Hansen Natural Beats; Monster Energy Drink Sales Strong (HANS)

Hansen Natural Corporation HANS reports Q2 EPS of $0.69 versus estimates of $0.66. Hansen Natural Corporation reports Q2 revenues of $365.7 million versus estimates of $324.98 million. Revenues increased 20.1% year over year. Gross profit for Q2 2010 was 52.9 percent as compared with 53.9 percent for the comparable Q2 2009. Rodney C. Sacks, chairman and chief executive officer, attributed the record revenues to continued strong sales of Monster Energy(R) drinks. The Monster Energy(R) brand continues to gain market share, with sales increasing in excess of category growth. "We remain encouraged with the performance of the Monster Energy(R) brand, both in the United States and internationally," said Sacks. "During the second quarter we launched the Monster Energy(R) brand in Slovakia, Czech Republic and Norway. We are currently in the process of launching the brand in Germany, the United Arab Emirates, Lebanon and Jordan, with additional introductions anticipated for later in 2010. We have introduced and are also planning to introduce additional new products this year both domestically and internationally," Sacks added. Shares of HANS are bid higher in the after-hours trade.