{"id":1493568,"date":"2024-10-02T20:40:00","date_gmt":"2024-10-03T00:40:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1493568"},"modified":"2024-10-02T20:40:00","modified_gmt":"2024-10-03T00:40:00","slug":"wings-clipped-red-bull-owners-get-lowest-payout-in-four-years-as-sales-stumble-competition-grows","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/wings-clipped-red-bull-owners-get-lowest-payout-in-four-years-as-sales-stumble-competition-grows\/1493568\/","title":{"rendered":"Wings Clipped: Red Bull Owners Get Lowest Payout In Four Years As Sales Stumble, Competition Grows"},"content":{"rendered":"

Wings Clipped: Red Bull Owners Get Lowest Payout In Four Years As Sales Stumble, Competition Grows<\/span><\/p>\n

\n

Red Bull’s owners have seen their ‘wings’ clipped a bit, as the energy drink maker distributed its “lowest payout in four years” to owners this year, according to a new report from Bloomberg<\/a>.\u00a0<\/p>\n

Its two groups of shareholders,\u00a0Mark Mateschitz\u00a0and the Yoovidhya family in Thailand, were\u00a0distributed \u20ac810 million ($897 million) in dividends and related payments, according to the report.\u00a0<\/p>\n

Bloomberg reports that<\/a> Red Bull’s net sales grew 9% in 2023 to \u20ac10.6 billion, but rising costs limited net income growth to just 3.1%, reaching \u20ac1.7 billion, according to the company\u2019s Austrian filings.<\/p>\n

This marked a slowdown from the 20%+ sales growth seen in each of the previous two years.<\/p>\n

<\/a><\/p>\n

The report comes during the first full year since Red Bull founder Dietrich Mateschitz passed away, with his son Mark now holding the family\u2019s 49% stake. For the first time since 2018, the Mateschitz family won\u2019t receive a bonus payment, as stated in a recent shareholder resolution.<\/strong><\/p>\n

Red Bull typically distributes a pro-rata dividend to all shareholders along with additional payments. Chalerm Yoovidhya, who holds a 2% individual stake, has received \u20ac3.2 million annually since 2020, including for 2023.<\/p>\n

Red Bull maintains a no-debt policy and is highly secretive about its operations, making corporate filings one of the few glimpses into its financials.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 10\/02\/2024 – 16:40<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/wings-clipped-red-bull-owners-get-lowest-payout-four-years-sales-stumble-competition-grows<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Wings Clipped: Red Bull Owners Get Lowest Payout In Four Years As Sales Stumble, Competition Grows Red Bull’s owners have seen their ‘wings’ clipped a…<\/p>\n","protected":false},"author":0,"featured_media":1493569,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1493568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1493568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1493568"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1493568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1493569"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1493568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1493568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1493568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}