Hansen Natural Beats on Top and Bottom Lines (HANS)
Hansen Natural Corporation (HANS) reports Q3 earnings of $0.72 versus consensus of $0.71. Hansen Natural Corporation reports revenues of $381.5 million versus consensus of $360.88 million.
Rodney C. Sacks, chairman and chief executive officer, attributed the record revenues to solid sales of Monster Energy(R) drinks. The Monster Energy(R) brand continues to gain market share, with sales increasing in excess of category growth. "During the third quarter, we launched Monster Absolutely Zero(TM) and Monster Import Light(TM) to address increased consumer demand for lower and zero calorie beverages," Sacks said.
"We continued to make progress on the international front during the third quarter and launched the Monster Energy(R) brand in Germany, Europe's second largest energy drink market, and also in the United Arab Emirates, Lebanon, Jordan and Tahiti. We are in the process of launching the Monster Energy(R) brand in Switzerland, Austria and Iceland and are planning to launch Monster Energy(R) in Bulgaria before the end of the year," he added.
Shares of HANS are lower in the after-hours by 2.19%.
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