US: Hansen Natural continues healthy 2009 in Q3
Hansen Natural has reported another quarter of rising profits and sales.
The US-based company, which owns the Monster Energy soft drink brand, said yesterday (5 November) that net profits for the three months to the end of September increased by 7.8% year-on-year to US$56.5m. The profit lift came on the back of an 8.1% climb in sales, to $307.9m.
Operating profits in the quarter were $92.9m, a rise of 13.6% on the same quarter of 2008.
The company credited the strong performance to "sustained" healthy sales of Monster Energy.
"We are encouraged by the positive sales numbers reported by Nielsen for the five weeks ended September 26, 2009, which reflect that energy drink sales both in the important convenience and gas channel as well as the grocery channel, on a year-on-year comparable basis, grew for the first time since March 2009," said chairman and CEO, Rodney Sacks.
For the first nine months of 2009, net profits increased by 18.2% to $155.4m, as sales were up by 9.4% to $852.4m. Operating profits for the year so far are riding 24% higher than a year ago, at $251.5m.
For Hansen's full statement, click here.
For the company's H1 results, click here.
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