With the 115th pick, the Chicago Bears . PNCs PAC is a major donor to Republicans nationally and in Pennsylvania. Other stalwart conservatives Warren has given to: Texas Rep. Joe Barton, Wisconsin Rep. Paul Ryan and Texas Sen. John Cornyn. 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. Governor Ron DeSantis Makes Three Judicial Appointments NOS' share decreased 0.2 points to 2.6%. Tom Kelly will now read our cautionary statement. Rodney Cyril Sacks. Everything you should know about the CEO of Monster Energy Publix (Florida)This Florida-based grocery giant with stores all over the Southeast is a major donor to Florida Republicans. So I mean, at the moment, if you look at the latest four weeks or one week numbers, the convenience channel is growing less than if you look at the all major channels. He has put his money behind President Obama, California senators Dianne Feinstein and Barbara Boxer and many other Dems. Party each state voted for in presidential elections by number of wins U.S. 1900-2020. 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. Monster Beverage Corporation (NASDAQ:MNST) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET, Hilton Schlosberg - Vice Chairman and Co-CEO. Maybe just comment on the magnitude of it, how you arrived at that, why you believe that's the appropriate number? Additionally, GAAP requires a first value step-up of the CANarchy inventories of $3.8 million, which together with expenses related to the acquisition of CANarchy of $4.2 million during the quarter, adversely affected both gross margins and operating expenses. Thanks very much. How Rodney Dangerfield and "Caddyshack" gave us Donald Trump Our bottler in Chile is in the process of validating its new production line in order to increase our in-country production. If you have an ad-blocker enabled you may be blocked from proceeding. 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 assumes no obligations to update any forward-looking statements, whether as a result of new information, future events. American democracy has always been fraught and our elections have never truly been fair or free. Rockstar share was down 0.2 points to 3.6%. CEO Lynn Good is also a major donor to North Carolina Republicans. He and his wife have personally donated $170,000 to Trumps reelection campaign. 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. While it's obviously ironic that money men who gripe relentlessly about Washington overregulating Wall Street tend to be liberal, much of it probably has to do with the region they operate in. Our two new suppliers of aluminum cans in the United States are now operational. Stark made the case that religious conversion, commitment, and . Rick Newmans latest book is Liberty for All: A Manifesto for Reclaiming Financial and Political Freedom. 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. 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. Raytheon-owned Pratt & Whitney is also building a large, $650 million plant in Asheville, NC. He has homes in both New York and Florida. Honeywells PAC is a major donor to both Republicans and Democrats. I think we said at the time that we were building up inventories and that's what we've been doing. U.S. Political Party Preferences Shifted Greatly During 2021 - Gallup.com What follows is a list of corporations whose political action committees and executives are major donors to Republicans in the swing states mentioned above. On a foreign currency adjusted basis, excluding CANarchy, April 2022 sales would have been approximately 7.7% higher than the comparable April 2021 sales. 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. Thats right, the Wall Street banker who runs a firm vilified as the great vampire squid has liberal leanings. Blankfeins biggest check, $28,500, went to the Democratic Senatorial Campaign Committee in 2007a pre-crisis year that may have represented peak bonhomie between Democrats and Wall Street. Good day, and welcome to the Monster Beverage Company's First Quarter 2020 Conference Call. REVOLVING DOOR. Here's the full methodology for generating this list: Crowdpac maps politicians across an ideological spectrum based on how they vote, the political behavior of groups theyre affiliated with and other factors. 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. Have they already started to ease? And obviously, price points are a big driver. If you could quantify that for us, that would be helpful. In -- the company is continuing to address the controllable challenges in its supply chain in EMEA. Since 2008, Blankfein has donated to both Republicans (Sen. The state legislatures must select their electors based on a full, fair, and accurate count of all mail-in and in-person ballots. But he doesnt lean as far left as he used to. The company is also monitoring the opportunity for additional pricing actions internationally as well as in the United States. Did not previously hold government jobs. Follow him on Twitter: @rickjnewman. 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. 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. Hendricks is a major donor to Wisconsin Republicans, the Republican National Committee, and Trump. And Full Throttle share remained at 0.7 of a percent. Number of times each state voted for each political party in presidential elections in the United States from . Rodney Cyril Sacks holds the position of Chairman & Co-Chief Executive Officer at Monster Beverage Corp. and Chairman, Chief & Principal Executive Officer at Monster . Avoiding politics is political, no matter what Rabbi Sacks says Rob Portman, Sen. Richard Shelby, former House Majority Leader Eric Cantor) and Democrats (Sen. Gary Peters, Rep. Greg Meeks). Reign sales decreased 2%, NOS was down 2.3%, and Full Throttle was up 7.1%. 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. 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, was 40.9% versus 48.8% over the same period in 2021. 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. 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. 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. , in respect of a candidate, means the name of the political party that has endorsed him or her or the word "independent", as the case may be, included in the nomination paper in accordance with subparagraph 66 (1) (a) (v). 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. And if you just look at aluminum prices, aluminum, the commodity went up 65% in Q1 '22 versus the previous year Q1 2021. And in recent quarters, that had been reversed with less -- lower driving through COVID and then you've got higher gas prices. Dukes PAC is a major donor to Republicans, both at the federal level and in North Carolina. 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. But he has . Company: Monster Beverage Corporation. Comcast also owns the NHLs Philadelphia Flyers. Please go ahead. As Sacks watched the carnage unfold on TV, he knew that . There will always -- all I can say is there will always be a disconnect. As for donors, Crowdpac uses an algorithm to approximate their ideology, based on the scores of candidates and groups they donate to. 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. Schlifske is a powerful political figure in Milwaukee and an officer of the Metropolitan Milwaukee Association of Commerce. In Mexico, we launched our second predator SKU with Predator Mean Green. In the contentious 2020 election season, the other side is employing two key strategies to stop BIPOC communities voices from being heard. Rodney Sacks - Forbes 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. 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 . And we're seeing the following week, which is April 23, which is what we discussed on this call, convenience in that one week growing 7%. And then, Rodney, can you help us understand maybe where things stand now as it relates to some of these pressures. 4. Duke Energy (North Carolina)Charlotte-based Duke Energy is an electric power company. Sales of the company's energy drink brands increased 11.6% versus a year ago. 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. 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. 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. JSE-listed aviation company Comair [ JSE:COM] announced on Tuesday that Rodney Sacks, a long-standing non-executive director, has resigned with immediate effect. Thanks. We believe in the power of our brand, and we have strong brands, and we believe that this pricing action is justified. 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? Yet the company is standing by two other men also embroiled in misconduct accusations and related lawsuits. Hank Meijer came under fire for a campaign finance violation this year while trying to mask a donation to his sons campaign. The arbitrated rewarded MEC and Orange Bang $175 million to remedy VPX's past misconduct and attorney's fees and costs, which amounted to nearly $9.3 million. 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. Monster's White Execs Hit With Derivative Suit Over Diversity 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. Previously held government jobs: 87.10%. Good afternoon, ladies and gentlemen. 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. 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. Procter & Gamble (Ohio)Cincinnati-based Procter & Gamble is a consumer goods corporation that specialties in personal health, personal care, and hygiene products and owns brands like Always, Bounty, Charmin, Crest, Dawn, Downy, Febreze, Gain, Gillete, Head & Shoulders, Olay, Oral-B, Pampers, Pantene, Tide, and Vicks, among many others. Click here to sign our petition telling these #GOPcorps to stop bankrolling the politicians who suppress our votes. Although AT&T is best known as a telecommunications company, it is also a media giant that acquired WarnerMedia last year. Going forward, we demand that corporations stay out of politics altogether. "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 . Liz, who is the companys CEO, is also an economic adviser to Trump. Red Bull's share decreased 1.5 points to 35.3%. Rodney Sacks is chairman and CEO of energy drink maker Monster Beverage Corporation. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. Monster Energy Vice President Accused Of Sexual Harassment - HuffPost Editor's note: This story has been corrected to indicate that John Deere is based in Illinois, not Iowa. 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. In addition, increased commodity and raw materials costs, including aluminum, other ingredient costs and secondary packaging incurred during the quarter, amounted to approximately $45 million, and increases in freight rates and fuel impacted gross profits by approximately $6 million. Honeywell hosted Trump to tour the facilities at its Phoenix campus earlier this year, which has been repurposed to make N95 masks in light of the COVID-19 pandemic. You may now disconnect. J effrey Sachs, the world-renowned economist who leads Columbia University's sustainable-development program, has advised three U.N. secretaries-general, is the author of numerous books, and. 3. April 2021, April 2020 and April 2019, all had the same number of selling days. 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? John Sprouls, the CEO of Comcast-owned Universal Orlando Resort, is a member of Florida Governor Rick DeSantiss Re-Open Florida Task Force. The work-in-progress was a fake memoir centered around a bitter comic whose quest for acceptance takes him to unexpected ideological places. Peter . 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. 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. And if you think we've seen any demand impact so far from higher gas prices? Here are the five most liberal CEOs, according to the firm's rankings: 5. Thanks operator and good afternoon. They bought the . We will be recommencing some buying activities. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. Political affiliation Definition | Law Insider Early life. Collectively, these ten states account for 179 electoral votes. Please. 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. 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). CEO Brian Moynihan has been in multiple meetings and calls with Trump and Treasury Secretary Steve Mnuchin. So we're as well placed as we have been in the past to satisfy demand. 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. In Argentina, we launched VR46 The Doctor. 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%). Hi, thank you. 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. APRIL 29 ROSCHON TO BEARS The Cowboys want to take a running back somewhere in this Day 3 of the NFL Draft, but that guy won't be a favored Longhorn. 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. SC Johnson (Wisconsin)SC Johnson is the Wisconsin-based cleaning supplies and consumer chemicals manufacturer that owns brands like Drano, Windex, Raid, and Glade. 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. Hank Meijers son, Peter Meijer, is the Republican nominee in this years election for Michigans 3rd Congressional District. 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. Share. MEC's lawsuit against VPX for false advertising, unfair competition, and misappropriation of trade secrets in the Central District of California is still pending, with trials scheduled to begin in August 2022. In conclusion, I would like to summarize some recent positive points. 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. Monster sales increased 13.3% and its market share remained at 37.1%. The powerful DeVos family is a major Republican donor, both nationally and in Michigan, and active in politics. 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. The Wealthy Corporations Bankrolling the Politicians Who Could - Medium Crowdpac assigns politicians a numerical score ranging from 10L for extremely liberal to 10C for extremely conservative, with 0 representing somebody whos perfectly centrist. Hey, good afternoon. Kohler (Wisconsin)Herbert Kohler, the executive chairman of this plumbing fixture manufacturing company, is one of Wisconsins wealthiest billionaires and a major donor to Wisconsin 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. Monster Beverage Corp (MNST) CEO Rodney Sacks on Q3 2020 - SeekingAlpha Ford hosted Trump at one of its plants earlier this year, while he was campaigning for reelection. The way we got to our price increase is -- price increase, remember, we're already taking pricing actions. We hope that you will stay safe and healthy. Or at least they have a range of political views similar to those of ordinary folks. Apple CEO Tim Cook, for instance, is a vocal supporter of gay rights, which suggests hes probably a political liberal. Notably missing: Democrat backers. Rick Perrys 2012 presidential bid, kicking in $250,000. Sacks fills the vacancy created by the elevation and resignation of Judge . The left-to-right, 20-point scale ranges from 10L for extremely liberal to 10C for extremely conservative, with 0 representing somebody whos perfectly centrist. Please disable your ad-blocker and refresh. Second, we have right-wing politicians enacting a series of tactics meant to suppress the votes of BIPOC communities. 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. And then turning to your second question about gas prices. 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. 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. 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. Amway (Michigan)Amway is a multi-level marketing company owned by Michigans DeVos and Van Andel families. I would now like to hand the call over to Rodney Sacks. Political affiliation means the state of belonging to or endorsing any political party. The only thing I would maybe add just from one aspect. Page doesnt typically donate to candidates, but he has given money to campaigns in California supporting same-sex marriage and alternative energy. He was . 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. 27 out of 31 Goldman Sachs lobbyists in 2021 have previously held government jobs. Consequently, such activities could have a significant impact on the monthly Nielsen statistics for Mexico. Monster is now the leading energy brand in value in Brazil, marking another important milestone for our brand in South America. Thank you very much for your attendance. 4. Crowdpac is able to rank donors in a similar way, based on the scores of candidates and groups they donate to. VPX has filed a motion to vacate the arbitration award. Previously held government jobs. 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. CEOs are people, too. We remain optimistic about the prospects for the Monster brand in China. Raytheons PACs are major donors both nationally and at the state level in Arizona. Linked companies : Monster Beverage Corporation. 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. Public asset : 89,496,414 USD. 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. 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. Sales of NOS decreased 3.5% and sales of Full Throttle increased 5.5%. We already took pricing up, as we mentioned, through pricing actions, and we will be taking pricing up effective September 1. In April 2022, we launched Monster Mango Loco in Japan. Publix CEO Todd Jones is a member of Florida Governor Rick DeSantiss Re-Open Florida Task Force. Jerry Brown and Harris, the states attorney general. In South Korea, net sales increased 71.7% in dollars and 86.1% in local currency as compared to the same quarter in 2021. Lloyd Blankfein, Goldman Sachs ( GS ). ACRE staff tackle a topic of interest in a simple, easy to read format. Sales of Reign were down 6.1%. We mentioned that April 2022 sales had a challenging hurdle to meet over April 2021 sales. 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. McMullen expressed excitement after Trumps election in 2016 and said they were looking forward to working with the new administration. CEO William Demchak is also a major donor to Republicans for federal office. Rodney Sacks wiki, affair, married, Gay 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. 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. 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. This entire interview with director Rodney Sacks provides insight into the company's success, marketing strategy, history, and decision-making.