Hansen Shares Dip After Partial Report

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Hansen Natural Corp. reported fourth-quarter and year-end sales but not earnings on Tuesday, saying it had to wait for an internal stock options probe to be completed in order to fully report financial results.


The Corona-based drink maker reported fourth-quarter sales of $151 million, a 54 percent surge from $98 million from the same period a year earlier.


The company credited strong sales of its Monster energy drinks, as well as expanded distribution of Unbound energy drinks and Rumba energy juice. Wall Street predicted sales of $149 million, according to a poll by Thompson Financial.


The company also credited increased sales volume of teas, lemonades and juice cocktails as well as Junior Juice children’s drinks for the boost in sales.


Annual sales were also up big, more than 74 percent, to $605 million, beating analysts’ expectations of $603 million.


Hansen said it is still completing a review of its stock options granting practices and said it will file its third-quarter and full-year results as soon as “practicable” after its internal probe is complete.


Shares in Hansen were down 2.5 percent (94 cents) to $36 in afternoon trading Tuesday.

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