major donors to Scott Walker. Or at least they have a range of political views similar to those of ordinary folks. Your U.S. sales continue to come in very strong again this quarter and show a sustained decoupling versus the scanner data, implying obviously very strong growth in the untracked channels. APRIL 29 ROSCHON TO BEARS The Cowboys want to take a running back somewhere in this Day 3 of the NFL Draft, but that guy won't be a favored Longhorn. Jerry Brown and Harris, the states attorney general. Dick is also on Amways board of directors and previously served as the companys president. Dicks wife is Betsy DeVos, Trumps Secretary of Education. Our next question comes from Andrea Teixeira from JPMorgan. In June 2020, Monster Energy Company, which I will refer to as MEC and Orange Bang, Inc., a family-owned beverage business and the rightful owner of several trademark registrations to the Bang marks, initiated an arbitration against VPX. As we fight for our collective freedom and liberation, elections are an important step in the broader process of making change. 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%). They also spent $26 million nationally in the 2018 election cycle. We estimate April 2022 sales including CANarchy to be approximately 6.7% higher than in April 2021 and 4.8% higher than in April 2021, excluding CANarchy. Political affiliation. The arbitrator also ordered VPX to pay MEC and Orange Bang an ongoing 5% royalty on all future net sales of Bang products. MEC and Orange Bang have filed a motion to confirm the arbitrator's award. He's refused to attend the Limmud. CEO Fisk Johnson is a major donor to Wisconsin Republicans and a member of Trumps Presidents Council of Advisors on Science and Technology. 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 February of 2022, we grew Canada's Reign portfolio by launching Rain White Gummy Bear. You've answered it. Among the winning candidates Allen has contributed to: Sen. Joni Ernst and Rep. Linda Miller, both from Iowa. We haven't heard anything from retailers. During the 2022, first quarter, we also launched Predator and Reign in additional countries. And then, Rodney, can you help us understand maybe where things stand now as it relates to some of these pressures. In our 2020, first quarter conference call to shareholders, we estimated that April 2020 sales were 22.2% lower than our April 2019 sales. We did include TIAA-CREF because it reports earnings like a public company, even though it doesn't have traditional shareholders. Included in reported geographic sales are our sales to the company's military customers, which are delivered in the U.S. and transshipped to the military and their customers overseas. Can you just review for us what level of growth you're seeing in those untracked channels? Since 2010, Watson has given $120,000 to the National Republican Senatorial Committee, hitting the the annual maximum donation for that type of committee each year. Net sales to customers outside the U.S. were $553.4 million, 36.4% of total net sales in the 2022, first quarter compared to $459.4 million or 36.9% of total net sales in the corresponding quarter in 2021. Please keep in mind that the comparative 2020 sales were materially adversely impacted by the COVID-19 pandemic. 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. Gross profit in this region, as a percentage of net sales, for the first quarter was 29.6% compared to 37.3% in the same quarter in 2021. John Kenneally, a Monster Energy vice president accused of sexually harassing two different women at the company, has resigned after HuffPost published details of his behavior last week. 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. 5-Hour share was lower by 0.4 of a point to 4.4%. Public asset : 89,496,414 USD. And then turning to your second question about gas prices. McMullen expressed excitement after Trumps election in 2016 and said they were looking forward to working with the new administration. We successfully launched several new products across Latin America in the first quarter of 2022. Net income decreased 6.7% to $294.2 million as compared to $315.2 million in the 2021 comparable quarter. , 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). According to Nielsen, in the 13-week period until the end of February 2022, Predator's retail market shares in value as compared to the same period the previous year grew from 14.5% to 23.3% in Kenya, and from 3.3% to 14.7% in Nigeria. The impact of the COVID-19 pandemic was less pronounced on such expenses during the 2022, first quarter. Furthermore, the company experienced significant increases in distribution expenses, including increased fuel, freight and warehousing costs, which adversely impacted operating expenses. P&G board member Nelson Peltz hosted a $10 million fundraiser for Trump in February, which the Washington Post described as the biggest Trump fundraiser since he took office in 2017. Brian Hard, who runs Penske Truck Leasing, a Pennsylvania-based joint-venture of Penske Automotive, is also a major donor to Republicans in Pennsylvania and elsewhere. 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. Equinox Group (Florida)The Equinox Group owns Equinox Hotels, various Equinox clubs, SoulCycle, PURE Yoga, Blink, and other lifestyle fitness brands. Indra Nooyi, PepsiCo (PEP): 5.5L. 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. 2. April 2022 had one less selling day compared to April 2021. AT&Ts PACs are major donors to Republicans- both nationally, and in Texas and Georgia. Larry Page, Google (GOOGL): 10L. Honeywell (North Carolina & Arizona)Honeywell is an aerospace defense contractor and engineering company that is based in North Carolina but also has a significant presence in Arizona. There will always -- all I can say is there will always be a disconnect. 1. September 1, there will be a market-wide increase. Ideology score: 6.7C.The billionaire hedge-fund manager and CEO donates below his weight, with most donations ranging from $1,000 to $2,500. We also introduced the Predator brand in India. SC Johnson (Wisconsin)SC Johnson is the Wisconsin-based cleaning supplies and consumer chemicals manufacturer that owns brands like Drano, Windex, Raid, and Glade. As a result, Publix was the target of boycotts by organizers fighting for gun control. Is this happening to you frequently? At 73 years old, Rodney Sacks height not available right now. A hearing on VPX's motion is scheduled for June 27, 2022. I would now like to turn the conference over to Rodney Sacks and Hilton Schlosberg. But all the money goes to Republicans, including 2012 presidential candidate Mitt Romney, Sen. They compete with Red Bull, Pepsico, and Rockstar. Lowes (North Carolina)North Carolina-based Lowes is a major donor to Republicans, both nationally and in the state. Net sales in Chile increased 28.4% in dollars and 45.5% in local currency in the 2022, first quarter. 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. Business Line: Manufacturer of energy drinks, sodas, and fruit juices. Thank you for attending this call. Through pricing actions during the quarter, the company was able to record positive pricing actions in excess of 3% in the United States and in EMEA. The only thing I would maybe add just from one aspect. We already took pricing up, as we mentioned, through pricing actions, and we will be taking pricing up effective September 1. Roger Ferguson, TIAA-CREF: 8.9L. In the first quarter of 2022, the company experienced significant increases in cost of sales relative to the comparative 2021, first quarter, primarily due to increased freight rates and fuel costs, including costs relating to the importation of aluminum cans, as well as aluminum can costs attributable to higher aluminum commodity pricing. The company had sufficient can capacity and co-manufacturing filling capacity across all regions to address demand for April. The DeVos family members are also part owners of the NBAs Orlando Magic. While it's obviously ironic that money men who gripe relentlessly about Washington overregulating Wall Street tend to be liberal, much of it probably has to do with the region they operate in. 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. He has been running Monster . Honeywells PAC is a major donor to both Republicans and Democrats. We are pleased with the new additions to the Monster Energy portfolio. Operating expenses as a percentage of net sales for the 2022, first quarter were 24.8% as compared to operating expenses as a percentage of net sales for the 2019, first quarter pre-COVID, which was 27.7%. Sacks fills the vacancy created by the elevation and resignation of Judge . The arbitrator found that VPX's Bang energy drinks, which VPX advertisers containing super creatine and other branded products do not contain creatine, and do not provide the benefits of creatine. His support of Democrats isnt surprising. According to the Nielsen reports for the 13 weeks through April 23, 2022, for all outlets combined, namely convenience, grocery, drug, mass merchandisers, sales in dollars in the energy drink category, including energy shots, increased by 11.5% versus the same period a year ago. Have they already started to ease? Birth Date: January 2, 1951. Thats right, the Wall Street banker who runs a firm vilified as the great vampire squid has liberal leanings. 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. 5-Hour was down 5.2% and VPX Bang sales decreased by 11.7%. NOS' sales decreased 12.8% and its market share decreased 0.4 of a point to 1.5%. His family is one of the wealthiest in Florida and his daughter and grandchildren are major Trump donors. Monster is now the leading energy brand in value in Brazil, marking another important milestone for our brand in South America. 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. But as I said on a previous call, we're running our own brand, irrespective of the competitors. In April 2022, we launched Monster Mango Loco in Japan. (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. Blankfeins biggest check, $28,500, went to the Democratic Senatorial Campaign Committee in 2007a pre-crisis year that may have represented peak bonhomie between Democrats and Wall Street. Menear was named to Trumps Great American Economic Revival advisory group for retail earlier this year. Kohler was a major donor to Scott Walker, who in turn gave Kohler wetland permits to build a golf course on state park land. American democracy has always been fraught and our elections have never truly been fair or free.
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