We are planning to introduce the Predator brand in several additional countries in APAC in the course of 2022. In -- the company is continuing to address the controllable challenges in its supply chain in EMEA. Please. They also spent $26 million nationally in the 2018 election cycle. SC Johnson (Wisconsin)SC Johnson is the Wisconsin-based cleaning supplies and consumer chemicals manufacturer that owns brands like Drano, Windex, Raid, and Glade. Lloyd Blankfein, Goldman Sachs ( GS ). 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 February of 2022, we introduced new flavor innovations with Ultra Peachy Keen, Juice Monster Aussie Style Lemonade, Rehab Watermelon and Reign Reignbow Sherbet. Monster Beverage Corporation (NASDAQ:MNST) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET, Hilton Schlosberg - Vice Chairman and Co-CEO. We reiterate that sales over a short period such as a single month should not necessarily be imputed to or regarded as indicative of results for a full quarter or any future period. Before we begin, I would like to remind listeners that certain statements made during this call may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and are based on currently available information regarding the expectations of management with respect to revenues, profitability, future business, future events, financial performance and trends, as well as the future impact of the COVID-19 pandemic on the company's business and operations. Business Line: Manufacturer of energy drinks, sodas, and fruit juices. I guess just a short question. Ideology score: 4.9L. As for donors, Crowdpac uses an algorithm to approximate their ideology, based on the scores of candidates and groups they donate to. Sacks worked as a lawyer in South Africa, and was the youngest person to be made a partner of Werksmans, the country's largest corporate law firm. The company also experienced a significant increase in ingredient and other input costs, secondary packaging materials, co-packing fees and production inefficiencies. Sacks most recently served as Chief Assistant State Attorney and has served as an Assistant State Attorney in the Fourth Judicial Circuit since 2013. 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. Good afternoon, ladies and gentlemen. While Disney gives to both Republicans and Democrats alike, its subsidiaries are major donors to Republican-leaning PACs in Florida in particular. 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. 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. The sales growth of the Monster brand exceeded that of Red Bull in the period. Dick is also on Amways board of directors and previously served as the companys president. The company assumes no obligations to update any forward-looking statements, whether as a result of new information, future events or otherwise. 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. 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. This past August, Gilbert personally donated $50,000 to the Rock Holdings Inc State PAC, which gives primarily to Republicans. Larry Page, Google (GOOGL): 10L. Sacks and Monster's co-CEO Hilton Schlosberg, are native South Africans. The work-in-progress was a fake memoir centered around a bitter comic whose quest for acceptance takes him to unexpected ideological places. 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. We also launched Monster Ultra Gold in Puerto Rico and Monster Mango Loco in Colombia. In China, net sales decreased 8.9% in dollars and 10.8% in local currency as compared to the same quarter in 2021, largely impacted by COVID-related lockdowns. 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. Raytheon Missile Systems (Arizona)Arizona-based Raytheon is a major defense contractor and manufacturer of warfare technology and weapons. Liz, who is the companys CEO, is also an economic adviser to Trump. Ideology score: 4.9L. When Trump visited North Carolina in 2018 for photo-ops with Hurricane Florence victims, Good participated in an event with him. We're probably in a good position now, better than we have been in terms of supply. And then turning to your second question about gas prices. If you look, for example, at the last two weeks, Nielsen in convenience, April 16, we're seeing Nielsen sales in convenience for the energy category growing at 4.8%. Please go ahead. 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. Rodney, on the 6% price increase starting in September in the U.S., I'm assuming that's on top of the 3% average that you had in Q1. John Watson, Chevron (CVX): 6.7C. On behalf of Monster, I'd like to thank everyone for their continued interest in the company. And then as we think about the U.S. going forward, can you discuss your thoughts on potential Monster top line weakness or category weakness, if we do see a consumer spending slowdown? "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. If you have an ad-blocker enabled you may be blocked from proceeding. 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. If you could quantify that for us, that would be helpful. We also introduced the Predator brand in India. We've seen this before. Hendricks is a major donor to Wisconsin Republicans, the Republican National Committee, and Trump. So we're as well placed as we have been in the past to satisfy demand. Have they already started to ease? Sales of Rockstar increased by 0.4%. 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. We'll continue to take pricing actions. And so far, we have not heard any rumblings from competitors about what they're doing and what they're not doing. Sales of Java Monster, including Java Monster 300 and Java Monster Nitro Cold Brew were 2.4% higher in the same period versus the previous year. Sales of Monster were up 10.6%. Apple CEO Tim Cook, for instance, is a vocal supporter of gay rights, which suggests hes probably a political liberal. "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 . And we look at a whole bunch of factors, and there's a whole lot of factors that we take into account in determining where we should be. Gilbert also owns the NBAs Cleveland Cavaliers. 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. J effrey Sachs, the world-renowned economist who leads Columbia University's sustainable-development program, has advised three U.N. secretaries-general, is the author of numerous books, and. The increase in other operating expenses was primarily due to increased expenditures for travel and entertainment, increased payroll expenses, increased professional services expenses, including accounting and legal expenses, increased commissions and increased sponsorships and endorsements. Under the arbitrator's order, if VPX fails to pay the royalty, VPX is prohibited from using the Bang mark, subject to certain limited exceptions. MEC and Orange Bang have filed a motion to confirm the arbitrator's award. As a percentage of net sales, operating expenses for the 2022, first quarter were 24.8% compared with 24.2% in the 2021, first quarter. So thank you for that guys. That has raised concerns about country-club conservatives, as CEOs are often caricatured, dominating politics. Wells Fargo (North Carolina & Arizona)Wells Fargos East Coast headquarters are in Charlotte and it is one of the largest employers in Arizona, making it an important player in both states. He is no longer "the quick-witted victor but the hero of moral courage who stands tall in the eyes of humanity and God.". 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. He enrolled at University of the Witwatersrand in Johannesburg and graduated with a degree in law and later post graduated higher diploma in tax law. While there, Trump praised the good bloodlines of Henry Ford, the anti-Semitic founder of the company and a great-grandfather of the companys Executive Chairman, Bill Ford. Thanks. And what we believe is fair and that the consumer will bear, that becomes a very big factor in assessing the price points and then, of course, assessing the extent of the price increase. Furthermore, sales in Australia were also impacted by severe flooding in that country in the 2022, first quarter. So contributing to candidates who vote against same-sex marriage and abortion rights would earn a more conservative rating, while giving to environmental causes or gay-rights backers would earn a more liberal rating. CEO Bob Iger was a member of Trumps Strategic Policy Council. Nooyi chooses her candidates carefully, but always chooses Democrats. CEO Brian Moynihan has been in multiple meetings and calls with Trump and Treasury Secretary Steve Mnuchin. But I think that's something that we've managed to achieve the results. But hes donated to only one candidate, according to public records: Barack Obama, whose 2008 presidential campaign got $2,300 from Cook. 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. Corporate money has been flooding into politics since a pair of recent Surpeme Court decisions allowed corporations and wealthy people to make unlimited campaign contributions to groups known as super PACs, which can spend as much money as they want supporting a given candidate or cause. According to Nielsen, in the 13-week period ending April 2, 2022, Monster's retail market shares in value as compared to the same period of the previous year, grew from 14.7% to 16.2% in Germany. Second, we have right-wing politicians enacting a series of tactics meant to suppress the votes of BIPOC communities. 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. 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. In EMEA, in the first quarter of 2022, we launched Monster Mule, Monster Nitro and Monster Assault in a number of countries. Share. Please consider making a donation to the Action Center on Race and the Economy. We will update Rodney Sacks's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. We've seen gas prices moving up, and we've seen sales of energy drinks really staying the course. Rick Newmans latest book is Liberty for All: A Manifesto for Reclaiming Financial and Political Freedom. And then finally, I'd be curious to hear how much stronger your sales might have been in the quarter if you could have supplied enough product to fill a strong consumer demand. In Latin America, including Mexico and the Caribbean, net sales in the 2022, first quarter increased 52.5% in dollars and increased 59.7% in local currencies over the same period in 2021. 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%. Rodney lived with his two siblings. Thank you. Foreign currency exchange rates had a negative impact on net sales in U.S. dollars by approximately $32.9 million in the 2022, first quarter. Our bottler in Chile is in the process of validating its new production line in order to increase our in-country production. 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. In our 2020, first quarter conference call to shareholders, we estimated that April 2020 sales were 22.2% lower than our April 2019 sales. They bought the . Thanks operator and good afternoon. All participants will be in listen-only mode. And since we only analyzed public companies, the leaders of private companies such as Charles Koch, the conservative activist who's CEO of privately held Koch industries, didnt make our list either. PNCs PAC is a major donor to Republicans nationally and in Pennsylvania. According to the sources, he is single and not married to anyone. As I said earlier, Monster is an affordable luxury, and we don't anticipate at this time seeing a dramatic falloff in sales in the convenience and gas channel. 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. The company is also monitoring the opportunity for additional pricing actions internationally as well as in the United States. 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. You may now disconnect. 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. Rockstar was down 1.7%. Meijer (Michigan)Meijer PAC and CEO Hank Meijer are major donors to Michigan Republicans. Raytheon-owned Pratt & Whitney is also building a large, $650 million plant in Asheville, NC. 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. His support of Democrats isnt surprising. 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. Black, Indigenous, and people of color (BIPOC) and women were functionally excluded from the democratic process for the overwhelming majority of the history of the United States, and have been pushed to the margins of the system for the remainder of it. We're also pleased that in the 2022, first quarter, Monster gained market share in the Czech Republic Denmark, France, Germany, Great Britain, Greece, Italy, Norway, Poland, Spain and Sweden. And what are you hearing from retailers in terms of competitors following or not? But as I said on a previous call, we're running our own brand, irrespective of the competitors. We will be recommencing some buying activities. Yet I just wanted to circle back, because I thought you guys had made some progress in some of the distribution inefficiencies such as maybe already purchasing more supply in the U.S. during the quarter as well as started to operate back within your orbit. Publix CEO Todd Jones is a member of Florida Governor Rick DeSantiss Re-Open Florida Task Force. 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. I would now like to hand the call over to Rodney Sacks. Thanks very much. The market shares of the company's brands in Australia for the month ended April 10, 2022 decreased from 24.5% to 24%. The company continued to experience additional global supply chain challenges, including the lack of adequate shipping containers and port congestion, which resulted in shortages of certain ingredients and finished products. Please disable your ad-blocker and refresh. Kohler was a major donor to Scott Walker, who in turn gave Kohler wetland permits to build a golf course on state park land. But Blankfein was more consistently Democratic before the financial crisis, giving to big names such as Hillary Clinton (then a New York senator), Sen. Charles Schumer of New York and former Sen. Chris Dodd of Connecticut. CEO John Schlifske is a major donor to Wiconsin Republicans and Northwestern Mutuals PAC is a major donor to Republicans nationally. The way we got to our price increase is -- price increase, remember, we're already taking pricing actions. As we fight for our collective freedom and liberation, elections are an important step in the broader process of making change. 5-Hour was down 5.2% and VPX Bang sales decreased by 11.7%. And if you just look at aluminum prices, aluminum, the commodity went up 65% in Q1 '22 versus the previous year Q1 2021. Comcast also owns the NHLs Philadelphia Flyers. That kept a few prominent CEOs off our lists. Hank Meijer came under fire for a campaign finance violation this year while trying to mask a donation to his sons campaign. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. And then with respect to the April sales update and not to overweight any one given month, and your point in the comparison is entirely fair. First, Sacks' self-portrayal as always respectful and opposed to "cancelation" is contradicted by his history of delegitimizing non-Orthodox forms of Judaism. Honeywell hosted Trump to tour the facilities at its Phoenix campus earlier this year, which has been repurposed to make N95 masks in light of the COVID-19 pandemic. CEO Lynn Good is also a major donor to North Carolina Republicans. Age : 72. The $27 million increase in distribution expenses was primarily due to increased freight out costs of $20.6 million as a result of higher outbound freight rates and fuel, increased volume and out-of-orbit freight, as well as higher warehouse expenses of $6.4 million as a result of higher raw material and finished good product inventories in the United States and EMEA. 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. Sales of the company's energy brands, including Reign, were up 8.6% in the 13-week period. It certainly doesn't sound that way, but I just wanted to ask given the step-down from what we saw from very strong results in the quarter. Menards (Wisconsin)Billionaire John Menard, who is the founder and owner of this home improvement store chain with stores throughout the Midwest, is Wisconsins richest resident. 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. In Brazil, net sales in the 2022, first quarter increased by 72.1% in dollars and 67.4% in local currency. We launched our third Super Fuel flavor in Tropical Thunder. The company continued to address the challenges in its supply chain as it navigates through the uncertainty of the current global supply chain environment. Maybe just comment on the magnitude of it, how you arrived at that, why you believe that's the appropriate number? Our next question comes from Andrea Teixeira from JPMorgan. And then, Rodney, can you help us understand maybe where things stand now as it relates to some of these pressures. 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. 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. Previously held government jobs. So you guys called out certainly many pressures this quarter impacting your business to really fill the strong underlying demand. 5-Hour share was lower by 0.4 of a point to 4.4%. He is not dating anyone. Consequently, such activities could have a significant impact on the monthly Nielsen statistics for Mexico. The most egregious of all voter suppression tactics being discussed is the idea that legislatures in swing states should select a Republican slate of electors to send to the electoral college, regardless of the popular vote. The owner of 1 of the co-packing facilities with which we contracted located in Norwalk, California, announced earlier this year that they would be selling this facility and ceasing its operations at this facility. 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. 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. 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. Thank you very much for your attendance. Gillespie is a past chair of the Republican National Committee and served as a counselor to George W. Bush during his second term. Honeywell CEO Darius Adamczyk also joined Trump in a coronavirus press briefing at the White House this past March.
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