June 30, 2007 |
The U.S. 9th Circuit Court of Appeals on Friday reversed a preliminary injunction that had prevented National Beverage Corp. from selling its Freek energy drinks, dealing a blow to rival Hansen Natural Corp. of Corona. The court said Hansen's popular Monster energy drinks were distinguishable from the Freek brand and others on the market, and therefore consumer confusion was unlikely. A district court had earlier issued a tentative ruling in favor of Hansen, preventing Ft. Lauderdale, Fla.
August 8, 2006 |
Shares of Hansen Natural Corp. sank Monday, after the drink maker reported a second-quarter profit that met but did not exceed analysts' expectations. Hansen's shares fell $10.40 to $29.85, its biggest drop in 10 years. The stock has traded in a 52-week range between $9.89 and $52.72. The company posted profit of $28.2 million, or 28 cents a share, up from $15.2 million, or 16 cents, a year earlier. Sales for the quarter rose 82.6% to $156 million, beating Wall Street expectations of $152.
October 7, 2008 |
Coca-Cola Co. agreed to distribute Hansen Natural Corp.'s Monster -- the bestselling energy drink in the U.S. -- in Europe, Canada and some U.S. states. Coca-Cola will expand Monster internationally and boost sales of the drink beyond the more than a quarter of the U.S. energy drink market Hansen already controls. The deal also widens Coca-Cola's lead over PepsiCo Inc. in energy drink sales.
April 30, 2012 |
Coca-Cola Co. said it is not in talks to acquire Corona-based energy drinks maker Monster Beverage Corp., despite rumors to the contrary that caused Monster's stock to spike on Monday. A Wall Street Journal story that said Coca-Cola had its eye on buying Monster caused shares of the smaller company, which have nearly doubled in the last 52 weeks, to spike more than 27% from Friday's $65.53 close to $83.31 around noon in New York. But Monday afternoon, Coca-Cola issued a statement denying the report.
November 13, 1996 |
Foundation Health Corp. said fiscal first-quarter net income fell 10% as rising medical costs offset increasing enrollment in its health plans. The Rancho Cordova-based operator of managed-care plans said net income fell to $35.8 million, or 61 cents a share, from a profit from continuing operations of $39.7 million, or 69 cents, in the year-earlier period. Revenue rose 43%, to $1.03 billion from $724.0 million.
June 1, 1993 |
The head of Hansen Natural Corp. couldn't be happier with the fact that competitors' "New Age" beverages are flooding the nation's markets. In the advertising blitzes for Snapple, Crystal Pepsi and Coca-Cola's Nordic Mist, Hansen Chairman Rodney Sacks sees a sparkling opportunity: a sharper consumer focus on all New Age drinks, including Hansen's Natural sodas.
January 3, 2006 |
Chris Reed sits back in his cluttered office, his graying hair in a ponytail, wearing a green-and-yellow T-shirt bearing the name of the beverage company he started 15 years ago and now wants to take public. Around him are his products: ginger ale, lemon guava ginger brew and some sidelines, such as ginger ice cream and crystallized ginger candy. "I'm a ginger freak," he says. Reed, 47, is hoping his loyal customers are as enthusiastic about the prospects of Reed's Inc.
November 12, 2005 |
In the pumped-up market for energy drinks, a small Corona company has created a monster. Hansen Natural Corp., once an obscure seller of fruit juices and sodas, is growing at a furious pace thanks to its Monster Energy line of beverages. It has been a welcome jolt for Hansen's investors and has spawned multimillion-dollar stock gains for its top two executives.
November 9, 1998 |
MicroCap Financial Services Inc. wants to become the source for information on a group of companies you've probably never heard of. The Santa Monica company's Web site (http://www.microcap1000.com) offers information on some of the smallest but fastest-growing publicly traded companies in America. "Micro-caps," which the site defines as companies with market capitalization of $25 million to $400 million, can provide stellar returns.