Monster's market share in value increased 0.8 of a share point to 28.3% against the comparable period the previous year. 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. 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. We remain optimistic about the prospects for the Monster brand in China. Warren was also one of the biggest donors to the super PAC supporting former Texas Gov. You've answered it. 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%. 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. 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. Roger Ferguson, TIAA-CREF: 8.9L. We successfully launched several new products across Latin America in the first quarter of 2022. We did include TIAA-CREF because it reports earnings like a public company, even though it doesn't have traditional shareholders. Biography of Rodney Cyril Sacks. That has raised concerns about country-club conservatives, as CEOs are often caricatured, dominating politics. Thank you guys and good afternoon. The state legislatures must select their electors based on 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. 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. We already took pricing up, as we mentioned, through pricing actions, and we will be taking pricing up effective September 1. I would now like to turn the conference over to Rodney Sacks and Hilton Schlosberg. Thanks operator and good afternoon. Distribution expenses for the 2022, first quarter increased to $81.4 million, which is an increase of 49.7% or 5.4% of net sales compared to $54.4 million or 4.4% of net sales in the 2021, first quarter. Sales in the OXXO convenience chain in turn can be materially influenced by promotions that may be undertaken in that chain by 1 or more energy drink brands during a particular month. "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 . Yes, thanks and good afternoon guys. Monster is now the leading energy brand in value in Brazil, marking another important milestone for our brand in South America. 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. Please go ahead. Ideology score: 4.9L. 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. Among the winning candidates Allen has contributed to: Sen. Joni Ernst and Rep. Linda Miller, both from Iowa. Hi, thank you. In Argentina, we launched VR46 The Doctor. Country of residence : Unknown. Trump held a campaign event this fall at the Duke Energy hangar near the Charlotte Airport. And VPX Bang share decreased 1.2 points to 6.6%. Here are the five most liberal CEOs, according to the firm's rankings: 5. His donations to both parties have shrunk considerably since then. 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. Ford Motor Company (Michigan)Dearborn-based Ford is one of the largest employers in Michigan and a major power player in the state. McMullen was named to Trumps Great American Economic Revival advisory group for retail earlier this year. CEO Craig Menear is also a major Republican donor. JSE-listed aviation company Comair [ JSE:COM] announced on Tuesday that Rodney Sacks, a long-standing non-executive director, has resigned with immediate effect. Stark made the case that religious conversion, commitment, and . 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. Sacks and Monster's co-CEO Hilton Schlosberg, are native South Africans. Monster sales increased 13.3% and its market share remained at 37.1%. Menard is a major donor to Wisconsin Republicans and a good friend to Trump. CEOs are people, too. 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. Sales of the company's energy brands, which include Reign increased 4.8% in the 4-week period in the convenience and gas channel. But he has . The next question comes from Kevin Grundy from Jefferies. 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. 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. 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. The company continues to address challenges in its supply chain by sourcing cans and primary ingredients and blends, increasing its manufacturing capacity and increasing finished product inventories. Or at least they have a range of political views similar to those of ordinary folks. 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. Birth Date: January 2, 1951. 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 . But I think that's something that we've managed to achieve the results. Kohler was a major donor to Scott Walker, who in turn gave Kohler wetland permits to build a golf course on state park land. Number of times each state voted for each political party in presidential elections in the United States from . Collectively, these ten states account for 179 electoral votes. 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. Raytheon-owned Pratt & Whitney is also building a large, $650 million plant in Asheville, NC. 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. 5-Hour was down 5.2% and VPX Bang sales decreased by 11.7%. He was honored as one of Fortune Magazine's Businesspersons of the year for 2016. Wells Fargos head of consumer banking, Mary Mack, was named to Business North Carolinas Power 100 in 2020. We mentioned that April 2022 sales had a challenging hurdle to meet over April 2021 sales. During the 2022, first quarter, we also launched Predator and Reign in additional countries. And as a result, we are able to decrease our reliance on the use of imported aluminum cans in the United States. 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. Net sales in Argentina increased 103.1% in dollars and 146.4% in local currency in the 2022, first quarter. Roy G. Saltman, who as the federal government's top expert on voting technology wrote a prescient but little-read report warning about hanging chads on punch-card ballots more than a decade . You may now disconnect. Good afternoon. Traditionally, the convenience channel was growing more quickly for the energy category than the mainstream grocery and drug channels. 27 out of 31 Goldman Sachs lobbyists in 2021 have previously held government jobs. We believe that we are well positioned in the beverage industry and continue to be optimistic about the future of our company. I would now like to open the floor to questions about the quarter. 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. And so far, we have not heard any rumblings from competitors about what they're doing and what they're not doing. 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. 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. The company assumes no obligations to update any forward-looking statements, whether as a result of new information, future events or otherwise. ACRE staff tackle a topic of interest in a simple, easy to read format. We believe that a portion of the increase in distribution expenses that we experienced in the quarter are likely to be transitory. 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. P&Gs PAC is a major donor to Republicans nationally and in Ohio. Share. Thank you. This concludes our question-and-answer session. Co-Chairman Doug DeVoss brother, Dick, was the Republican nominee for Michigan Governor in 2006. In Canada, in January of 2022, we introduced Monster Ultra Gold. Hey, good afternoon. We believe in the power of our brand, and we have strong brands, and we believe that this pricing action is justified. 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. 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. Thats right, the Wall Street banker who runs a firm vilified as the great vampire squid has liberal leanings. We've seen this before. In April 2022, the arbitrator issued a final award finding in favor of MEC and Orange Bang on all claims. AT&T (Texas & Georgia)Dallas-based AT&T also has regional headquarters in Atlanta. 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. 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%. 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. 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%. Thanks very much. 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.
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