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Archive for November, 2008

Hansen Natural (HANS) Q3 Earnings Call Notes

November 6th, 2008 No comments

Press Release
-Revenue up 15.3% y/y to $285M vs. $283.6M est. EPS 54c vs. 53c est.
-Monster and Java Monster +17.1% y/y
-New distribution agreements to begin in November in United Kingdom and new Coke distributors. In beginning of 2009, will expand to France, Monaco, Belgium, Holland, Canada, and Luxembourg
-$3.93 net cash per share

Conference Call
-Blue collar workers are a large portion of their customer base
-Hopeful that lower gas prices will free up consumable income
-Monster brand continue grow in excess of their category
-Gaining share vs. Red Bull
-Apple juice, aluminum, and sugar lower raw material prices in the quarter
-Distributor termination agreements cash flow neutral as new ones pay for most of it
-Return of inventory in November and December from old distributors
-Believe energy category will rebound in 2009 as economy stabilizes

Q&A
-No knowledge of inventory levels of old distributors “Just don’t know”
-Don’t know what international mix be in the future
-At this stage, not looking at any price adjustments. Wait and see looking at costs
-Will resume share buyback in a couple days time. Will consider increasing buyback depending on the share price
-Safe-guards builtin to the distribution agreement. Certain limitations what Coke can distribute
-Think 2009 will be a very exciting year for the company
-Investor conference in NYC mid-December

Categories: News

Mary Meeker Web 2.0 Presentation

November 5th, 2008 No comments
Categories: News