National Beverage Corp. Rebukes Maxim Report
May 04 2017 - 2:10PM
Business Wire
Maxim Group this morning released a report that National
Beverage Corp. (NASDAQ: FIZZ) believes contains self-serving,
misguided valuation and flawed analysis. For the benefit of
long-term shareholders, the Company proudly releases the following
information for its just completed FY 2017:
- Revenue of $826 million, up 17% from FY
2016
- Net Income of $106 million, up 73%
- EPS of $2.27, up 73%
- EBITDA* of $174 million, up 66%
“Additionally, Maxim also failed to state that if the current
administration’s tax proposals are enacted, EPS would increase from
$2.27 to $2.94,” stated Chairman and Chief Executive Officer, Nick
A. Caporella. “I am certain Maxim’s ultimate goal is to create
havoc and deliberately misguide investors in order to profit from a
short position,” Caporella asserted.
“National Beverage is unique – I want to assist those who write
about LaCroix and Shasta SDA (soft drink alternative) future growth
prospects and ultimate value, while still maintaining our edge or
pathways to our fabulous growth probabilities:
VPO – VPC
Dynamics
National Beverage employs methods that no
other company does in this area – VPO (velocity per outlet) and VPC
(velocity per capita). We utilize two proprietary techniques to
magnify these measures and this creates growth never before thought
possible. Unique to National Beverage is creating velocity per
capita through proven velocity predictors. Retailers are amazed by
these methods and find before and after changes so dynamic that
they demand we afford them the use of these methods as frequently
as possible.
Shelf Demographics and
Marketing
Putting the very same products from top to
bottom on each and every shelf across our nation is a bad practice
and assumes that every unit has exactly the same consumers each and
every visit. This is a sure fire failure for the retailer, the
consumer and the supplier. So we never do that! But, in all candor
. . . most everyone else does. A big edge relative to innovation
gives National Beverage a gigantic advantage here.
Protocols – Programming
and Shelf Marketing
Our consumer is so loyal (a cult) that they
determine how we conduct business across the entire spectrum of
company and geography. We insist that our consumer is satisfied
with the lineup of SKUs and what kind of promotional activities we
engage in. This is rewarded by volume increases and which SKU is
specifically promoted. The result is our retail partner is assured
sales and healthy margins.
ACV – Household
Penetration
Health Insurance – Sugar Tax (7 major
cities)
There is data that states that sugar is the
tobacco of the 70’s and 14% of the population of Mexico is
diabetic.
When one reads that 94% of American
households buy some CSDs – the fact that more households will stop
or convert to healthier beverages is a dynamic fact of truth.
Shasta SDA has great potential as the cola
category is so very large. When one considers that choices to have
a refreshing great-tasting beverage are not plentiful – LaCroix and
Shasta SDA are innocent, easily accessible, great choices.
Take a look at other articles written about National Beverage:
LaCroix Makes National Beverage a Safe Investment
https://seekingalpha.com/article/4067831-la-croix-makes-national-beverage-safe-investment;
National Beverage Corp.: Trading at a Justified Premium
https://seekingalpha.com/article/4066848-national-beverage-corp-trading-justified-premium;
National Beverage - How High Is Too High?
https://seekingalpha.com/article/4059856-national-beverage-high-high;
New Castle Equity Research updates National Beverage Corp Price
Target
http://www.valuewalk.com/2017/03/national-beverage-fizz-lacroix/;
Philly Soda Tax Is A Win For National Beverage Corp.
https://seekingalpha.com/article/4049325-philly-soda-tax-win-national-beverage-corp.
These professionals invested their reputations researching the
company to provide more credible and unbiased value analyses,”
Caporella concluded.
FIZZ IS – HEALTHY SPARKLING, ALL-WAYS!
National Beverage’s iconic brands are the
genuine essence . . . of America
“Patriotism” – If Only We Could Bottle It!
This press release includes forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements involve risks, uncertainties and
other factors described in the Company's SEC filings which may
cause actual results or achievements to differ from the results or
achievements expressed or implied by such statements. The Company
disclaims an obligation to update or announce revisions to any
forward-looking statements.
*Although the Company reports financial results in accordance
with accounting principles generally accepted in the United States
("GAAP"), management believes that disclosure of EBITDA, a non-GAAP
financial measure, may provide users with additional insights into
the operating performance of the business. EBITDA (in millions) is
calculated by adding the following expenses back to Net Income:
Depreciation and Amortization of $13, Net Interest (Income) of
($.3) and Provision for Income Taxes of $55.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170504006374/en/
National Beverage Corp.Grace Keene, 877-NBC-FIZZOffice of the
Chairman
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