Gross sales for the 2010 second quarter increased 20.1% to $415.3m from $345.8m in the same period last year. Net sales for the three months ended 30 June 2010 increased 21.8% to $365.7m from $300.2m a year ago.
Gross profit, as a percentage of net sales, for the 2010 second quarter was 52.9%, compared with 53.9% for the comparable 2009 second quarter. Operating expenses for the 2010 second quarter increased to $83.7m from $69.0m in the same quarter last year.
Distribution costs as a percentage of net sales were 4.3% for the 2010 second quarter, compared with 4.2% in the same quarter last year.
Selling expenses as a percentage of net sales were 10.4% for the 2010 second quarter, compared with 11.2% in the same quarter a year ago.
General and administrative expenses for the 2010 second quarter were $29.6m, compared with $22.9m for the corresponding quarter last year. Stock-based compensation (a non-cash item) was $3.5m in the second quarter of 2010, compared with $3.7m for the same period in 2009.
Operating income for the 2010 second quarter increased 18.2% to $109.7m from $92.8m in the 2009 comparable quarter.
Read the full Hansen’s financial statement at this link.
Source: Hansen Natural Corporation
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