SAN FRANCISCO (Thomson Financial) - Hansen Natural Corp. late Wednesday
reported first-quarter net earnings of $28.8
million, or 29 cents a share, up 43% from $20.2 million, or 21 cents a share,
during the year-ago quarter.
The Corona, Calif.-based beverage company posted revenue for the three
months ended March 31 of $212.2 million versus $165.9 million a year ago.
Adjusted sales were $244 million compared with $190.1 million.
The mean estimate of analysts polled by Thomson Reuters was a per-share
profit of 35 cents on revenue of $220.7 million.
Gross profit as a percentage of net sales decreased to 49.4%, from 51.6%
last year, largely as a result of product mix, increased costs of chain
marketing agreements and increases in certain raw material costs, mainly in the
warehouse division, the company said.
Hansen Natural shares closed the regular session up 27 cent at $35.60.
Katherine Hunt
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