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 this regard, we caution again that sales over a short period are often disproportionately impacted by various factors such as, for example, selling days, days of the week in which holidays fall, timing of new product launches, and the timing of price increases, and promotions in retail stores, distributor incentives as well as shifts in the timing of production, in some instances where our bottlers are responsible for production, and unilaterally determine their production schedules, which affects the dates on which we invoice such bottlers, as well as inventory levels maintained by our distribution partners, which they alter unilaterally for their own business reasons. Monster's Energy continues to be the leading energy brand in value in Argentina. Gross profit in this region, as a percentage of net sales, for the first quarter was 29.6% compared to 37.3% in the same quarter in 2021. Among the 2016 presidential candidates, for instance, Bernie Sanders ranks as most liberal with a score of 7.6L, while Rand Paul is most conservative with a score of 10C. While Disney gives to both Republicans and Democrats alike, its subsidiaries are major donors to Republican-leaning PACs in Florida in particular. Ford executive Joe Hinrichs was in attendance at Trumps signing ceremony for the United States-Mexico-Canada Agreement earlier this year. We've absolutely been building up inventories in the quarter, and you'll see that reflected in our balance sheet. 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. 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. Ferguson isnt a huge donor, but in 2008 he gave $2,300 to presidential candidate Barack Obama and $2,700 to the Democratic National Committee. In February 2022, we launched our newest brand nationally, True North Pure Energy Seltzer in 4, 12-ounce flavors through the Coca-Cola distribution network. Among the winning candidates Allen has contributed to: Sen. Joni Ernst and Rep. Linda Miller, both from Iowa. In April 2022, the arbitrator issued a final award finding in favor of MEC and Orange Bang on all claims. 5-Hour was down 5.2% and VPX Bang sales decreased by 11.7%. 2011 Executive of the Year Rodney Sacks - Beverage Industry In January of 2022, we introduced our first 16-ounce Ultra variety 12 packs, which are being well received by consumers, and we are continuing to expand our multi-pack portfolio in the 2022, first quarter. The next question comes from Mark Astrachan from Stifel. 27. Fast Facts. The market shares of the company's brands in Australia for the month ended April 10, 2022 decreased from 24.5% to 24%. Monster remains the market leader in Japan and South Korea. Declaring those values and acting on them are two different things, and Glassman hasn't had a political office to demonstrate those principles. We believe that a portion of the increase in distribution expenses that we experienced in the quarter are likely to be transitory. 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. Net Worth: $2.1 billion as of April 26, 2020. 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. Duke also praised Trumps decision last year to decline to set uranium production quotas. Crowdpac is able to rank donors in a similar way, based on the scores of candidates and groups they donate to. Trump held a campaign event this fall at the Duke Energy hangar near the Charlotte Airport. 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. 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. But all the money goes to Republicans, including 2012 presidential candidate Mitt Romney, Sen. 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. Equinox is owned by New-York based Related companies, the real estate behemoth developing the Hudson Yards project on New Yorks west side. 4. Ideology score: 6.7C.The billionaire hedge-fund manager and CEO donates below his weight, with most donations ranging from $1,000 to $2,500. CEO Bob Iger was a member of Trumps Strategic Policy Council. Previously held government jobs. 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 haven't heard anything from retailers. In Brazil, net sales in the 2022, first quarter increased by 72.1% in dollars and 67.4% in local currency. Political affiliation means the state of belonging to or endorsing any political party. We believe in the power of our brand, and we have strong brands, and we believe that this pricing action is justified. In China, net sales decreased 8.9% in dollars and 10.8% in local currency as compared to the same quarter in 2021, largely impacted by COVID-related lockdowns. That's right, the Wall Street banker who runs a firm . 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. Quite a bit, argues James Poniewozik, the New York Times' chief . 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. But anything that you're seeing within the business that gives you any concern about underlying demand. He is the 418th richest person in United States according to the 2014 Forbes Magazine. Company: Monster Beverage Corporation. If you could quantify that for us, that would be helpful. U.S. Political Party Preferences Shifted Greatly During 2021 - Gallup.com 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. His donations to both parties have shrunk considerably since then. Sales decreased over the same period in 2021, largely due to COVID-19 restrictions in Japan. Monster's market share in value increased 0.8 of a share point to 28.3% against the comparable period the previous year. 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. 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%. Rob Portman of Ohio, Sen. Pat Toomey of Pennsylvania, former President George W. Bush, and back in the day, flat-taxer Steve Forbes, who ran for president in 1996 and 2000. In EMEA, in the first quarter of 2022, we launched Monster Mule, Monster Nitro and Monster Assault in a number of countries. The company continued to address the challenges in its supply chain as it navigates through the uncertainty of the current global supply chain environment. 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. How Rodney Dangerfield and "Caddyshack" gave us Donald Trump Publix (Florida)This Florida-based grocery giant with stores all over the Southeast is a major donor to Florida Republicans. Sales of the company's energy drink brands increased 11.6% versus a year ago. Thank you. 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. Todd, who is the CEO of the company, recently joined the Forbes 400 list of the wealthiest people in the US. Thank you for attending this call. All participants will be in listen-only mode. Publix CEO Todd Jones is a member of Florida Governor Rick DeSantiss Re-Open Florida Task Force. 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. 4 In August 1989, Sacks emigrated to California with his family, having spent nearly 20 years with Werksmans and rising to become a senior partner. McMullen expressed excitement after Trumps election in 2016 and said they were looking forward to working with the new administration. SC Johnson (Wisconsin)SC Johnson is the Wisconsin-based cleaning supplies and consumer chemicals manufacturer that owns brands like Drano, Windex, Raid, and Glade. 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. Rodney Sacks, Chairman and CEO, Monster Beverage Corporation Trump added Hendricks to his economic advisory council in 2016 after Hillary Clinton criticized him for not having any women on it. --Additional reporting by Hannah Albarazi, Hailey Konnath and Reenat Sinay . 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. The company had sufficient can capacity and co-manufacturing filling capacity across all regions to address demand for April. And so far, we have not heard any rumblings from competitors about what they're doing and what they're not doing. Please go ahead. McMullen was named to Trumps Great American Economic Revival advisory group for retail earlier this year. Our next question comes from Bonnie Herzog from Goldman Sachs. He was . Menear was named to Trumps Great American Economic Revival advisory group for retail earlier this year. 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. Mike Madsden, the President & CEO of Honeywell Aerospace, sits on the board of the Greater Phoenix Economic Council, a powerful business lobbying group in Arizona. That's the kind of hero Jews need Jonathan Sacks to be today. Hank Meijers son, Peter Meijer, is the Republican nominee in this years election for Michigans 3rd Congressional District. But he has . Because Bang branded products are thus not creatine based, and are not limited to nutritional channels, the arbitrator found they are being sold in breach of the settlement agreement. But he doesnt lean as far left as he used to. We successfully launched several new products across Latin America in the first quarter of 2022. 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. He has also served as an economic adviser to President Obama. Party each state voted for in presidential elections by number of wins U.S. 1900-2020. Our bottler in Chile is in the process of validating its new production line in order to increase our in-country production. 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. Governor Ron DeSantis Makes Three Judicial Appointments 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. 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 . Rabbi Jonathan Sacks Has Abdicated His Moral Responsibility Great. The company assumes no obligations to update any forward-looking statements, whether as a result of new information, future events. John Watson, Chevron (CVX): 6.7C. Two, if I could. 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. The arbitrator also found that VPX's Bang branded product infringe Orange Bang's trademarks. While we believe that we will be able to address many of the supply chain challenges we have faced, we anticipate still having to face certain ongoing challenges in the future. Quicken Loans (Michigan)Michigan-based Quicken Loans donated $750,000 to Trumps Inauguration. 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. The powerful DeVos family is a major Republican donor, both nationally and in Michigan, and active in politics. In Argentina, we launched VR46 The Doctor. Rockstar was down 1.7%. Sales of Red Bull increased 7.8%. ACRE staff tackle a topic of interest in a simple, easy to read format. 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. Apple CEO Tim Cook, for instance, is a vocal supporter of gay rights, which suggests hes probably a political liberal. Hank Meijer came under fire for a campaign finance violation this year while trying to mask a donation to his sons campaign. Sacks and Monster's co-CEO Hilton Schlosberg, are native South Africans. I would now like to open the floor to questions about the quarter. This necessitated the company air freighting substantial quantities of certain ingredients internationally, particularly to EMEA, Asia Pacific and Latin America at additional costs and inefficiencies. Rodney Cyril Sacks (born 1949) is a South African billionaire businessman, chairman, and CEO of Monster Beverage since 1990. Thank you. 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 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. And we said approximately 6% depending on channel. He is not dating anyone. 4. Sales in Australia and New Zealand were negatively impacted by shipping delays of certain flavors, concentrates and ingredients. He has homes in both New York and Florida. In Chile, we expanded our Reign line by launching Melon Mania Lemon Heads and Orange Dreamsicle. 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. Second, we have right-wing politicians enacting a series of tactics meant to suppress the votes of BIPOC communities. 'Passing on the Right' nails the failed comic to conservative pundit a Please go ahead. The decrease in gross profit percentage for the 2022, first quarter was primarily the result of the items mentioned previously as well as geographical sales mix. That has raised concerns about country-club conservatives, as CEOs are often caricatured, dominating politics. CEO John Schlifske is a major donor to Wiconsin Republicans and Northwestern Mutuals PAC is a major donor to Republicans nationally.