Shares in Hansen Natural Corp. dipped 3 percent Monday after the juice and soda maker said its sales for the quarter grew 40 percent but will still miss Wall Street estimates.

Hansen said first-quarter sales increased 38 percent to $190 million while gross profit as a percentage of net sales fell to 51 percent from 53 percent, mainly due to increases in production costs, freight costs and changes in product mix.

The Corona-based company added that it will miss analyst estimates with first-quarter sales, and added that it won’t post full results until it files delinquent quarterly statements related to an investigation into its past stock-options grants.

Shares in Hansen fell $1.10, or nearly 3 percent, to $38.23 in afternoon trading Monday on the Nasdaq.