Gross sales for the 2009 third quarter increased 9.2% to $355.0m from $325.2m in the same period last year. Net sales for the three-months ended 30 September 2009 increased 8.1% to $307.9m from $285m a year ago.
Gross profit, as a percentage of net sales, for the 2009 third quarter was 53.6%, compared with 52.4% for the comparable 2008 quarter. Operating expenses for the 2009 third quarter increased to $72.1m from $67.6m in the same quarter last year.
Distribution costs as a percentage of net sales were 4.3% for the 2009 third quarter, compared with 5.5% in the same quarter last year.
Selling expenses as a percentage of net sales for the 2009 third quarter were 12.5%, compared with 11.1% in the same quarter a year ago.
Operating income for the 2009 third quarter increased 13.6% to $92.9m from $81.8m in the comparable 2008 quarter.
Net income for the 2009 third quarter increased 7.8% to $56.5m, or $0.60 per diluted share, compared with $52.4m, or $0.54 per diluted share in the same quarter last year.
Rodney C Sacks, chairman and CEO, attributed the record revenues to sustained strong sales of Monster Energy drinks, which continue to grow in excess of the category and achieve further gains in market share.
“We’re encouraged by the positive sales numbers reported by Nielsen for the five weeks ended 26 September 2009, which reflect that energy drink sales both in the important convenience and gas channel as well as the grocery channel, on a year-on-year comparable basis, grew for the first time since March 2009,” said Sacks.
Source: Hansen Natural
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