Hansen Natural: Long-Term Stability Overrides Short-Term Fluctuations

On May 7, Hansen Natural (HANS) reported its 1Q 2008 results (see conference call transcript):

• Gross sales up 28.4% to $244 million from $190.1 million in 1Q 2007
• Net sales up 27.9% to $212.2 million from $165.9 million in 1Q 2007
• Cost of sales $107.46 million from $80.22 million in 1Q 2007
• Gross profit margin 49.4% from 51.6% in 1Q 2007
• Operating income up 34.2% to $42.8 million from $31.9 million in 1Q 2007
• Net income up 42.6% to $28.8 million ($0.29 per share) from $20.2 million ($0.21 per share) in 1Q 2007
• Profit margin 13.58% from 12.18% in 1Q 2007
• Diluted share count 99,007,000
• Cash and short-term investments $159.11 million