You will not be able to attend the annual meeting in person, but during the virtual meeting, you may ask questions, and will be able to vote your shares electronically. Based on currently available information, we do not expect the COVID-19 pandemic to have a material impact on our liquidity. Red Bull's share increased 1.5 points to 34.9%, Rockstar's share was down 0.4 of a point to 5.2%, 5-Hour's share was lower by 1.1 points at 4.6%, and AMP's share decreased 0.1 of a point to 0.4%. In VPX's lawsuit against the company, returning to allegation that Reign infringes the Bang trade risk. Currently, we do not foresee a material impact on the ability of our co-packers to manufacture and our bottlers and distributors to distribute our products as a result of the COVID-19 pandemic. Our next question will come from Bill Chappell with SunTrust. We're also pleased that in the third quarter, Monster gained market share in Belgium, Denmark, Great Britain, Italy, Norway, Poland, Republic of Ireland, South Africa, Spain and Sweden. Indeed, a number of U.S. states have recently begun to partially reopen, and certain countries internationally are starting to do likewise. VPX Bang sales decreased 2%. Watt has made a lot of noise since he entered the NFL in 2017, and has quickly become the second player in his family to become a defensive star behind his brother, J.J. Watt. An explanation of the non-GAAP measure of gross sales and certain expenditures, which may be mentioned during the course of this call is provided in the notes and designated with asterisks in the condensed consolidated statements of income and other information attached to the earnings release dated November 5, 2020. 49h ago . Despite the obstacles of the COVID-19 pandemic, we are pleased with our performance for the quarter and for the nine-month period ended September 30, 2020. But the EMEA guys felt there was still a lot of runway. I guess, Rodney, as you mentioned some of the states are starting to reopen, what have you seen kind of from the core Monster consumer in a more restrictive state, like in New York or California, where we're expecting kind of manufacturing and construction to come back online sooner, that I would think would also kind of play more into your core consumer. Click above for the latest actions and information on the coronavirus. 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. Thank you. As I think we said on the last call, I think that the Red Bull has a very dedicated and focused distribution system and they -- I think stayed in the field and had focused much better than not only Coke, but Pepsi's and every -- all of the bigger companies. Please go ahead. Juice Monster Pipeline Punch was launched in Iceland, Malta and Norway in February 2020 and the Baltics, Denmark and Hungary in March 2020 and is now available in 20 markets across EMEA. Thank you for attending this call. Sales of Monster increased 88.8% to a 34.8% share, up 1.5 share points versus the same period a year ago. In January 2020, Monster Energy was launched by the Coca-Cola bottler in Israel. Currently, the company's flavor manufacturing facilities, its co-packers, warehouses, and shipment facilities and bottlers and distributors are all operating. Please go ahead. The MarketWatch News Department was not involved in the creation of this content. Coronaviruses have enveloped virions that measure approximately 120 nm in diameter. No. According to Pro Football Focus, Hudson has allowed just two sacks over the past four seasons, finishing with a pass blocking grade of 90.8. This includes myself. How much you gave, and we appreciate that. India followed up on the December 2019 Mango Loco launch and extended distribution nationally early in the first quarter before a national lockdown due to the COVID-19 pandemic, which took effect on March 25, 2020. They have a nucleocapsid of helical symmetry.The genome size of coronaviruses is about 26 to 32 kilobases, which is extraordinarily large for an RNA virus.They infect various kinds of mammals. Hey, good morning, everyone. Rodney Sacks-- Chairman and Chief Executive Officer Thank you, Tom. And we also seeing that energy drinks or an affordable luxury. With certain countries, particularly in EMEA, returning to lockdowns and other restrictions, consumer demand could be impacted and we are unsure of what impact this may have if any on our future performance. Good afternoon and hope all is well. Gross profit in this region. Hey, guys. In April, we began distribution of our new Monster Energy Dragon Tea, which is noncarbonated and which has received early positive feedback. I'm Rodney Sacks. I guess I just wanted to talk a bit about some of the cost controls that seem to have occurred in the quarter. In Canada, our Monster Energy portfolio was extended in January 2020 with the launch of Monster Ultra Paradise, Java Monster Swiss Chocolate, Monster Hydro Blue Ice, Monster Dragon Green Tea and Yerba Mate. We don't disclose those numbers. They can spread much like cold viruses. In the United States, we launched Reign Total Body Fuel, Lilikoi Lychee in August 2020 and in early October, we launched Ultra Watermelon, Juice Monster Papillon, and Juice Monster Khaotic to the retail trade. The company assumes no obligations to update any forward-looking statements, whether as a result of new information, future events or otherwise. Early in March 2020, we implemented global travel restrictions and work from home policies for employees who are able to work remotely. [Operator Instructions] And our first question will come from Andrea Teixeira with JPMorgan. While society watches athletes and artists on a screen during the COVID-19 pandemic, some proponents tout ‘normalcy’ as the moment live in-action play resumes again. Diluted earnings per share for the 2020 third quarter increased 19.6% to $0.65 from $0.55 in the third quarter of 2019. Red Bull sales increased 179% and its share was 15.8% up 1.2 points. And to address the Bang position, I think that you've seen the market shares of Bang over the past 12 months. During the 2020 first quarter in the United States, we launched a number of new exciting products, including a line of Reign, Inferno, Thermogenic Fuel, two new energy drinks in the Monster Ultra line, a line of Java Monster 300 and a line of Monster Hydro Super Sport as well as NOS Turbo. We are planning to launch Ultra Paradise into a further 14 markets in 2020 in EMEA. This will conclude our question-and-answer session. In the first quarter of 2020, net sales were $1.06 billion, up 12.3% from $946 million in the first quarter of 2019. According to Nielsen, for the four weeks ended April 25, 2020, the company's market share of the energy drink category in the convenience and gas channel, including energy shots in dollars, increased by 0.7% of a point over the same period the previous year to 41%. Reign Total Body Fuel was launched in Norway and Iceland in September and is now available in eight markets in EMEA. Red Bull's share increased 3.1 points to 36.4%, Rockstar share was down 1.5 points to 4.5%, 5-Hour share was lower by 0.5 of a point at 4.7%, and Amp share decreased 0.1 of a point to 0.4%. In conclusion, I would like to summarize some recent positive points; one, the company's priority has been and remains the health and safety of our employees, customers, consumers and our communities. According to the Nielsen reports for the 13 weeks through April 25, 2020, for all outlets combined, namely convenience, grocery, drug, mass merchandisers, sales in dollars in the energy drink category including energy shots, decreased by 1.2% versus the same period a year ago. Tom Kelly will now read our cautionary statement. As a percentage of net sales for the quarter was 39.5% compared to 39.3% in the same quarter in 2019. We launched Predator, our affordable energy brand, in the Czech Republic and Hungary in February 2020 Afghanistan and North Macedonia in March 2020. So we don't know how this will all turn out Dara, it's just too speculative for us to give you any real guidance, I mean, I just don't think anybody really knows. Defensive player of the week (Jan. 3): Denton Guyer DE Cooper Lanz Lanz blocked a field goal attempt in triple overtime of Guyer’s 30-24 win over Prosper. Guru's sales increased 75%, and its share increased 1.5 share points to 3.7%. Sales of Red Bull increased 19.4%, sales of Rockstar decreased by 10.4%, sales of 5-Hour decreased 1.9%, and sales of Amp decreased 11.1%. Use features like bookmarks, note taking and highlighting while reading Kiss: Zombies #2. Shao Ping Guan, head of the China Equity team and lead portfolio manager of Goldman Sachs Asset Management’s China Equity strategies, shared his thoughts on the country’s recovery and the resilience of its equity markets. So how much has traditional channels and convenience and gas impacted the 20.8% effect neutral decline globally in April? Vault sales increased 0.4% and its market share increased 0.8 of a share point to 18.5%, while Boost sales decreased 13.5% and its market share decreased 0.7 of a point to 6.2%. While our performance in EMEA was solid in the third quarter, EMEA remained adversely affected by the COVID-19 pandemic. Sales of the company's energy drink brands increased 19.7% versus a year ago, the market share of the company's energy drink brands was 39.7%, up 1.3 points. 5-Hour sales increased 34.1%, and its share decreased 2.4 points to 6.9%. So I think we're not going to go back to where we were before, we're going to go back to somewhere, that's kind of in the middle of where we were and where we are now. Sales of Monster decreased by 16.9% over the same period versus the previous year. We are working closely with our China team to follow the rules implemented by local authorities, and we have reopened our office in China. However, the Raiders do have at least one elite, blue-chip player on the roster; center Rodney Hudson. Coca-Cola Energy sales decreased 46.9% and its market share decreased 0.5 of a point to 0.6%. The impact of the COVID-19 pandemic on our net and gross sales for the 2020 first quarter was not material. So Andrea, maybe I should deal with that question. Monster shipments and distribution in the first quarter in China were negatively affected by the lockdowns due to the COVID-19 pandemic. So what happened and we can go through the history on that, but what happened was that bottlers decreased inventories and we spoke about that, and then there comes a time when they have to order to get the inventories back to where they should be bearing in mind the depletion. A coronavirus is a type of common virus that can infect your nose, sinuses, or upper throat. Etymology. We're optimistic for improvement once the COVID-19 pandemic subsides. The genome consists of a single strand of positive-sense RNA (ribonucleic acid). According to IRI in New Zealand, Monster's market share in value for the four weeks ended March 15, 2020, increased from 7.7% to 9.7% as compared to the same period the previous year. Please go ahead. According to Nielsen, in South Korea, Monster's market share in value in all outlets combined for the month ending February 2020, grew from 42.5% to 51.3% as compared to the same period in the previous year. So that's the issue from the U.S. and from EMEA, and I hope that answered your question. But we do think that the Rockstar brand has some challenges, and we think that we're in a strong position to address that. According to IRI in New Zealand, Monster's market share in value for the four weeks ended October 11, 2020 increased from 8.4% to 11.5% as compared to the same period the previous year. Thank you very much for your attendance. Thank you very much for your attendance. According to Nielsen, in the convenience and gas channel in Canada for the 12 weeks ended March 28, 2020, the energy drink category increased 3% in dollars. Rodney, I'm very glad to hear that of your recovered from COVID so keep safe. Sales of the company's Energy brands including Reign were up 7.7% in the 13-week period. Editors' Picks. So what do you think is really contributing to their outperformance and how do you think that sustains if it does, as we go into next year, as they in particular have to lap that and you guys have to lap easier comparison? Let me begin by stating that our thoughts and prayers are with all who have been impacted by the COVID-19 pandemic. Juice Monster Mango Loco was launched in Namibia in July 2020 and Mozambique and Mayotte in August 2020 and is now available in 38 markets across EMEA. During the 2020 third quarter, no shares were repurchased under the previously authorized repurchase program. While our e-commerce, club store, mass merchandiser and grocery and related business remain stable. Red Bull's sales increased 130.2%, and its share remained at 16%. Red Bull sales increased 22.6% and its market share increased 2.1 points to 38.8%. Market data powered by FactSet and Web Financial Group. I would like to turn the conference back over to Mr. Rodney Sacks and Mr. Hilton Schlosberg. So we don't give guidance, but I think it's as one reflects on the year, we could see a change in patterns in our spending. And our next question will come from Mark Astrachan with Stifel. Sales of the Monster brand in Oceania increased 54.7% in dollars and 50.3% in local currency as compared to the same quarter in 2019. Get Monster Beverage Corp (MNST:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. Sales of the company's brands in New Zealand for the four weeks ended March 15, 2020, and increased from 23.2% to 23.7%. VPX Bang share decreased 1.1 points to 7.5%. I'll take that. Hilton Schlosberg, our Vice Chairman and President, is on the call, as is Tom Kelly, our Executive Vice President of Finance. And in Brazil, we launched our noncarbonated Monster Energy Dragon Tea Lemon Tea during March 2020. Monster Beverage Corp (NASDAQ:MNST)Q1 2020 Earnings CallMay 7, 2020, 5:00 p.m. Our only update since our last earnings call is in relation to the lawsuit against VPX, over its intention to launch its own line of Reign branded energy drinks in 16-ounce cans to be sold in convenience stores. Rodney Sacks. We don't disclose those numbers, but that market is becoming a very big market for us. Mother's market share in value decreased from 13.4% to 13.2% during the same period. Let me begin by stating that our thoughts and prayers are with all of those, who have been impacted by the COVID-19 … But honestly, Bill, we shouldn't conjecture on what they may or may not do. This was due to timing of shipments and our retail market share and depletions remain strong. So we didn't see declines in that part of the business. So we are gearing up with a -- what we're calling our Street Team. And we're just saying, we feel that when you look at the weekly numbers Hilton referred to earlier, you can see that there seems to be a trend that those numbers are improving on a weekly basis. Five, we are pleased with our growth and performance, both domestically and internationally during the first quarter. Dara Mohsenian -- Morgan Stanley -- Analyst. I think that the short-term will be disruptive, and we've got plans both for the short-term and for the long term. So you guys are very fortunate. I think what we do know is that there are substantial channels, which is from the convenience channel to larger packages and take home packages. ... 11. So in EMEA, they didn't see the same degree of stock reduction by the bottlers distributors. Consequently, such activities could have a significant impact on the monthly Nielsen statistics for Mexico. In the third quarter of 2020, net sales were $1.25 billion as compared with $1.13 billion in the third quarter of 2019. So at the end of the day, I don't think there's going to be much change. Thank you very much for taking my question. The market share of the company's brands in New Zealand for the four weeks ended October 11, 2020 increased from 22.2% to 24.9%. Monster Energy Cares, our philanthropic arm, is actively engaged in a number of philanthropic efforts, including donating products to individuals working on the front lines, such as first responders, healthcare workers, hospitals and the national guard. In Latin America, including Mexico and the Caribbean, net sales in the third quarter increased 6.1% in dollars and 31.9% in local currencies over the same period in 2019. But beginning in late March, early April, we have seen an increase in shipments and depletions. Red Bull's sales increased 3% and its market share decreased 0.3 of a point to 35.1%. We've had good momentum and we've got good innovation. Monster Beverage Corp (NASDAQ:MNST)Q3 2020 Earnings CallNov 5, 2020, 5:00 p.m. Adjusting for foreign currency movements, net sales for the 2020 third quarter would have been up 11.1%. This two-way force for the Blue Gators collected 28 tackles, 11.5 sacks, 12.5 stops for losses, one pick, four blocked punts and five pass breakups this … Maybe talk a bit about how to think about selling and G&A expenses in terms of some of was some of this just response to what you had seen in end of quarter? So how this is -- this mix is all going to pan out at the end of the day, we really -- I think it's just speculative for us to anticipate. We hope that you will stay safe and healthy. Reign's share was 4.9% and Rockstar's share was 3%. Please go ahead. And I think that's a very positive factor as well. Monster Ultra Paradise was launched in Germany and the Netherlands in March; and in Belgium, Italy and Norway in April and is now available in eight EMEA markets. And in April, and if you look at April sales week by week, our sales have improved week by week. In Brazil, from 26.1% to 33.3%. In addition, certain globally supplied ingredients sourced from third-party manufacturers in Wuhan and other parts of China have recommended shipping to our network of co-packers. Guru's sales increased 37.2% and its share increased 0.5 of the share point to 3.4%. However, when we ‘see’ these athletes, are we truly seeing them? In addition, we are not experiencing significant raw material or finished product shortages and our supply chain remains intact. We believe that we will be able to navigate through the challenges ahead as a result of the COVID-19 pandemic and hope that this unfortunate situation will resolve itself in the not-too-distant future. Sales of the Monster brand increased 18.5% in dollars and 24.3% in local currency as compared to the same quarter in 2019. Sales of the company's Energy brands, which include Reign increased 7.3% in the four-week period in the convenience and gas channel. We've been spending a lot more on social media, which we believe is very important, particularly in this market that we are in, and we'll continue to spend in the markets as we deem appropriate. From the beginning of the COVID-19 pandemic, our top priority has been the health, safety and well-being of our employees. Monster's market share decreased 0.5 of a point to 33.9%. Net sales in Chile decreased 16.8% in dollars and 3.2% in local currency in the quarter. Rodney C. Sacks -- Chairman and Chief Executive Officer. (AP) — The Indiana Hoosiers have beefed up their offensive and defensive lines with the addition of transfers Ryder Anderson and Zach Carpenter, who will both be eligible this fall.Anderson, a 6-foot-6, 275-pound defensive lineman, recorded 99 career tackles and 6 1/2 career sacks at Mississippi. Energy drinks are booming, and Rodney Sacks’ company is chugging profits. We are planning to launch Ultra Paradise in both Japan and South Korea later this year. Since the launch of Monster Energy in Argentina in the first quarter of 2018, Monster Energy is now the leading energy brand in value in both Argentina and Chile. Operating expenses for the 2020 third quarter were $277.9 million compared to $277.6 million in the 2019 third quarter. Gross profit in this region, as a percentage of net sales was 43.2% versus 40.5% over the same period in 2019. Java Monster share on its own for the four weeks ended April 25, 2020, was 49.5%, up 2.5 points, while Starbucks energy share was 44.6%, up 0.9 of a point. And so my color is and I don't give guidance, we never give guidance, but if I think about the category and the category growth that has been sustained in this time of COVID, you can enjoy your own conclusions, but that's the kind of color that I've been thinking off. It generally causes asymptomatic infection, but can cause mild diarrhea. According to Nielsen, in the 13-week period ended March 29, 2020, Monster's retail market share in value as compared to the same period the previous year grew from 18% to 20% in Italy. In November and December, as again, we don't give guidance, but we don't know what the impact of the lockdowns are going to be, but we've got some sense for what happened earlier this year. We are planning to launch two flavors of Espresso Monster into a further two markets in 2020. Reign's sales increased 27.4%. Covering the impact of coronavirus on the sports world . On behalf of Monster, I'd like to thank everyone for their continued interest in the company. Some of this because you didn't have NASCAR recurring and selling expenses, why was G&A up a little bit less than we've seen. The lower percentage increase in net income was primarily due to our higher effective tax rate in the quarter compared to the same quarter in 2019, primarily attributable to a decrease in the equity compensation deduction. Sales of the company's brands in Australia for the month ending March 2020 increased from 22.3% to 23.4%. According to Nielsen, for the four weeks ended April 25, 2020, sales of coffee plus energy drinks, which primarily includes Java Monster, in dollars, in the convenience and gas channel decreased 13.3% and over the same period the previous year. So I think what you're seeing in and I'm only talking the U.S., and I'll talk about EMEA, which is our next biggest market in a while.
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