As Sacks watched the carnage unfold on TV, he knew that . The impact of the COVID-19 pandemic was less pronounced on such expenses during the 2022, first quarter. Peter . Great. 27. You may now disconnect. Penske Automotive Group (Michigan & Pennsylvania)Founder and CEO Roger Penske is a major donor to Michigan Republicans and was awarded with a Presidential Medal of Freedom from Trump in 2019. We did include TIAA-CREF because it reports earnings like a public company, even though it doesn't have traditional shareholders. VPX has filed a motion to vacate the arbitration award. 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. Lowes (North Carolina)North Carolina-based Lowes is a major donor to Republicans, both nationally and in the state. However, the general stability for the full-year average obscures a dramatic shift over the . Hi, thank you. Here are the five most liberal CEOs, according to the firm's rankings: 5. In the United States, the company secured additional co-packing capacity to meet increased demand for certain of its products. 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. April 2021, April 2020 and April 2019, all had the same number of selling days. The DeVos family members are also part owners of the NBAs Orlando Magic. We are pleased with the new additions to the Monster Energy portfolio. Editor's note: This story has been corrected to indicate that John Deere is based in Illinois, not Iowa. 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. 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. I will now discuss our litigation with Vital Pharmaceuticals, Inc., which I will refer to as VPX, the maker of Bang energy drinks. 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. 5. We already took pricing up, as we mentioned, through pricing actions, and we will be taking pricing up effective September 1. Monster's retail market shares in value as compared to the same period the previous year declined from 15.2% to 14.9% in Belgium, from 8.1% to 7.9% in the Netherlands, and from 28% to 27.9% in the Republic of Ireland. 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. Home Depot (Georgia)Atlanta-based Home Depot is a major political player in Georgia. 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 are proceeding with plans to launch our affordable energy brands in an additional number of international countries. Crowdpac assigns politicians a numerical score ranging from 10L for extremely liberal to 10C for extremely conservative, with 0 representing somebody whos perfectly centrist. From Lawyer to Monster: The Life of Rodney Sacks - PeoPlaid Thats right, the Wall Street banker who runs a firm vilified as the great vampire squid has liberal leanings. Derek Borer, the group's company secretary and an alternative non-executive director to Sacks, also resigned from the board with immediate effect. 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. 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. CEO Gregory Hayes was named to Trumps Great American Economic Revival advisory group for defense earlier this year. 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. 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. Schlifske is a powerful political figure in Milwaukee and an officer of the Metropolitan Milwaukee Association of Commerce. Rodney Cyril Sacks was born into a Lithuanian-Jewish family, he grew up in South Africa. 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. In February of 2022, we introduced new flavor innovations with Ultra Peachy Keen, Juice Monster Aussie Style Lemonade, Rehab Watermelon and Reign Reignbow Sherbet. Sales of Red Bull increased 7.8%. Equinox is owned by New-York based Related companies, the real estate behemoth developing the Hudson Yards project on New Yorks west side. Before we begin, I would like to remind listeners that certain statements made during this call may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and are based on currently available information regarding the expectations of management with respect to revenues, profitability, future business, future events, financial performance and trends, as well as the future impact of the COVID-19 pandemic on the company's business and operations. Can you just review for us what level of growth you're seeing in those untracked channels? As this litigation and other pending proceedings with VPX are sub judicate, we will not be answering any questions on those matters in today's call. 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. 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. In February of 2022, we grew Canada's Reign portfolio by launching Rain White Gummy Bear. We remain optimistic about the prospects for the Monster brand in China. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Birth Date: January 2, 1951. 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. Sales of Red Bull were down 0.4%. We also launched Monster Ultra Gold in Puerto Rico and Monster Mango Loco in Colombia. Rockstar was down 1.7%. [Operator Instructions]. Sales of the company's energy brands, which include Reign increased 4.8% in the 4-week period in the convenience and gas channel. Maybe just comment on the magnitude of it, how you arrived at that, why you believe that's the appropriate number? Monster's White Execs Hit With Derivative Suit Over Diversity All participants will be in listen-only mode. 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. 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. Thanks. And then turning to your second question about gas prices. 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 . In 2018, Comcast decided to give a platform to the far-right NewsmaxTV channel owned by Trumps friend Christopher Ruddy by including it in its Xfinity Digital starter package. Meijer (Michigan)Meijer PAC and CEO Hank Meijer are major donors to Michigan Republicans. 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%. Monster remains the market leader in Japan and South Korea. CEOs are people, too. Reign sales decreased 2%, NOS was down 2.3%, and Full Throttle was up 7.1%. He was honored as one of Fortune Magazine's Businesspersons of the year for 2016. So the market will continue to grow. President Clinton appointed Ferguson to the Federal Reserve Board of Governors in 1997, with Ferguson becoming Fed vice chair in 1999. In the United States, we anticipate seeing a reduction in cost of sales related to the use of imported aluminum cans in the latter half of 2022. So we're as well placed as we have been in the past to satisfy demand. 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. 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. 87.10%. 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. The cost of repositioning finished products to distribution centers are included in freight-in costs. Following the purchase, the facility will be closed for a period of time, before the company is able to commence production. But he doesnt lean as far left as he used to. 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. He's refused to attend the Limmud. And what are you hearing from retailers in terms of competitors following or not? He is the 418th richest person in United States according to the 2014 Forbes Magazine. 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.