Hansen Natural Corp. Reports Drop In Fourth Quarter Net Income

Hansen Natural Corp. has reported a net income of $49.13 million, or $0.53 per diluted share, for the fourth quarter ended Dec. 31, 2010, compared to $53.36 million, or $0.57 per diluted share, for the fourth quarter ended December 31, 2009.

Net sales for the fourth quarter of 2010 were $318.66 million, compared to $290.91 million for the same quarter of 2009.

Net income for the year ended Dec. 31, 2010 was $212.03 million, or $2.28 per diluted share, compared to $208.72 million, or $2.21 per diluted share, for the year ended December 31, 2009.

Net sales for the year 2010 were $1.3 billion, compared to $1.14 billion for the year 2009.

Rodney Sacks, chairman and CEO of Hansen Natural, said in a prepared statement: "During the fourth quarter, we continued to invest in our Monster Energy brand, both domestically and overseas. In the US, we also launched Monster Energy M3 Super Concentrate, which is packaged in 5-oz glass bottles and Worx Energy energy shots, which is packaged in 2-oz PET plastic bottles. The launch of Worx Energy energy shots is being supported with traditional television advertising."

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