Fiscal Records Are Meant to Be Broken – So We Did! Stated National Beverage Corp.
July 13 2017 - 9:34AM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced exemplary
final results for its fiscal year ended April 29, 2017:
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170713005605/en/
Operating Margin Growth. (Graphic:
Business Wire)
FIZZ Facts
- May + June = Two Record Months for
FY2018
- Operating Margins climb to 20.3% TTM
July 1, 2017
- $11.66 in Dividends declared
2004-2017
- Shasta Sparkling Water SDA (soft
drink alternative) - major distribution advances
Fiscal Years ended April 29, 2017 and April 30, 2016:
(Dollars in millions except
EPS)
Revenues Op. Income
Net Income EPS
EBITDA* FY 2017 $ 827 $ 162
$ 107 $2.30 $ 175 YOY
Growth 17% 75% 75% 75% 67%
FY 2016 $ 705 $
93 $ 61
$1.31 $ 105
Press Release dated May 4, 2017 –
‘Look-See’ Estimate:
(Dollars in millions except
EPS)
Revenues Net
Income EPS EBITDA*
FY 2017 $ 826
$ 106 $2.27
$ 174
“The release of our year-end financial statements certified that
FY 2017 was the best year in the history of National Beverage –
absolutely!” stated Chairman and Chief Executive Officer, Nick A.
Caporella. “Beating the estimates of both our fans and cash-poor
detractors, and even our own ‘look-see’ estimate, Team National
posted industry-leading revenue and earnings growth. Our long-term
shareholders also enjoyed another banner year; 90% price
appreciation + $1.50 per share dividend paid + another $1.50 per
share dividend payment on the way.
There is no doubt our exceptional financial results are the
result of Team National’s creativity combined with executing the
right strategy. This is evident in the unrivaled success of LaCroix
. . . from its award-winning packaging, to its unmatched flavor
essences, to its unique digital marketing program. This creativity
is now also focused on Shasta Sparkling Water, our SDA (soft drink
alternative) which features the industry’s first ‘clean label’.
With the taste profile of a traditional soft drink in a ‘100%
all-natural’ beverage, the Shasta Sparkling Water line is targeted
to those ‘crossover consumers’ within the $81 billion US carbonated
soft drink segment seeking guilt-free refreshment containing no
calories, sodium or sweeteners.
A break from tradition: Salubrious
When people ask why National Beverage’s stock trades the way it
does . . . I remind them that a pharmaceutical company that
develops a drug with the potential to help or cure (although that
drug may only be sold in a part of the United States) . . . its
potential is being traded.
When potential is unable to be quantified, but is undergoing
excessive growth performance (with no visible end to these
remarkable results), it qualifies for . . . GPE – Gross
Price/Earnings Index or Price/Earnings Ratios that reflect this
financial phenomenon.
What better feelings can there be than those that make the mind
and body feel awesome while simultaneously invigorating your
glorious self-esteem? What determines the ultimate potential for
this kind of Innovation? A healthy guarantee; the true side effects
– super great feelings and a long-lasting hydration afterglow that
allures one to want more! How much better does it get? Try it . . .
and see!
Why National? Our innovations are so far in advance of anyone
and why is this? We are blessed with natural talent . . . such as
an inventor, scientist or doctor. BrandED, Shelf Marketing, Shelf
Demographics, Cúrate, Pamplemousse, Múre Pepino – our creative
genius at work, and let’s not forget – GPE. That’s who we are and
that’s why our stock trades the way it does – We are National
Beverage Corp.!
Does this answer your question?” a passionate Caporella
queried.
National Beverage’s iconic brands are the
genuine essence . . . of America
“Patriotism” – If Only We Could Bottle It!
WE SPARKLE . . . AMERICA SMILES!
National Beverage Corp. Consolidated Results for the
Periods Ended April 29, 2017 and April 30, 2016
(in thousands, except per share
amounts)
Three Months Ended
Fiscal Year Ended April 29,
2017 April 30, 2016 April 29,
2017 April 30, 2016 Net
Sales $ 212,066 $ 179,034 $
826,918 $ 704,785 Net Income
$ 29,161 $ 17,537 $
107,045 $ 61,198 Earnings Per Common
Share Basic $ .63 $ .37
$ 2.30 $ 1.31 Diluted $
.62 $ .37 $ 2.29 $
1.31 Average Common Shares Outstanding
Basic 46,574 46,546
46,564 46,452 Diluted
46,789 46,739 46,770
46,671
Sparkling
Performance
•
Net income for FY 2017 more than
doubled from 2015.
•
FIZZ Shareholders enjoyed 93% total Return on
Investment in FY 2017. •
LaCroix posted the largest
volume and share gain among all top domestic water brands.
(1) •
Natural Sparkling Waters are growing at 4
times the rate of bottled water. (2) •
Bottled
water surpassed carbonated soft drinks to become the largest
beverage category by volume in the U.S. (3)
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 Securities and Exchange
Commission 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 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) of $175.2 and $104.9 for the fiscal years
ended April 29, 2017 and April 30, 2016, respectively, is
calculated by adding the following expenses back to Net Income:
Depreciation and Amortization of $12.8 and $12.1; Net Interest
(Income) Expense of ($.5) and $.1; and Provision for Income Taxes
of $55.8 and $31.5.
(1) Beverage Digest 2017 Fact Book 22nd Edition: Calendar Year
2016. (2) Nielsen Multi-Outlet: Latest 52 weeks ending 5/21/17. (3)
Beverage Marketing Corp. 2016.
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version on businesswire.com: http://www.businesswire.com/news/home/20170713005605/en/
National Beverage Corp.Grace Keene, 877-NBC-FIZZOffice of the
Chairman
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