National Beverage Corp. First Quarter ‘Aroma’ . . . Signals Great Results
September 07 2017 - 4:05PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced results
for the first quarter of its Fiscal Year 2018.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170907006432/en/
Operating Margin Growth (Graphic:
Business Wire)
- Revenues increased 20% to $260
million
- Operating Income increased 31% to $58
million
- Earnings per share increased 32% to $
.82
- Cash increased 29% to $176 million
For the trailing twelve months ended
July 29, 2017 –
(dollars in millions except EPS)
Revenues
Op.Income
Net Income EPS EBITDA*
FY 2018 $ 870 $ 176
$ 116 $ 2.50 $ 189 YOY
Growth 18 % 59 % 59 %
59 % 54 % FY 2017 $
737 $ 111 $ 73 $
1.57 $ 123
____________________________________________________________________________________________
“This extraordinary start to our FY2018 marks eleven
consecutive quarters of revenue and earnings growth. During this
period, our shareholders have enjoyed over 300% increase in their
FIZZ holdings and over $139 million in cash dividends . . . truly a
‘one-of-a-kind’ performance,” stated Nick A. Caporella, Chairman
and Chief Executive Officer.
“While momentum signals its presence in a myriad of ways, the
one that most excites us is the scent of ‘toasted meringue’ in our
ready-to-launch La Croix Key Lime sparkling water. Why . . .
because our heartbeat is ‘innovation’ and here that spells . . .
aroma and scents! While financial performance is ultimately the
healthy condition of management’s purpose . . . it starts with a
naturally-essenced strategic growth plan and, certainly, this first
quarter is more than robust.
Our recently released 2017 Annual Report expresses the
wholesome nature of our Company in a genuine and authentic sense.
This Annual Report conveys our true character as never before
reflected, and to quote an excerpt from the Chairman’s Message . .
. National Beverage’s real purpose in making you aware of our
leadership role in this sparkling water industry – and that is to
make our healthy, authentically-genuine, great beverages the choice
for all consumers searching for excellence. The right selection
makes excellence a habit!” concluded a ‘mindful’ Caporella.
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 July 29, 2017
and July 30, 2016 (in thousands,
except per share amounts) Three Months Ended July 29,
2017 July 30, 2016 Net Sales $
259,832 $ 217,108 Net Income
$ 38,272 $ 28,995 Earnings
Per Common Share Basic $ .82 $
.62 Diluted $ .82 $ .62
Average Common Shares Outstanding Basic
46,585 46,556 Diluted
46,916 46,767
___________________________________________________________________________________________
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 $189.4 and $122.9 for the twelve months
ended July 29, 2017 and July 30, 2016, respectively, is calculated
by adding the following expenses back to Net Income: Depreciation
and Amortization of $13.3 and $12.1; Net Interest (Income) of ($.6)
and 0; and Provision for Income Taxes of $60.5 and $37.7.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170907006432/en/
National Beverage Corp.Grace Keene, 877-NBC-FIZZOffice of the
Chairman
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