Hansen said profit in the third quarter rose 15% as Monster sales continued to grow despite an increasingly shaking economy and slowing consumer spending. Sales rose to $285 million from $247.2 million as sales of Monster and Java Monster drinks saw 17% growth.
Hansen Natural Corp posted a higher quarterly profit, but failed to match Wall Street sales growth expectations, sending its market value down by a little under a quarter.
http://news.moneycentral.msn.com/printarticle.aspx?feed=AP&date=20071019&id=7663019
Goldman Sachs downgraded its rating for Hansen Natural Corporation and removed the stock from its preferred portfolio list. Hansen has a good fundamental outlook, however the stock is considered to be expensive for a consumer/retail stock. This resulted in a decline in the Hansen stock in the pre-market trading.
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