The state legislatures must select their electors based on a full, fair, and accurate count of all mail-in and in-person ballots. Rodney's full name is Rodney Cyril Sacks, born in 1950 into a Lithuanian-Jewish family in South Africa. 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. In -- the company is continuing to address the controllable challenges in its supply chain in EMEA. [Operator Instructions]. In South Korea, net sales increased 71.7% in dollars and 86.1% in local currency as compared to the same quarter in 2021. And Nielsen is not a true indication even for sales through the distributor system, because the lags in the distribution system as well. The work-in-progress was a fake memoir centered around a bitter comic whose quest for acceptance takes him to unexpected ideological places. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Sales of Monster increased by 5.7% over the same period versus the previous year. All participants will be in listen-only mode. In Mexico, we launched our second predator SKU with Predator Mean Green. 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. Gillespie is a past chair of the Republican National Committee and served as a counselor to George W. Bush during his second term. ACRE: Action Center on Race and the Economy, Presidents Council of Advisors on Science and Technology, Rick DeSantiss Re-Open Florida Task Force, Metropolitan Milwaukee Association of Commerce, most influential women in Arizona business. Equinox Group (Florida)The Equinox Group owns Equinox Hotels, various Equinox clubs, SoulCycle, PURE Yoga, Blink, and other lifestyle fitness brands. They bought the . Raytheon Missile Systems (Arizona)Arizona-based Raytheon is a major defense contractor and manufacturer of warfare technology and weapons. 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. 27. Todd, who is the CEO of the company, recently joined the Forbes 400 list of the wealthiest people in the US. "We are confident that the recent portrayal of the company in the media is not representative of [our] culture and practices," Monster chairman and CEO Rodney Sacks and vice chair and president Hilton Schlosberg said in a statement. Please disable your ad-blocker and refresh. Founder and Chairman Dan Gilbert watched the returns of the 2018 midterm elections in the White House with Trump himself, who referred to Gilbert as a great friend. Gilbert, who is a major political power broker in Michigan, leveraged his friendship with Trump to get a special designation from the administration for his real estate holdings in Downtown Detroit, which allowed the billionaire to get a massive tax break. So we have taken pricing actions. Political affiliation. Meijer (Michigan)Meijer PAC and CEO Hank Meijer are major donors to Michigan Republicans. But anything that you're seeing within the business that gives you any concern about underlying demand. Good day, and welcome to the Monster Beverage Company's First Quarter 2020 Conference Call. There will always -- all I can say is there will always be a disconnect. We launched our third Super Fuel flavor in Tropical Thunder. CEO Marvin Ellison was named to Trumps Great American Economic Revival advisory group for retail earlier this year. It certainly doesn't sound that way, but I just wanted to ask given the step-down from what we saw from very strong results in the quarter. 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. The DeVos family members are also part owners of the NBAs Orlando Magic. If the COVID-19 pandemic and related unfavorable economic conditions continue in certain regions, our new product innovation launches in those regions could be delayed. 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. Reign share decreased 0.1 of a share point to 2.4%. Share. Duke Energy (North Carolina)Charlotte-based Duke Energy is an electric power company. He is the 418th richest person in United States according to the 2014 Forbes Magazine. 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%. Can you just review for us what level of growth you're seeing in those untracked channels? 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. Yet the company is standing by two other men also embroiled in misconduct accusations and related lawsuits. Business Line: Manufacturer of energy drinks, sodas, and fruit juices. 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). Sales of the company's energy drink brands increased 11.6% versus a year ago. And we look at a whole bunch of factors, and there's a whole lot of factors that we take into account in determining where we should be. Thank you. Collectively, these ten states account for 179 electoral votes. 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; Due to continued cost pressures, the company is planning for a net sales price increase in the range of 6% market-wide in the United States effective September 1, 2022. Full Throttle sales decreased 14.9% and its market share decreased 0.2 of a share point to 0.05 share points. Greg Abbott, donating nearly $500,000 to his campaigns since 2006. Maybe just comment on the magnitude of it, how you arrived at that, why you believe that's the appropriate number? 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. Gilbert also owns the NBAs Cleveland Cavaliers. 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. 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. I would now like to turn the conference over to Rodney Sacks and Hilton Schlosberg. Kohler was a major donor to Scott Walker, who in turn gave Kohler wetland permits to build a golf course on state park land. We successfully launched several new products across Latin America in the first quarter of 2022. Monster sales increased 28.9%. 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. Bank of Americas PAC is a major Republican donor at the federal level. Hank Meijers son, Peter Meijer, is the Republican nominee in this years election for Michigans 3rd Congressional District. 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. That kept a few prominent CEOs off our lists. Birth Date: January 2, 1951. McMullen was named to Trumps Great American Economic Revival advisory group for retail earlier this year. For this story, Crowdpac analyzed donations from CEOs of the 100 largest public U.S. companies, and Yahoo Finance considered only those CEOs who gave to two or more different causes or candidates during the last 15 years, to eliminate those who might have had a passing interest in a single issue. 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. Gross profit in the first quarter was impacted by higher aluminum commodity pricing, increased freight for imported cans, increased raw material and ingredient costs, as well as airfreight costs. Please go ahead. Coming on the heels of the Parkland school shooting earlier that year, Publix made its largest single political donation ever to Adam Putnam's failed campaign for the Republican nomination for . We estimate April 2022 sales including CANarchy to be approximately 6.7% higher than in April 2021 and 4.8% higher than in April 2021, excluding CANarchy. 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. Wells Fargos head of consumer banking, Mary Mack, was named to Business North Carolinas Power 100 in 2020. Thanks operator and good afternoon. 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. 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. This past August, Gilbert personally donated $50,000 to the Rock Holdings Inc State PAC, which gives primarily to Republicans. 5. 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. According to Nielsen, in the 13-week period until the end of February 2022, Predator's retail market shares in value as compared to the same period the previous year grew from 14.5% to 23.3% in Kenya, and from 3.3% to 14.7% in Nigeria. April 2022 had one less selling day compared to April 2021. But hes donated to only one candidate, according to public records: Barack Obama, whose 2008 presidential campaign got $2,300 from Cook. 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. The impact of the COVID-19 pandemic was less pronounced on such expenses during the 2022, first quarter. He has put his money behind President Obama, California senators Dianne Feinstein and Barbara Boxer and many other Dems. 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? 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. 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. 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%. 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. The only thing I would maybe add just from one aspect. 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. Liz, who is the companys CEO, is also an economic adviser to Trump. Home Depot (Georgia)Atlanta-based Home Depot is a major political player in Georgia. Apple CEO Tim Cook, for instance, is a vocal supporter of gay rights, which suggests hes probably a political liberal. Among the winning candidates Allen has contributed to: Sen. Joni Ernst and Rep. Linda Miller, both from Iowa. 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. Red Bull's share decreased 1.5 points to 35.3%. We believe in the power of our brand, and we have strong brands, and we believe that this pricing action is justified. Notably missing: Democrat backers. We hope that you will stay safe and healthy. 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. Larry Page, Google (GOOGL): 10L. 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%). Hilton Slosberg, our Vice Chairman and Co-Chief Executive Officer, is on the call; as is Tom Kelly, our Chief Financial Officer. Highlights, big interviews, and more from the Milken Institute Global Conference, Uber Q1 earnings preview: Mobility and Delivery expected to drive growth, UPDATE 1-IMF's Georgieva says more vulnerabilities in banking sector may be exposed, Bill would allow 14-year-olds to serve alcohol in Wisconsin, Stocks rise as JPMorgan Chase takes over First Republic: Stock market news today, Bitcoin Sags After its Longest Streak of Monthly Gains Since 2021. CEO Lynn Good is also a major donor to North Carolina Republicans. 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. 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. We are calling on these wealthy elites and executives to publicly pledge to demand back all the money they have given to any elected official that refuses to honor the results of a full, fair, and accurate count of all mail-in and in-person ballots in their state or takes any action to prevent all the ballots from being counted. --Additional reporting by Hannah Albarazi, Hailey Konnath and Reenat Sinay . The next question comes from Kevin Grundy from Jefferies. Net sales in Argentina increased 103.1% in dollars and 146.4% in local currency in the 2022, first quarter. 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. 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. Rodney Cyril 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. Rob Portman, Sen. Richard Shelby, former House Majority Leader Eric Cantor) and Democrats (Sen. Gary Peters, Rep. Greg Meeks). First, we must demand that all states count and honor every vote. In April 2022, we launched Monster Mango Loco in Japan. The company assumes no obligations to update any forward-looking statements, whether as a result of new information, future events or otherwise. Fords PAC is a major donor to Republicans nationally and in Michigan. So we're as well placed as we have been in the past to satisfy demand. And obviously, price points are a big driver. 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. Crowdpac assigns politicians a numerical score ranging from 10L for extremely liberal to 10C for extremely conservative, with 0 representing somebody whos perfectly centrist. 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. 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. 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. Derek Borer, the group's company secretary and an alternative non-executive director to Sacks, also resigned from the board with immediate effect. And then with respect to the April sales update and not to overweight any one given month, and your point in the comparison is entirely fair. Dukes PAC is a major donor to Republicans, both at the federal level and in North Carolina. And since we only analyzed public companies, the leaders of private companies such as Charles Koch, the conservative activist who's CEO of privately held Koch industries, didnt make our list either. I would like to turn the conference back over to Rodney Sacks for any closing remarks. Please go ahead. What follows is a list of corporations whose political action committees and executives are major donors to Republicans in the swing states mentioned above. 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. Please go ahead. Kelcy Warren, Energy Transfer Partners (ETP): 6.9C. 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. We again point out that in certain market statistics that cover single months or 4-week periods may often be materially influenced positively and/or negatively by promotions or other trading factors during those periods. Publix (Florida)This Florida-based grocery giant with stores all over the Southeast is a major donor to Florida Republicans. 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%. 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. Reign sales decreased 2%, NOS was down 2.3%, and Full Throttle was up 7.1%. Robert Iger, Walt Disney (DIS): 6.2L. Bank of Americas Chief Technology Officer, Catherine Bessant, is a member of Trumps Presidents Council of Advisors on Science and Technology. 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. Or at least they have a range of political views similar to those of ordinary folks. So you guys called out certainly many pressures this quarter impacting your business to really fill the strong underlying demand. He enrolled at University of the Witwatersrand in Johannesburg and graduated with a degree in law and later post graduated higher diploma in tax law. 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. CEO Craig Menear is also a major Republican donor. I would now like to open the floor to questions about the quarter. Sales of Predator increased 67% and its market share increased 0.9 of a share point to 3.7%. We also launched Monster Ultra Gold in Puerto Rico and Monster Mango Loco in Colombia. Biography of Rodney Cyril Sacks. 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. Number of times each state voted for each political party in presidential elections in the United States from . 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. 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. And Full Throttle share remained at 0.7 of a percent. He has been running Monster . September 1, there will be a market-wide increase. 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. 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. John Sprouls, the CEO of Comcast-owned Universal Orlando Resort, is a member of Florida Governor Rick DeSantiss Re-Open Florida Task Force. But I think that's something that we've managed to achieve the results. Watson also donates occasionally to Democrats, including $2,600 he gave in 2014 to Sen. Mary Landrieu of Louisiana, an important energy-industry ally who ended up losing her reelection bid. Is this happening to you frequently? 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. And if you think we've seen any demand impact so far from higher gas prices? Iger has also contributed to California Gov. And in recent quarters, that had been reversed with less -- lower driving through COVID and then you've got higher gas prices. 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. In Chile, we expanded our Reign line by launching Melon Mania Lemon Heads and Orange Dreamsicle. The sales growth of the Monster brand exceeded that of Red Bull in the period. 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. Public asset : 89,496,414 USD. Operating expenses for the 2022, first quarter was $377.2 million, compared with $300.8 million in the 2021, first quarter. 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.