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Hansen Natural 1Q Net Profit Rises 43 Percent |
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Thursday, 08 May 2008 |
SAN FRANCISCO: Hansen Natural Corp. late Wednesday reported first-quarter net earnings of $28.8 million, or 29 cents a share, up 43 percent 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 percent, from 51.6 percent 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.
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