Kohler was a major donor to Scott Walker, who in turn gave Kohler wetland permits to build a golf course on state park land. 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. 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. I would now like to turn the conference over to Rodney Sacks and Hilton Schlosberg. 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. Like what youre reading? His family is one of the wealthiest in Florida and his daughter and grandchildren are major Trump donors. 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. Have they already started to ease? We believe in the power of our brand, and we have strong brands, and we believe that this pricing action is justified. Thank you. Fast Facts. Full Throttle sales decreased 14.9% and its market share decreased 0.2 of a share point to 0.05 share points. In February of 2022, we introduced new flavor innovations with Ultra Peachy Keen, Juice Monster Aussie Style Lemonade, Rehab Watermelon and Reign Reignbow Sherbet. Liz, who is the companys CEO, is also an economic adviser to Trump. 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. 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. Java Monster's share including Java Monster 300 and Java Monster Nitro Cold Brew of the coffee plus energy category, which primarily included Java Monster, Java Monster 300, Java Monster Cold Brew, Starbucks Doubleshot and Tripleshot, Rockstar Roasted and Bang Keto Coffee, for the 4 weeks ended April 23, 2022, was 55.3%, up 4.2 points, while Starbucks Energy share was 42.9%, down 3.1 points. Our next question comes from Andrea Teixeira from JPMorgan. Raytheon-owned Pratt & Whitney is also building a large, $650 million plant in Asheville, NC. Please consider making a donation to the Action Center on Race and the Economy. You've answered it. I would now like to hand the call over to Rodney Sacks. Gross profit in this region, as a percentage of net sales, was 40.9% versus 48.8% over the same period in 2021. In Canada, in January of 2022, we introduced Monster Ultra Gold. Mike Madsden, the President & CEO of Honeywell Aerospace, sits on the board of the Greater Phoenix Economic Council, a powerful business lobbying group in Arizona. 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%). 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. The arbitrator also ordered VPX to pay MEC and Orange Bang an ongoing 5% royalty on all future net sales of Bang products. AT&T named long-time Republican operative Ed Gillespie as its Senior Executive Vice President for External and Legislative Affairs earlier this year. VPX has filed a motion to vacate the arbitration award. We are planning to continue additional launches of our Reign, Total Body Fuel high-performance energy drinks in additional international countries. The company assumes no obligations to update any forward-looking statements, whether as a result of new information, future events. Can you just review for us what level of growth you're seeing in those untracked channels? Political affiliation. 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. Thanks. Please keep in mind that the comparative 2020 sales were materially adversely impacted by the COVID-19 pandemic. Sales of Red Bull increased 7.8%. 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. Consequently, such activities could have a significant impact on the monthly Nielsen statistics for Mexico. Menard is a major donor to Wisconsin Republicans and a good friend to Trump. AT&T (Texas & Georgia)Dallas-based AT&T also has regional headquarters in Atlanta. During the 2022, first quarter, we also launched Predator and Reign in additional countries. At ACRE, we have focused on a set of swing states with Repubican-controlled legislatures, specifically Arizona, Florida, Georgia, Iowa, Michigan, North Carolina, Ohio, Pennsylvania, Texas and Wisconsin. We also launched Monster Ultra Gold in Puerto Rico and Monster Mango Loco in Colombia. That's right, the Wall Street banker who runs a firm . As we fight for our collective freedom and liberation, elections are an important step in the broader process of making change. CEO Craig Menear is also a major Republican donor. 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. How politically active a donor is, or how much he gives overall, doesnt matter; ideology ratings reflect the types of candidates and causes donors are likely to support, not the depth of that support. Party each state voted for in presidential elections by number of wins U.S. 1900-2020. 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. But hes donated to only one candidate, according to public records: Barack Obama, whose 2008 presidential campaign got $2,300 from Cook. 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. 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. 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. Business Line: Manufacturer of energy drinks, sodas, and fruit juices. Thank you very much for your attendance. Here are the five most liberal CEOs, according to the firm's rankings: 5. Derek Borer, the group's company secretary and an alternative non-executive director to Sacks, also resigned from the board with immediate effect. We mentioned that April 2022 sales had a challenging hurdle to meet over April 2021 sales. You may now disconnect. Red Bull's share decreased 1.5 points to 35.3%. 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. 5-Hour share was lower by 0.4 of a point to 4.4%. But many CEOs defy this conservative stereotype, giving to liberal candidates and causes or donating across the political spectrum for pragmatic business reasons rather than personal ideological ones. 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. Sales of Starbucks Energy were 11.7% lower. We are enthusiastic about the opportunities that CANarchy presents. Previously held government jobs. Voters defeated the measure. And we said approximately 6% depending on channel. According to IRI in New Zealand, Monster's market shares in value for the 4 weeks ended April 17, 2022, increased from 12.7% to 12.9%, as compared to the same period the previous year. 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. [Operator Instructions]. A hearing on VPX's motion is scheduled for June 27, 2022. The arbitrator also found that VPX's Bang branded product infringe Orange Bang's trademarks. He has also served as an economic adviser to President Obama. 1. His biggest contribution on record was a $1 million donation in 2006 to help support Proposition 87, a ballot measure that would have taxed oil producers in the state in order to raise funds for research into alternative energy. Rodney Cyril Sacks is an American businessman and the CEO of Monster Beverage. We successfully launched several new products across Latin America in the first quarter of 2022. During the first quarter of 2020, we launched Monster Pipeline Punch in Singapore. Menear was named to Trumps Great American Economic Revival advisory group for retail earlier this year. As in recent quarters, to meet increased demand for our products, rather than experience out of stocks for certain lines at retail, the company incurred operational inefficiencies in the United States and in various countries, resulting in increased costs. A billionaire duo led by Rodney Sacks has created Monster Beverage, an energy drink company that makes a variety of brands, from NOS to Relentless. As this litigation and other pending proceedings with VPX are sub judicate, we will not be answering any questions on those matters in today's call. Rodney's full name is Rodney Cyril Sacks, born in 1950 into a Lithuanian-Jewish family in South Africa. 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. Amway (Michigan)Amway is a multi-level marketing company owned by Michigans DeVos and Van Andel families. Notably missing: Democrat backers. When theyre conducted freely and fairly, elections are meant to give the people a voice in shaping the world we live in by offering us the opportunity to elect leaders who represent our values. 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 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. Northwestern Mutual (Wisconsin)Northwestern Mutual is a Fortune 500 financial services company based in Milwaukee. In Brazil, net sales in the 2022, first quarter increased by 72.1% in dollars and 67.4% in local currency. In Argentina, we launched VR46 The Doctor. Sacks and Monster's co-CEO Hilton Schlosberg, are native South Africans. According to the sources, he is single and not married to anyone. He is no longer "the quick-witted victor but the hero of moral courage who stands tall in the eyes of humanity and God.". We also introduced the Predator brand in India. 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. Thank you. Publix (Florida)This Florida-based grocery giant with stores all over the Southeast is a major donor to Florida Republicans. 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. Thank you for attending today's presentation. The powerful DeVos family is a major Republican donor, both nationally and in Michigan, and active in politics. He has donated lesser amounts to House Majority Leader Kevin McCarthy, Texas Sen. John Cornyn, Senate Majority Leader Mitch McConnell and, in 2012, Mitt Romneys campaign. 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. He was honored as one of Fortune Magazine's Businesspersons of the year for 2016. Tom Kelly will now read our cautionary statement. 27 out of 31 Goldman Sachs lobbyists in 2021 have previously held government jobs. Corporations have never been and will never be the guardians of democracy. Complete Name: Rodney Cyril Sacks. 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. So we're as well placed as we have been in the past to satisfy demand. Thank you for attending this call. As the owner of NBC Universal, Comcast also helped give Trump a launching pad for his political career by broadcasting The Apprentice. Sales of Rockstar increased by 0.4%. 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. CEO Gregory Hayes was named to Trumps Great American Economic Revival advisory group for defense earlier this year. We did include TIAA-CREF because it reports earnings like a public company, even though it doesn't have traditional shareholders. Our co-packing network is an integral part of the company's production model, which we intend to preserve. 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. They bought the . 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. CEO Fisk Johnson is a major donor to Wisconsin Republicans and a member of Trumps Presidents Council of Advisors on Science and Technology. 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. His brother was art collector Leslie Sacks. Quicken Loans (Michigan)Michigan-based Quicken Loans donated $750,000 to Trumps Inauguration. 4. And obviously, price points are a big driver. 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. 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. You mentioned a few things, but just trying to confirm that you've already seen improvement or is it really going to take until the second half until we see improvements on your gross margins? We launched our third Super Fuel flavor in Tropical Thunder. 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. 4. So that price increase is in addition to the pricing actions that we took in the first quarter that we started taking in the last quarter of 2021, and will continue through this year. When Trump visited North Carolina in 2018 for photo-ops with Hurricane Florence victims, Good participated in an event with him. 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. 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. Thats right, the Wall Street banker who runs a firm vilified as the great vampire squid has liberal leanings. Duke also praised Trumps decision last year to decline to set uranium production quotas. MEC and Orange Bang have filed a motion to confirm the arbitrator's award. Hank Meijer came under fire for a campaign finance violation this year while trying to mask a donation to his sons campaign. He is not dating anyone. SACKS, RODNEY C. LAGUNA BEACH, CA 92651: Monster Beverage Corp/Executive: $5,000: 03/19/2014: P: TIM MURPHY FOR CONGRESS - Republican: Search: Contributors . 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. 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. Rodney Stark, the influential and controversial sociologist who argued for rational choice in religion, died last month at age 88. On behalf of Monster, I'd like to thank everyone for their continued interest in the company. This should enable us to improve our service levels and lower transportation costs across North America, EMEA and LatAm. And in recent quarters, that had been reversed with less -- lower driving through COVID and then you've got higher gas prices. P&Gs PAC is a major donor to Republicans nationally and in Ohio. Rodney lived with his two siblings. April 2022 had one less selling day compared to April 2021. 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. Raytheons PACs are major donors both nationally and at the state level in Arizona. John Watson, Chevron (CVX): 6.7C. 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. 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. I guess just a short question. 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. 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. Rick Newmans latest book is Liberty for All: A Manifesto for Reclaiming Financial and Political Freedom. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. With the 115th pick, the Chicago Bears . CEO John Schlifske is a major donor to Wiconsin Republicans and Northwestern Mutuals PAC is a major donor to Republicans nationally. As we look at the quarter, remember, the Ukraine conflict started on February 24. So thank you for that guys. I would now like to open the floor to questions about the quarter. 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%. CEO Marvin Ellison was named to Trumps Great American Economic Revival advisory group for retail earlier this year. Sales in Australia and New Zealand were negatively impacted by shipping delays of certain flavors, concentrates and ingredients. Kroger (Ohio)Krogers PAC and CEO Rodney McMullen have both been major donors to Ohio Republicans. 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. Let me just deal with the first part of your question, Bonnie, and then we can obviously get Rodney's input on the rest. 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. Duke Energy (North Carolina)Charlotte-based Duke Energy is an electric power company. Our two new suppliers of aluminum cans in the United States are now operational. Previously held government jobs: 87.10%. His support of Democrats isnt surprising. 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. That's the kind of hero Jews need Jonathan Sacks to be today. We already took pricing up, as we mentioned, through pricing actions, and we will be taking pricing up effective September 1. Our bottler in Chile is in the process of validating its new production line in order to increase our in-country production. 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. 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. 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. 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. Net sales in Mexico increased 37.7% in dollars and 41.4% in local currency in the 2022, first quarter. All participants will be in listen-only mode. This past August, Gilbert personally donated $50,000 to the Rock Holdings Inc State PAC, which gives primarily to Republicans. Diluted earnings per share for the 2022, first quarter decreased 6.8% to $0.55 from $0.59 in the first quarter of 2021. Two, if I could. 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. Iger is a reliable and very active Democratic donor who has given $50,000 to the Democratic Senatorial Campaign Committee during the last two years and another $25,000 to the Democratic Congressional Campaign Committee. In February of 2022, we grew Canada's Reign portfolio by launching Rain White Gummy Bear. "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 . Monster Beverage Corporation (NASDAQ:MNST) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET, Hilton Schlosberg - Vice Chairman and Co-CEO. At 73 years old, Rodney Sacks height not available right now. And we also had a dramatic increase in aluminum prices. Lloyd Blankfein, Goldman Sachs ( GS ). Monster's retail market shares in value as compared to the same period the previous year declined from 20.7% to 20.3% in South Africa. 4. Wells Fargo and its PAC are major donors to Republicans at the state and federal levels across the country, including in both North Carolina and Arizona. Trumps Secretary of Defense, Mark Esper, is a former Raytheon vice president and was the corporations top lobbyist until Trump named him Secretary of the Army in 2017. April 2021, April 2020 and April 2019, all had the same number of selling days. 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. Net sales in Argentina increased 103.1% in dollars and 146.4% in local currency in the 2022, first quarter. PNC Financial (Pennsylvania)Pittsburgh-based PNC is one of the largest banks in the US, with branches all over the eastern half of the country. Jennifer Anderson, a Wells Fargo executive, was named one of the most influential women in Arizona business in 2015 and a top business leader of 2020 by AZ Big Media, and is the Treasurer of the Arizona Bankers Association and a former executive board member of the Greater Phoenix Economic Council. Please go ahead. Please go ahead. But all the money goes to Republicans, including 2012 presidential candidate Mitt Romney, Sen. Uline (Wisconsin & Arizona)Liz and Dick Uihlein, the founders of Wisconsin-based Uline, are the top Republican donors nationally in the 2020 election cycle, with more than $58 million in contributions. Traditionally, the convenience channel was growing more quickly for the energy category than the mainstream grocery and drug channels. I'm Rodney Sacks. Hilton Slosberg, our Vice Chairman and Co-Chief Executive Officer, is on the call; as is Tom Kelly, our Chief Financial Officer. Declaring those values and acting on them are two different things, and Glassman hasn't had a political office to demonstrate those principles. 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.