In Mexico, we launched our second predator SKU with Predator Mean Green. 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 . We did include TIAA-CREF because it reports earnings like a public company, even though it doesn't have traditional shareholders. Ford hosted Trump at one of its plants earlier this year, while he was campaigning for reelection. Hank Meijer came under fire for a campaign finance violation this year while trying to mask a donation to his sons campaign. 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. In Argentina, we launched VR46 The Doctor. 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. 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. And if you think we've seen any demand impact so far from higher gas prices? Mother's market shares in value decreased from 11.5% to 10.4% during the same period. But as I said on a previous call, we're running our own brand, irrespective of the competitors. Our bottler in Chile is in the process of validating its new production line in order to increase our in-country production. 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. Thanks very much. The cost of repositioning finished products to distribution centers are included in freight-in costs. In April 2022, we launched Monster Mango Loco in Japan. 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. We've absolutely been building up inventories in the quarter, and you'll see that reflected in our balance sheet. John Sprouls, the CEO of Comcast-owned Universal Orlando Resort, is a member of Florida Governor Rick DeSantiss Re-Open Florida Task Force. 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. 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. In Brazil, net sales in the 2022, first quarter increased by 72.1% in dollars and 67.4% in local currency. Birth Place: Africa. Ashley Furniture (Wisconsin & Florida)Wisconsin-based Ashley Furniture is the largest furniture store in the US and is owned by father-and-son duo Ronald and Todd Wanek. Our AFF flavor facility in Ireland is now providing a large number of flavors to our EMEA region, enabling better service levels and lower landed costs to our EMEA region. Please go ahead. Thanks. Sales of Red Bull increased 7.8%. Great. 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. 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. Robert Iger, Walt Disney (DIS): 6.2L. 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. Sales of Monster increased by 5.7% over the same period versus the previous year. 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. 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. So we're as well placed as we have been in the past to satisfy demand. In February of 2022, we grew Canada's Reign portfolio by launching Rain White Gummy Bear. As the owner of NBC Universal, Comcast also helped give Trump a launching pad for his political career by broadcasting The Apprentice. 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. And then, Rodney, can you help us understand maybe where things stand now as it relates to some of these pressures. 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. 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. Updated by the minute, our Dallas Cowboys NFL Tracker: News and views and moves inside The Star and around the league . Publix CEO Todd Jones is a member of Florida Governor Rick DeSantiss Re-Open Florida Task Force. 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. Linked companies : Monster Beverage Corporation. Live+'s market share in value decreased from 6.4% to 6.1%, and Mother's market share in value increased from 5.6% to 5.7%. 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. And as a result, we are able to decrease our reliance on the use of imported aluminum cans in the United States. The market share of the company's energy drink brands was 41.5% down 0.7 points. Stark made the case that religious conversion, commitment, and . Sales decreased over the same period in 2021, largely due to COVID-19 restrictions in Japan. And we also had a dramatic increase in aluminum prices. Raytheon Missile Systems (Arizona)Arizona-based Raytheon is a major defense contractor and manufacturer of warfare technology and weapons. 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. Please refer to our filings with the Securities and Exchange Commission, including 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. Dating & Relationship status He is currently single. Share. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. In Canada, in January of 2022, we introduced Monster Ultra Gold. Among the winning candidates Allen has contributed to: Sen. Joni Ernst and Rep. Linda Miller, both from Iowa. NOS' share decreased 0.2 points to 2.6%. Sales in Australia and New Zealand were negatively impacted by shipping delays of certain flavors, concentrates and ingredients. Editor's note: This story has been corrected to indicate that John Deere is based in Illinois, not Iowa. And VPX Bang share decreased 1.2 points to 6.6%. We also launched Monster Ultra Gold in Puerto Rico and Monster Mango Loco in Colombia. Quite a bit, argues James Poniewozik, the New York Times' chief . Net sales in Chile increased 28.4% in dollars and 45.5% in local currency in the 2022, first quarter. CEOs are people, too. Hendricks is a major donor to Wisconsin Republicans, the Republican National Committee, and Trump. Rodney Sacks et al., case number 8:20-cv-01782, in the U.S. District Court for the Central District of California. Please go ahead. I would now like to hand the call over to Rodney Sacks. 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. CEO John Schlifske is a major donor to Wiconsin Republicans and Northwestern Mutuals PAC is a major donor to Republicans nationally. 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. So the market will continue to grow. Second, we must demand accountability from the corporations bankrolling the politicians that are willing to subvert the will of voters (click here to sign our petition). What does Caddyshack, the 39-year-old Bill Murray movie about hijinks at a country club, have to do with politics in 2019?. 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. 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. His support of Democrats isnt surprising. 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. 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. 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. According to Nielsen, for the month of March -- month of March 2022 compared to March 2021, Monster's retail market shares in value increased in Brazil from 34.9% to 40.2%. We mentioned that April 2022 sales had a challenging hurdle to meet over April 2021 sales. Gross profit in this region, as a percentage of net sales, was 40.9% versus 48.8% over the same period in 2021. Northwestern Mutual (Wisconsin)Northwestern Mutual is a Fortune 500 financial services company based in Milwaukee. Collectively, these ten states account for 179 electoral votes. On behalf of Monster, I'd like to thank everyone for their continued interest in the company. Corporations have been allowed to further corrupt the electoral process in the US by pouring millions into buying off politicians who put their interests ahead of the communities they are supposed to represent. Rodney, 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. Following the purchase, the facility will be closed for a period of time, before the company is able to commence production. Equinox Group (Florida)The Equinox Group owns Equinox Hotels, various Equinox clubs, SoulCycle, PURE Yoga, Blink, and other lifestyle fitness brands. Wells Fargos head of consumer banking, Mary Mack, was named to Business North Carolinas Power 100 in 2020. 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. 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. Rockstar was down 1.7%. SACKS, RODNEY C. LAGUNA BEACH, CA 92651: Monster Beverage Corp/Executive: $5,000: 03/19/2014: P: TIM MURPHY FOR CONGRESS - Republican: Search: Contributors . Please go ahead. There will always -- all I can say is there will always be a disconnect. 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. Greg Garland, Phillips 66 (PSX): 6.8C.This Houston oil CEO doesnt donate a lot, but hes earned his conservative stripes by contributing to Texas Reps. Pete Olson and Kevin Brady, Sen. Orrin Hatch of Utah and Mitt Romneys 2012 campaign. Sales of NOS decreased 3.5% and sales of Full Throttle increased 5.5%. The Republican legislatures of these states will decide whether or not to honor the results of a full, fair, and accurate count of all mail-in and in-person ballots. Net income decreased 6.7% to $294.2 million as compared to $315.2 million in the 2021 comparable quarter. Corporations have never been and will never be the guardians of democracy. In the 2022, first quarter, we launched Monster Ultra Gold and Mother Kiwi Sublime in Australia and New Zealand. 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. Maybe just comment on the magnitude of it, how you arrived at that, why you believe that's the appropriate number? Rick Perrys 2012 presidential bid, kicking in $250,000. According to Nielsen, in the 13-week period ending February 27, 2022, Monster's retail market shares in value as compared to the same period the previous year grew from 15.8% to 17.7% in the Czech Republic, from 37.2% to 38.3% in Greece, and from 27% to 27.6% in Italy. Both Ronald and Todd were also major donors to Scott Walker. Rodney Cyril Sacks (born 1949) is a South African billionaire businessman, chairman, and CEO of Monster Beverage since 1990. 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.
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