The market share of the company's energy drink brands was 41.5% down 0.7 points. Since 2008, Blankfein has donated to both Republicans (Sen. 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. Good afternoon, ladies and gentlemen. Sales of Starbucks Energy were 11.7% lower. 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. Roy Saltman, election expert who warned of hanging chads, dies at 90 Please consider making a donation to the Action Center on Race and the Economy. During the first quarter of 2020, we launched Monster Pipeline Punch in Singapore. The impact of the COVID-19 pandemic was less pronounced on such expenses during the 2022, 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. Diluted earnings per share for the 2022, first quarter decreased 6.8% to $0.55 from $0.59 in the first quarter of 2021. Or at least they have a range of political views similar to those of ordinary folks. On behalf of Monster, I'd like to thank everyone for their continued interest in the company. 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. 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? As we look at the quarter, remember, the Ukraine conflict started on February 24. Robert Iger, Walt Disney (DIS): 6.2L. 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. (A full explanation of the methodology follows at the end of this story.) Please go ahead. They compete with Red Bull, Pepsico, and Rockstar. Raytheons PACs are major donors both nationally and at the state level in Arizona. Rodney Sacks is chairman and CEO of energy drink maker Monster Beverage Corporation. Raytheon Missile Systems (Arizona)Arizona-based Raytheon is a major defense contractor and manufacturer of warfare technology and weapons. So you guys called out certainly many pressures this quarter impacting your business to really fill the strong underlying demand. 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. Political affiliation. John Sprouls, the CEO of Comcast-owned Universal Orlando Resort, is a member of Florida Governor Rick DeSantiss Re-Open Florida Task Force. American democracy has always been fraught and our elections have never truly been fair or free. Declaring those values and acting on them are two different things, and Glassman hasn't had a political office to demonstrate those principles. Publix CEO Todd Jones is a member of Florida Governor Rick DeSantiss Re-Open Florida Task Force. Sacks fills the vacancy created by the elevation and resignation of Judge . 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. In Japan, net sales in the 2022, first quarter decreased 5.8% in dollars, but increased 3.4% in local currency. 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%. And then turning to your second question about gas prices. Reign share decreased 0.1 of a share point to 2.4%. In EMEA, in the first quarter of 2022, we launched Monster Mule, Monster Nitro and Monster Assault in a number of countries. Net income decreased 6.7% to $294.2 million as compared to $315.2 million in the 2021 comparable quarter. 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. We've seen this before. Thank you for attending this call. CEO David Taylor was named to Trumps Great American Economic Revival advisory group for healthcare earlier this year and joined Trump in a coronavirus press briefing at the White House this past March. Rodney Sacks et al., case number 8:20-cv-01782, in the U.S. District Court for the Central District of California. Quicken Loans (Michigan)Michigan-based Quicken Loans donated $750,000 to Trumps Inauguration. NOS' sales decreased 12.8% and its market share decreased 0.4 of a point to 1.5%. Avoiding politics is political, no matter what Rabbi Sacks says PNCs PAC is a major donor to Republicans nationally and in Pennsylvania. But he doesnt lean as far left as he used to. U.S. Political Party Preferences Shifted Greatly During 2021 - Gallup.com Monster Beverage Corp (MNST) CEO Rodney Sacks on Q3 2020 - SeekingAlpha We did include TIAA-CREF because it reports earnings like a public company, even though it doesn't have traditional shareholders. 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. And if you think we've seen any demand impact so far from higher gas prices? As a result, it now owns CNN, HBO, Warner Brothers, TNT, TBS, truTV, DC Entertainment, New Line, the Cartoon Network, Adult Swim, and Turner Classic Movies. Lloyd Blankfein, Goldman Sachs ( GS ). 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. Reign sales decreased 2%, NOS was down 2.3%, and Full Throttle was up 7.1%. 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. Please note this event is being recorded. 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. We are proceeding with plans to launch our affordable energy brands in an additional number of international countries. In the contentious 2020 election season, the other side is employing two key strategies to stop BIPOC communities voices from being heard. Carin Smith. Collectively, these ten states account for 179 electoral votes. 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. 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. At 73 years old, Rodney Sacks height not available right now. So we had a dramatic increase in fuel prices, which we really didn't forecast. 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. Country of residence : Unknown. 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. We rebuilt and increased finished product inventory levels across the United States and EMEA to reduce excessive cost of long distance freight to satisfy demand and to return to our orbit strategy of producing in closer proximity to our customers. But hes donated to only one candidate, according to public records: Barack Obama, whose 2008 presidential campaign got $2,300 from Cook. Hank Meijers son, Peter Meijer, is the Republican nominee in this years election for Michigans 3rd Congressional District. CEOs are people, too. Everything you should know about the CEO of Monster Energy In Mexico, we launched our second predator SKU with Predator Mean Green. In South Korea, net sales increased 71.7% in dollars and 86.1% in local currency as compared to the same quarter in 2021. Please. According to Nielsen, for the 4 weeks ended April 23, 2022, the company's market shares of the energy drink category in the convenience and gas channel, including energy shots in dollars, increased 0.4 of a point to 37.5%. Bank of America (North Carolina)Charlotte-based Bank of America is a major power player in North Carolina politics, donating to both Republicans and Democrats alike. 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. 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. Complete Name: Rodney Cyril Sacks. You've answered it. His family is one of the wealthiest in Florida and his daughter and grandchildren are major Trump donors. In Canada, in January of 2022, we introduced Monster Ultra Gold. rodney sacks political affiliation rodney sacks political affiliation The company continued to address the challenges in its supply chain as it navigates through the uncertainty of the current global supply chain environment. Is this happening to you frequently? Menard is a major donor to Wisconsin Republicans and a good friend to Trump. Monster sales increased 28.9%. 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. 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. In the 2022, first quarter, we launched Monster Ultra Gold and Mother Kiwi Sublime in Australia and New Zealand. Sales of Red Bull were down 0.4%. Please go ahead. 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. He is the 418th richest person in United States according to the 2014 Forbes Magazine. Bank of Americas Chief Technology Officer, Catherine Bessant, is a member of Trumps Presidents Council of Advisors on Science and Technology. Gross profit in this region, as a percentage of net sales, was 40.9% versus 48.8% over the same period in 2021. 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. 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. Other stalwart conservatives Warren has given to: Texas Rep. Joe Barton, Wisconsin Rep. Paul Ryan and Texas Sen. John Cornyn. Red Bull's share decreased 1.5 points to 35.3%. How Rodney Dangerfield and "Caddyshack" gave us Donald Trump In -- the company is continuing to address the controllable challenges in its supply chain in EMEA. I will now discuss our litigation with Vital Pharmaceuticals, Inc., which I will refer to as VPX, the maker of Bang energy drinks. 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. We remain optimistic about the prospects for the Monster brand in China.
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