Monster Beverage Corp MNST
Q4 2012 Earnings Call Transcript

Transcript Call Date 02/27/2013

Operator: Good day, ladies and gentlemen and welcome to the Monster Beverage Corporation Fourth Quarter and Year End 2012 Financial Results Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct the question-and-answer session and instructions will follow at that time. As a reminder, today's conference is being recorded.

I would now like to introduce your host for today's conference Rodney Sacks, Chairman and CEO. Sir, you may begin.

Rodney C. Sacks - CEO: Good afternoon, ladies and gentlemen. Thank you for attending this call. I'm Rodney Sacks; Hilton Schlosberg, our Vice Chairman and President is with me today, as is Tom Kelly, our Senior Vice President of Finance.

Before we begin, I'd 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 which are based on currently available information regarding the expectations of management with respect to revenues, profitability, future business, future events, financial performance and trends.

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.

Please refer to our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K filed on February 29, 2012, and our most recent quarterly reports on Form 10-Q filed on November 9, 2012, including the sections contained therein entitled Risk Factors and Forward-Looking Statements, for a discussion on specific risks and uncertainties that may affect our performance. The Company assumes no obligation to update any forward-looking statements whether as a result of new information, future events, or otherwise.

An explanation of the non-GAAP measures of gross sales and certain expenditures, which may be mentioned during the course of this call is provided in the notes designated with asterisks in the condensed consolidated statements of income and other information attached to the earnings release dated February 27, 2012. A copy of this information is also available on our website at in the Financial Information section.

Once again we reiterate that our products are safe based on both our and the industries long track record and the scientific evidence supporting the safety of our ingredients. We estimate that about 50 billion cans of energy drinks have been sold and safely consumed worldwide over the past 25 years, including more than 8 billion Monster Energy drinks over the past 11 years. Based on a third-party report it is estimated that Red Bull sold more than 5 billion cans of energy drinks in 165 countries in 2012. In 2012 we sold some 2 billion plus cans of Monster Energy drinks in approximately 90 countries.

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