FIZZ National Beverage Corporation

National Beverage Corp. (NASDAQ: FIZZ) today confirmed a triumphant first quarter of its Fiscal Year 2017.

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Jewel Chicago, IL (Photo: Business Wire)

“When does authenticity stop being a trait and become a stalwart description?” was the question posed to Nick A. Caporella, Chairman and Chief Executive Officer. “When absolute performance demands it,” was his answer!

(in millions except EPS)

For the first quarter ended July 30, 2016 -

      Op.   Net       Revenues Income Income EPS EBITDA * Cash   FY 2017 $ 217 $ 44 $ 29 $ 0.62 $ 47 $ 133   Growth 17 % 69 % 69 % 68 % 62 % 100 %

Over the past couple of years, National Beverage has indicated that the industry was evolving and the company was heavily engaged in a metamorphic transformation. Well, FY2016 and first quarter FY2017 definitely confirms this – leaving no doubt that National Beverage is leading this healthy revolution.

“Much is happening to us, for us and with us that point to and test our authenticity. From our founding through our last preview press release dated August 10, 2016, we have strived to be genuine and extremely straightforward in our views with our consumers and shareholders. When questioned about the value of our brands or our specific new course within the industry, we articulated with exceptional results,” emphasized Caporella.

“We coined the term ‘Innocent’ and placed it on our packages. We continue to develop and design as though we are stimulated directly by our consumers. We are generous and rewarding to our employees, consumers, community and shareholders because we want to be! We manage National Beverage like we own it, because we do. We work to provide such an exciting future as though we were the only shareholders of this wonderful enterprise, because we nearly are! We are the future of America because we offer better choices for better health. Our brands, LaCroix and Shasta Sparkling Water SDA (soft drink alternative), are improving lives while smartly stimulating consumer self-esteem. Additional capacity and expanding distribution are intensifying our future revenues.

“While some play Truth or Dare, we play . . . Authentic and Healthy,” concluded a proud Caporella.

National Beverage’s iconic brands are the genuine essence . . . of America.

“Patriotism” – If Only We Could Bottle It!

Fun, Flavor and Vitality . . . the National Beverage Way

National Beverage Corp. Consolidated Results for the Periods Ended July 30, 2016 and August 1, 2015       Balance Sheet Statistics Three Months Ended

July 30, 2016 vs. August 1, 2015

July 30, 2016

August 1, 2015

(in thousands, except per share amounts)     Cash Net Sales $ 217,108 $ 185,386 $132.6 million - Up 100% Net Income $ 28,995 $ 17,113 Working Capital $176.7 million - Up 57% Earnings Per Common Share Total Assets Basic $ .62 $ .37 $350.3 million - Up 30% Diluted $ .62 $ .37   Average Common Shares Outstanding Basic   46,556   46,397 Diluted   46,767   46,591     This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward- looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include fluctuations in costs, changes in consumer preferences and other items and risk factors described in the Company's Securities and Exchange Commission filings. The Company disclaims an obligation to update any such factors or to publicly announce the results of any revisions to any forward-looking statements contained herein to reflect future events or developments.  

*Although the Company reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"), management believes that the disclosure of EBITDA, a non-GAAP financial measure, may provide users with additional insights into the operating performance of the business. EBITDA (in millions) for the quarter ended July 30, 2016, of $47.1 is calculated by adding the following expenses back to Net Income: Depreciation and Amortization of $3.1; Net Interest Expense of $0; and Provision for Income Taxes of $15.1.

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National Beverage Corp.Grace Keene, 877-NBC-FIZZOffice of the Chairman