National Beverage Corp. Confirms Predicted Historic First Quarter
August 24 2016 - 9:30AM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today confirmed a
triumphant first quarter of its Fiscal Year 2017.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20160824005658/en/
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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version on businesswire.com: http://www.businesswire.com/news/home/20160824005658/en/
National Beverage Corp.Grace Keene, 877-NBC-FIZZOffice of the
Chairman
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