Hansen Details Monster 2Q

October 24, 2007

1 Min Read
Hansen Details Monster 2Q

CORONA, Calif.Hansen Natural Corp. (NASDAQ:HANS) charted huge top and bottom line increases for its second quarter, including a 57-percent jump in net sales to $244.8 million and a 36-percent rise in net income to $38.3 million, or $0.39 per diluted share. Management attributed the gains to continued strong sales of Monster Energy® brand energy drinks, as well as certain new products such as Java Monster brand non-carbonated dairy based coffee drinks (introduced in April 2007) and Monster® M-80 energy drinks (introduced in March 2007).

The energy category continues to show strong growth over the prior year, and the Monster Energy brand continues to increase market share, said Rodney C. Sacks, chairman and CEO of Hansen (www.MonsterEnergy.com). Beating Wall Street estimates by a few cents per share, these 2Q results propelled HANS stock to a new 52-week high in mid-September, settling at $57.96; its 52-week low is $24.75, showing rapid movement in one year.

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