May 20, 1994
Hansen Natural Corp., an Anaheim soda and juice company, reported a first-quarter profit of $66,897, or 1 cent a share, down 20% from the $83,897, or 1 cent a share, recorded for the 1993 first quarter. Revenue rose to nearly $6 million from $4.6 million. The company said the majority of revenue increase resulted from the new products in the third quarter of 1993 and first quarter of 1994.
May 10, 2006 |
Anheuser-Busch Cos., seeking to counter waning beer sales, agreed to distribute Monster Energy drink from Hansen Natural Corp. The world's largest brewer also will distribute Lost and Rumba energy drinks, Anheuser-Busch and Hansen said. Financial terms of the agreement were not disclosed. Shares of Corona, Calif.-based Hansen jumped $24.59 to $176.24. Anheuser-Busch rose $1.03 to $46.81.
July 29, 1994
Hansen Natural Corp. said Thursday that it is launching a new line of juice cocktails, lemonades and iced teas that will carry environmental, educational messages. The new Equator line will be aimed at younger consumers. Cans will feature a map of the world and pictures of endangered animals. Hansen, based in Anaheim, will distribute the new drink line in Southern California first.
May 15, 2007 |
Hansen Natural Corp., the Corona-based maker of Monster Energy drinks, said unintentional accounting errors related to stock option grants over a 5 1/2 -year period led to a $1-million understatement in compensation costs. The company said it found 12 improperly dated option grants, seven grants that were given at the opening price of Hansen's stock instead of the closing price, and two other grants that were wrongly accounted for.
May 28, 1993 |
Hansen Natural Corp. traces its lineage back to a small juice company that Hubert Hansen founded in Los Angeles in 1935. Despite the Great Depression, Hansen built a thriving, door-to-door juice business that eventually set up stands at several movie lots. In 1946, Hansen's Juices Inc. opened a production plant on Juanita Avenue in Los Angeles, where it remained for 47 years. Two months ago, the family-owned business consolidated operations at a new plant in Azusa.
November 1, 2006 |
Hansen Natural Corp., the Corona-based maker of Monster Energy drinks, on Tuesday joined the list of companies under investigation about option grant practices. Hansen said the Securities and Exchange Commission asked for documents on option grants to employees since 1996. The inquiry doesn't say any rules were violated, the company said in a statement. More than 150 companies have disclosed internal or federal probes into possible manipulation of option grants.