Biography of Rodney Cyril Sacks. In April 2022, the arbitrator issued a final award finding in favor of MEC and Orange Bang on all claims. And in recent quarters, that had been reversed with less -- lower driving through COVID and then you've got higher gas prices. And so far, we have not heard any rumblings from competitors about what they're doing and what they're not doing. U.S. Political Party Preferences Shifted Greatly During 2021 - Gallup.com Good day, and welcome to the Monster Beverage Company's First Quarter 2020 Conference Call. Your U.S. sales continue to come in very strong again this quarter and show a sustained decoupling versus the scanner data, implying obviously very strong growth in the untracked channels. Amway (Michigan)Amway is a multi-level marketing company owned by Michigans DeVos and Van Andel families. Monster Beverage Corp (MNST) CEO Rodney Sacks on Q3 2020 - SeekingAlpha 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. Ford hosted Trump at one of its plants earlier this year, while he was campaigning for reelection. 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. Rodney's full name is Rodney Cyril Sacks, born in 1950 into a Lithuanian-Jewish family in South Africa. Both Ronald and Todd were also major donors to Scott Walker. CEO Bob Iger was a member of Trumps Strategic Policy Council. Since 2008, Blankfein has donated to both Republicans (Sen. Rockstar share was down 0.2 points to 3.6%. AT&T (Texas & Georgia)Dallas-based AT&T also has regional headquarters in Atlanta. 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. 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. 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. Hendricks is a major donor to Wisconsin Republicans, the Republican National Committee, and Trump. 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. In the 2022, first quarter, we launched Monster Ultra Gold and Mother Kiwi Sublime in Australia and New Zealand. 1. 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. Rick Perrys 2012 presidential bid, kicking in $250,000. Did not previously hold government jobs. Rodney Cyril Sacks - Biography - MarketScreener.com Rodney Sacks - $5,500 in Political Contributions for 2014, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions . He has homes in both New York and Florida. While Disney gives to both Republicans and Democrats alike, its subsidiaries are major donors to Republican-leaning PACs in Florida in particular. SoulCycle was the target of boycotts in light of that fundraiser. The decrease in gross profit as a percentage of net sales for the 2022, first quarter was partially offset by pricing actions. --Additional reporting by Hannah Albarazi, Hailey Konnath and Reenat Sinay . Like what youre reading? 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. Please note this event is being recorded. Please go ahead. Raytheon-owned Pratt & Whitney is also building a large, $650 million plant in Asheville, NC. 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. Please keep in mind that the comparative 2020 sales were materially adversely impacted by the COVID-19 pandemic. Please go ahead. Monster sales increased 28.9%. Dating & Relationship status He is currently single. Our next question comes from Bonnie Herzog from Goldman Sachs. 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. The market share of the company's energy drink brands was 41.5% down 0.7 points. In the contentious 2020 election season, the other side is employing two key strategies to stop BIPOC communities voices from being heard. They need to start to repair the damage they have already done to the political process by taking back their donations to politicians that try to overturn the will of the voters, but in the future, they need to keep their dirty money out of our elections. If you have an ad-blocker enabled you may be blocked from proceeding. Net Worth: $2.1 billion as of April 26, 2020. Rockstar was down 1.7%. Click here to sign our petition telling these #GOPcorps to stop bankrolling the politicians who suppress our votes. The market shares of the company's brands in New Zealand for the 4 weeks ended April 17 2022, remained at 24.7%. Rodney Sacks et al., case number 8:20-cv-01782, in the U.S. District Court for the Central District of California. Updated by the minute, our Dallas Cowboys NFL Tracker: News and views and moves inside The Star and around the league . In EMEA, in the first quarter of 2022, we launched Monster Mule, Monster Nitro and Monster Assault in a number of countries. P&Gs PAC is a major donor to Republicans nationally and in Ohio. But hes donated to only one candidate, according to public records: Barack Obama, whose 2008 presidential campaign got $2,300 from Cook. In Mexico, we launched our second predator SKU with Predator Mean Green. Furthermore, the company experienced significant increases in distribution expenses, including increased fuel, freight and warehousing costs, which adversely impacted operating expenses. 4. Rodney Sacks - $5,500 in Political Contributions for 2014 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. In February of 2022, we grew Canada's Reign portfolio by launching Rain White Gummy Bear. 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. He has been running Monster . "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. Lloyd Blankfein, Goldman Sachs (GS). Political affiliation. Please go ahead. Sales of Red Bull were down 0.4%. 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. Sales of Predator increased 67% and its market share increased 0.9 of a share point to 3.7%. On a foreign currency adjusted basis, excluding CANarchy, April 2022 sales would have been approximately 7.7% higher than the comparable April 2021 sales. According to Nielsen, for the month of March 2022 compared to March 2021, Monster's retail market shares in value decreased in Argentina from 45.2% to 45%. Please disable your ad-blocker and refresh. ACRE staff tackle a topic of interest in a simple, easy to read format. Rodney Sacks Biography, Age, Height, Wife, Net Worth, Family Thank you. The company continued to address the challenges in its supply chain as it navigates through the uncertainty of the current global supply chain environment. 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. Rodney Cyril Sacks (born 1949) is a South African billionaire businessman, chairman, and CEO of Monster Beverage since 1990. 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. As for donors, Crowdpac uses an algorithm to approximate their ideology, based on the scores of candidates and groups they donate to. Black, Indigenous, and people of color (BIPOC) and women were functionally excluded from the democratic process for the overwhelming majority of the history of the United States, and have been pushed to the margins of the system for the remainder of it. REVOLVING DOOR. Mother's market shares in value decreased from 11.5% to 10.4% during the same period. Good afternoon. Sacks fills the vacancy created by the elevation and resignation of Judge . The arbitrator also found that VPX's Bang branded product infringe Orange Bang's trademarks. Apple CEO Tim Cook, for instance, is a vocal supporter of gay rights, which suggests hes probably a political liberal. We've absolutely been building up inventories in the quarter, and you'll see that reflected in our balance sheet. Business Line: Manufacturer of energy drinks, sodas, and fruit juices. 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. Rodney Sacks - Forbes Rodney Cyril Sacks. And is that across -- great, and is that across all products and channels or balanced with RGM? In Canada, in January of 2022, we introduced Monster Ultra Gold. I think we said at the time that we were building up inventories and that's what we've been doing. So there were unexpected issues that surfaced in the quarter. The company had sufficient can capacity and co-manufacturing filling capacity across all regions to address demand for April. We successfully launched several new products across Latin America in the first quarter of 2022. We are planning to continue additional launches of our Reign, Total Body Fuel high-performance energy drinks in additional international countries. In the United States, the company secured additional co-packing capacity to meet increased demand for certain of its products. But as I said on a previous call, we're running our own brand, irrespective of the competitors. Gilbert also owns the NBAs Cleveland Cavaliers. In conclusion, I would like to summarize some recent positive points. Thats right, the Wall Street banker who runs a firm vilified as the great vampire squid has liberal leanings. Please go ahead. Please go ahead. Kelcy Warren, Energy Transfer Partners (ETP): 6.9C. Multi-level marketing companies are sometimes compared to pyramid schemes. 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. Publix CEO Todd Jones is a member of Florida Governor Rick DeSantiss Re-Open Florida Task Force. 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. 5. 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. Rob Portman, Sen. Richard Shelby, former House Majority Leader Eric Cantor) and Democrats (Sen. Gary Peters, Rep. Greg Meeks). 5-Hour was down 5.2% and VPX Bang sales decreased by 11.7%. 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. That kept a few prominent CEOs off our lists. Sales of NOS decreased 3.5% and sales of Full Throttle increased 5.5%. 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. 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. Publix (Florida)This Florida-based grocery giant with stores all over the Southeast is a major donor to Florida Republicans. And we also had a dramatic increase in aluminum prices. Thank you. 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. 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. 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. Against all odds, our communities have organized and fought to win our civil and human rights, including the right to vote. 87.10%. Cowboys O-Line Target Steve Avila of TCU Drafted by Rams 27 out of 31 Goldman Sachs lobbyists in 2021 have previously held government jobs. Sales of Starbucks Energy were 11.7% lower. 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. 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. You may now disconnect. I will now discuss our litigation with Vital Pharmaceuticals, Inc., which I will refer to as VPX, the maker of Bang energy drinks. Other stalwart conservatives Warren has given to: Texas Rep. Joe Barton, Wisconsin Rep. Paul Ryan and Texas Sen. John Cornyn. While there, Trump praised the good bloodlines of Henry Ford, the anti-Semitic founder of the company and a great-grandfather of the companys Executive Chairman, Bill Ford. 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. Northwestern Mutual (Wisconsin)Northwestern Mutual is a Fortune 500 financial services company based in Milwaukee. 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. 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. Number of times each state voted for each political party in presidential elections in the United States from . 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. The company's head of music marketing, Brent . Monster Beverage Corporation (NASDAQ:MNST) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET, Hilton Schlosberg - Vice Chairman and Co-CEO. Dukes PAC is a major donor to Republicans, both at the federal level and in North Carolina. We are pleased with the rollout of Predator and Fury, our affordable energy drink portfolio internationally. 4. CEOs are people, too. 'Passing on the Right' nails the failed comic to conservative pundit a Menear was named to Trumps Great American Economic Revival advisory group for retail earlier this year. 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. The way we got to our price increase is -- price increase, remember, we're already taking pricing actions. Linked companies : Monster Beverage Corporation. 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. Ideology score: 4.9L. 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. Crowdpac is able to rank donors in a similar way, based on the scores of candidates and groups they donate to. Rodney Sacks Bio - Business Chronicler Kroger (Ohio)Krogers PAC and CEO Rodney McMullen have both been major donors to Ohio Republicans. 2. We're probably in a good position now, better than we have been in terms of supply. Please. This past August, Gilbert personally donated $50,000 to the Rock Holdings Inc State PAC, which gives primarily to Republicans. Did not previously hold government jobs: 12.90%. 3. Crowdpac assigns politicians a numerical score ranging from 10L for extremely liberal to 10C for extremely conservative, with 0 representing somebody whos perfectly centrist. 1. Rodney Stark, the influential and controversial sociologist who argued for rational choice in religion, died last month at age 88. Second, we have right-wing politicians enacting a series of tactics meant to suppress the votes of BIPOC communities. The company assumes no obligations to update any forward-looking statements, whether as a result of new information, future events or otherwise. The company also experienced a significant increase in ingredient and other input costs, secondary packaging materials, co-packing fees and production inefficiencies. Comcast also owns the NHLs Philadelphia Flyers. 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. Roger Ferguson, TIAA-CREF: 8.9L. 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. Yet the company is standing by two other men also embroiled in misconduct accusations and related lawsuits. 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. Share. And Full Throttle share remained at 0.7 of a percent. How politically active a donor is, or how much he gives overall, doesnt matter; ideology ratings reflect the types of candidates and causes donors are likely to support, not the depth of that support. Josh DAmaro, President of the Walt Disney World Resort in Orlando is a member of Florida Governor Rick DeSantiss Re-Open Florida Task Force. 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. Sacks most recently served as Chief Assistant State Attorney and has served as an Assistant State Attorney in the Fourth Judicial Circuit since 2013. Among the winning candidates Allen has contributed to: Sen. Joni Ernst and Rep. Linda Miller, both from Iowa. Our two new suppliers of aluminum cans in the United States are now operational. With the 115th pick, the Chicago Bears . But all the money goes to Republicans, including 2012 presidential candidate Mitt Romney, Sen. 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 . 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. 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. We did include TIAA-CREF because it reports earnings like a public company, even though it doesn't have traditional shareholders. First, Sacks' self-portrayal as always respectful and opposed to "cancelation" is contradicted by his history of delegitimizing non-Orthodox forms of Judaism. 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. You've answered it. Political affiliation means the state of belonging to or endorsing any political party. That has raised concerns about country-club conservatives, as CEOs are often caricatured, dominating politics. Who is inside Elon Musk's inner circle at Twitter - Vox 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. Country of residence : Unknown. AT&Ts PACs are major donors to Republicans- both nationally, and in Texas and Georgia. CEO Fisk Johnson is a major donor to Wisconsin Republicans and a member of Trumps Presidents Council of Advisors on Science and Technology. 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. Sales of Java Monster, including Java Monster 300 and Java Monster Nitro Cold Brew were 2.4% higher in the same period versus the previous year. 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. Eddie Lampert, Sears (SHLD). And Nielsen is not a true indication even for sales through the distributor system, because the lags in the distribution system as well. Wells Fargos head of consumer banking, Mary Mack, was named to Business North Carolinas Power 100 in 2020. Our AFF flavor facility in Ireland is now providing a large number of flavors to our EMEA region, enabling better service levels and lower landed costs to our EMEA region. He and his wife have personally donated $170,000 to Trumps reelection campaign. When Trump visited North Carolina in 2018 for photo-ops with Hurricane Florence victims, Good participated in an event with him. What follows is a list of corporations whose political action committees and executives are major donors to Republicans in the swing states mentioned above. So we're as well placed as we have been in the past to satisfy demand. The company assumes no obligations to update any forward-looking statements, whether as a result of new information, future events. A billionaire duo led by Rodney Sacks has created Monster Beverage, an energy drink company that makes a variety of brands, from NOS to Relentless. 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. [Operator Instructions] Our first question comes from Dara Mohsenian from Morgan Stanley. (A full explanation of the methodology follows at the end of this story.) The market shares of the company's brands in Australia for the month ended April 10, 2022 decreased from 24.5% to 24%. He has put his money behind President Obama, California senators Dianne Feinstein and Barbara Boxer and many other Dems. NOS' sales decreased 12.8% and its market share decreased 0.4 of a point to 1.5%. 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. JSE-listed aviation company Comair [ JSE:COM] announced on Tuesday that Rodney Sacks, a long-standing non-executive director, has resigned with immediate effect. 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. Equinox Group (Florida)The Equinox Group owns Equinox Hotels, various Equinox clubs, SoulCycle, PURE Yoga, Blink, and other lifestyle fitness brands. Let me just deal with the first part of your question, Bonnie, and then we can obviously get Rodney's input on the rest. In South Korea, net sales increased 71.7% in dollars and 86.1% in local currency as compared to the same quarter in 2021. Company: Monster Beverage Corporation. The sales growth of the Monster brand exceeded that of Red Bull in the period. Or at least they have a range of political views similar to those of ordinary folks. Sales decreased over the same period in 2021, largely due to COVID-19 restrictions in Japan. And then turning to your second question about gas prices. 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? We are planning to introduce the Predator brand in several additional countries in APAC in the course of 2022. Rodney Sacks, Chairman and CEO, Monster Beverage Corporation Jeffrey Sachs' Pro-China Views Shaped COVID-19 Debate - National Review
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