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While we believe that we will be able to address many of the supply chain challenges we have faced, we anticipate still having to face certain ongoing challenges in the future. 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. 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. Eddie Lampert, Sears (SHLD). 1. Operational income -- sorry, operating income for the 2022, first quarter decreased 3.5% to $399.5 million from $414.1 million in the 2021 comparative quarter, primarily due to the company's operations in EMEA and Asia Pacific. His donations to both parties have shrunk considerably since then. 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. Peter . 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%. CEO Gregory Hayes was named to Trumps Great American Economic Revival advisory group for defense earlier this year. 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. AT&T (Texas & Georgia)Dallas-based AT&T also has regional headquarters in Atlanta. In February of 2022, we grew Canada's Reign portfolio by launching Rain White Gummy Bear. Equinox is owned by New-York based Related companies, the real estate behemoth developing the Hudson Yards project on New Yorks west side. In Brazil, net sales in the 2022, first quarter increased by 72.1% in dollars and 67.4% in local currency. Consequently, such activities could have a significant impact on the monthly Nielsen statistics for Mexico. You've answered it. The company assumes no obligations to update any forward-looking statements, whether as a result of new information, future events. That's right, the Wall Street banker who runs a firm . We are pleased with the rollout of Predator and Fury, our affordable energy drink portfolio internationally. Monster is now the leading energy brand in value in Brazil, marking another important milestone for our brand in South America. Comcast (Pennsylvania, Michigan, & Florida)Philadelphia-based Comcasts PAC is a major donor to Pennsylvania Republicans, contributing more than $100,000 to the Pennsylvania House and Senate Republican Campaign Committees in the 2020 cycle alone. Sales of the company's energy drink brands increased 11.6% versus a year ago. 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. 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. 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. As a result, Publix was the target of boycotts by organizers fighting for gun control. A hearing on VPX's motion is scheduled for June 27, 2022. 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. 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. 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. MEC and Orange Bang allege that VPX reached a 2010 settlement agreement with Orange Bang that restricted VPX's use of the Bang trademark to products that are creatine based or marketed and sold only in nutritional channels as well as claims at VPX infringed Orange Bang's trademark rights to the Bang marks. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. And if you just look at aluminum prices, aluminum, the commodity went up 65% in Q1 '22 versus the previous year Q1 2021. 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. Sales of Red Bull increased 7.8%. Monster Beverage Corp (NASDAQ:NASDAQ:MNST) Q3 2020 Earnings Conference Call November 5, 2020 5:00 PM ETCompany ParticipantsRodney Sacks - Chairman & CEOThomas Kelly - EVP, Finance,. Kroger (Ohio)Krogers PAC and CEO Rodney McMullen have both been major donors to Ohio Republicans. 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. Dukes PAC is a major donor to Republicans, both at the federal level and in North Carolina. Trump held a campaign event this fall at the Duke Energy hangar near the Charlotte Airport. 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. Honeywell CEO Darius Adamczyk also joined Trump in a coronavirus press briefing at the White House this past March. Just to come back to the 6% pricing, which is certainly a step in the right direction, but not nearly enough to cover the inflationary pressures that you've seen over the past couple of years. 4. REVOLVING DOOR. Sales of the company's energy brands, including Reign, were up 8.6% in the 13-week period. But hes donated to only one candidate, according to public records: Barack Obama, whose 2008 presidential campaign got $2,300 from Cook. Furthermore, sales in Australia were also impacted by severe flooding in that country in the 2022, first quarter. Previously held government jobs: 87.10%. The arbitrator also found that VPX's Bang branded product infringe Orange Bang's trademarks. We are planning to continue additional launches of our Reign, Total Body Fuel high-performance energy drinks in additional international countries. 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. Rick Perrys 2012 presidential bid, kicking in $250,000. But anything that you're seeing within the business that gives you any concern about underlying demand. Net sales in Mexico increased 37.7% in dollars and 41.4% in local currency in the 2022, first quarter. 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. 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 . 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. 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. Good afternoon. It's really difficult for us to get that information to this investor group. "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 . Rodney Sacks Thank you. 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. 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. 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. In Mexico, we launched our second predator SKU with Predator Mean Green. Warren was also one of the biggest donors to the super PAC supporting former Texas Gov. We've seen gas prices moving up, and we've seen sales of energy drinks really staying the course. 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. And -- so I think that April, as we've always said, one month in isolation should not be construed as indicative of performance for a quarter or a longer period of time. According to Nielsen, in South Korea, in the last month ending March 2022, Monster's market shares in value in all outlets combined, as compared to the same period the previous year, grew from 54.8% to 59.4%. 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. Corporations have never been and will never be the guardians of democracy. They bought the . Political affiliation Sacks, who has donated to Democratic and Republican campaigns in the past, is increasingly becoming a popular figure in conservative media Twitter circles. We launched our third Super Fuel flavor in Tropical Thunder. The company achieved record first quarter net sales of $1.52 billion in the 2022, first quarter, 22.1% higher than net sales of $1.24 billion in the 2021 comparable period. He and his wife have personally donated $170,000 to Trumps reelection campaign. Thats right, the Wall Street banker who runs a firm vilified as the great vampire squid has liberal leanings. Here's the full methodology for generating this list: Crowdpac maps politicians across an ideological spectrum based on how they vote, the political behavior of groups theyre affiliated with and other factors. And at the end of the day, remember that we have a business that is based on a brand, that is a lifestyle brand, and consumers purchase the Monster product because it's part of what they believe to be, and it's what they want to be. As we have gradually built power and fought for changes that upended the racial and economic order, we have seen our elected officials and major corporations serve as guardians of the status quo and rig the system again and again in a deliberate attempt to stop progress. 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. In the United States, the company secured additional co-packing capacity to meet increased demand for certain of its products. Dick is also on Amways board of directors and previously served as the companys president. The company is also monitoring the opportunity for additional pricing actions internationally as well as in the United States. Have they already started to ease? And we also had a dramatic increase in aluminum prices. 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. I think we said at the time that we were building up inventories and that's what we've been doing. And so far, we have not heard any rumblings from competitors about what they're doing and what they're not doing. Home Depot (Georgia)Atlanta-based Home Depot is a major political player in Georgia. MEC and Orange Bang have filed a motion to confirm the arbitrator's award. Hey, good afternoon. 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. 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. 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. 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. Co-Chairman Doug DeVoss brother, Dick, was the Republican nominee for Michigan Governor in 2006. 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. The market shares of the company's brands in New Zealand for the 4 weeks ended April 17 2022, remained at 24.7%. Entering text into the input field will update the search result below, our most recent annual report on Form 10-K filed on February 28, 2022, including the sections contained therein, risk factors and forward-looking Statements for a discussion on specific risks and uncertainties that may affect our performance. 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. The market shares of the company's brands in Australia for the month ended April 10, 2022 decreased from 24.5% to 24%. 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. Sales of Rockstar increased by 0.4%. So we have taken pricing actions. Nooyi chooses her candidates carefully, but always chooses Democrats. But he doesnt lean as far left as he used to. 1. Please go ahead. Liz, who is the companys CEO, is also an economic adviser to Trump. We've seen this before. Ideology score: 4.9L. Monster's Energy continues to be the leading energy brand in value in Argentina. 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. SACKS, RODNEY C. LAGUNA BEACH, CA 92651: Monster Beverage Corp/Executive: $5,000: 03/19/2014: P: TIM MURPHY FOR CONGRESS - Republican: Search: Contributors . However, the general stability for the full-year average obscures a dramatic shift over the . The next question comes from Kevin Grundy from Jefferies. But I think that's something that we've managed to achieve the results. Political affiliation. 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. Traditionally, the convenience channel was growing more quickly for the energy category than the mainstream grocery and drug channels. 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; Ideology score: 4.9L. Please go ahead. In April 2022, the arbitrator issued a final award finding in favor of MEC and Orange Bang on all claims. Wells Fargos head of consumer banking, Mary Mack, was named to Business North Carolinas Power 100 in 2020. Rick Newmans latest book is Liberty for All: A Manifesto for Reclaiming Financial and Political Freedom. Among the winning candidates Allen has contributed to: Sen. Joni Ernst and Rep. Linda Miller, both from Iowa. Did not previously hold government jobs. And we said approximately 6% depending on channel. NOS' share decreased 0.2 points to 2.6%. 5-Hour was down 5.2% and VPX Bang sales decreased by 11.7%. Thanks very much. Age : 72. 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. Good afternoon, ladies and gentlemen. He has also served as an economic adviser to President Obama. Complete Name: Rodney Cyril Sacks. Honeywells PAC is a major donor to both Republicans and Democrats. 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. So thank you for that guys. Gross profit, as a percentage of net sales, for the 2022, first quarter was 51.1% compared with 57.5% in the 2021, first quarter. 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. 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. 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. Rodney Sacks - $5,500 in Political Contributions for 2014, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions . Yet the company is standing by two other men also embroiled in misconduct accusations and related lawsuits. Meijer (Michigan)Meijer PAC and CEO Hank Meijer are major donors to Michigan Republicans. According to Nielsen, for the month of March 2022 compared to March 2021, Monster's retail market shares in value decreased in Argentina from 45.2% to 45%. John Watson, Chevron (CVX): 6.7C. Voters defeated the measure. Dating & Relationship status He is currently single. Roger Ferguson, TIAA-CREF: 8.9L. Schlifske is a powerful political figure in Milwaukee and an officer of the Metropolitan Milwaukee Association of Commerce. 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. Northwestern Mutual (Wisconsin)Northwestern Mutual is a Fortune 500 financial services company based in Milwaukee. In April 2022, we launched Monster Mango Loco in Japan. Please. While he was CEO of Ford, Mark Field served on Trumps American Manufacturing Council. Sacks and Monster's co-CEO Hilton Schlosberg, are native South Africans. 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. In this regard, we caution again that sales over a short period are often disproportionately impacted by various factors such as, for example, selling days, days of the week in which holidays fall, timing of new product launches, and the timing of price increases, and promotions in retail stores, distributor incentives as well as shifts in the timing of production, in some instances where our bottlers are responsible for production, and unilaterally determine their production schedules, which affects the dates on which we invoice such bottlers, as well as inventory levels maintained by our distribution partners, which they alter unilaterally for their own business reasons. His father was also a respected businessman in Johannesburg, and his name was Wolfe Harry Sacks. So Cook didnt make our rankings. We already took pricing up, as we mentioned, through pricing actions, and we will be taking pricing up effective September 1. Two, if I could. We are proceeding with plans to launch our affordable energy brands in an additional number of international countries. Following the purchase, the facility will be closed for a period of time, before the company is able to commence production. There will always -- all I can say is there will always be a disconnect. Or at least they have a range of political views similar to those of ordinary folks. The decrease in gross profit as a percentage of net sales for the 2022, first quarter was partially offset by pricing actions. And if you think we've seen any demand impact so far from higher gas prices? We believe that a portion of the increase in distribution expenses that we experienced in the quarter are likely to be transitory. Sales of 5-Hour decreased 1.2% and VPX Bang's sales decreased 8.1%. Page doesnt typically donate to candidates, but he has given money to campaigns in California supporting same-sex marriage and alternative energy. 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. April 2022 had one less selling day compared to April 2021. The only thing I would maybe add just from one aspect. Good day, and welcome to the Monster Beverage Company's First Quarter 2020 Conference Call. Please keep in mind that the comparative 2020 sales were materially adversely impacted by the COVID-19 pandemic. JSE-listed aviation company Comair [ JSE:COM] announced on Tuesday that Rodney Sacks, a long-standing non-executive director, has resigned with immediate effect. He is not dating anyone. Stark made the case that religious conversion, commitment, and . 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%). We don't have much information about He's past relationship and any previous engaged. Conference has now concluded. Full Throttle sales decreased 14.9% and its market share decreased 0.2 of a share point to 0.05 share points. To maintain adequate supply of the company's products, we have acquired the associated real property, leases and equipment of this co-packing facility for a purchase price of $62.5 million. Follow him on Twitter: @rickjnewman. Gillespie is a past chair of the Republican National Committee and served as a counselor to George W. Bush during his second term. Amway (Michigan)Amway is a multi-level marketing company owned by Michigans DeVos and Van Andel families. 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. CEOs are people, too. 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. Business Line: Manufacturer of energy drinks, sodas, and fruit juices. 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%. In -- the company is continuing to address the controllable challenges in its supply chain in EMEA. Rodney Cyril Sacks (born 1949) is a South African billionaire businessman, chairman, and CEO of Monster Beverage since 1990.

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