1、TO OUR STOCKHOLDERS I am pleased to report that 2021 represented our 29th consecutive record year of increased net sales.Despite the COVID-19 pandemic,net sales rose to$5.5 billion in 2021 from$4.6 billion in 2020.These unprecedented times continue to present unique and different challenges to all o
2、f us.Our deepest sympathies go out to all those who have been affected by the COVID-19 pandemic.Our top priority remains the health,safety and wellbeing of our employees,customers,consumers and our communities.We are continuing to monitor and reassess our business operations in accordance with guida
3、nce from public health authorities and other professionals.Monster Energy Cares,our philanthropic arm,continues to be actively engaged in a number of philanthropic efforts including efforts related to the COVID-19 pandemic globally.Our production and distribution activities have remained in operatio
4、n and our products remain available for sale at retail establishments.We continue to address certain supply chain challenges that have arisen,and plan for those that could arise in the future.We are continuing to work with our suppliers,co-packers,bottlers and distributors to ensure our products are
5、 produced and available for sale to our consumers.We have continued to innovate in the energy drink category throughout the extended period of the COVID-19 pandemic.In 2021,we launched a number of new beverages in the United States,as well as in our international markets.Despite the COVID-19 pandemi
6、c,we accelerated our innovation pipeline including the development and launch of our new True North Pure Energy Seltzer brand,that is positioned differently from our existing portfolio of energy drinks.We are also excited by our recent acquisition of CANarchy Craft Brewery Collective,LLC,a craft bee