National Beverage Corp. Reports on ‘Stimulus’ Action Results
March 05 2020 - 4:45PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced progress
of its recently adopted ‘Stimulus’ action plan and released
financial results for its third quarter ended January 25, 2020:
- Net sales were $223 million, an increase of 1% from the prior
year;
- Gross margin was 36.8% of sales, also improved from the prior
year;
- Earnings per share was $ .57, an increase of 7% from the prior
year; and
Cash was $262 million, an increase of $105 million for the nine
months.
Stimulus Action Results:
“The numbers reflect the effects of a strategy that generated
increased momentum of brand LaCroix. LaCroix has returned to
positive growth in a much different sparkling water category that
existed prior to October 2018, when litigation slowed the growth of
LaCroix, which also affected the growth of the total sparkling
water category.
These third quarter financial results clearly state that LaCroix
retained its distinction as the leader of the premium sparkling
water category in North America. While sparkling water category
growth has slowed from October 2018, the vitality of LaCroix as the
masthead of the sparkling water category remains ‘authentic’.
Components of our Stimulus Action:
- Volume
- Operating Margin
- Capacity
- Innovation
- Cash Flow
- Healthy Functionality
Recent Information:
- February 19, 2020 – LaCroix Victorious in Litigation . . .
Claims Retracted
http://ir.nationalbeverage.com/static-files/921b1264-8d34-4859-ad6a-995f3443119e
- March 4, 2020 – LaCroix’s Spring Taste Is . . . UP!!
http://ir.nationalbeverage.com/static-files/439dcdbf-9f79-4b71-9a4d-69ec321e1d42
Our stimulus action is producing similar positive results all
across our brands of carbonated soft drinks, juices and sparkling
waters. Two new LaCroix flavors, LimonCello and Pastèque
(Watermelon), are currently being launched nationwide. We are
excited about these two new flavors and, according to early
indications, so are our consumers. We remain extremely passionate
about our future and strongly believe progress is rapidly advancing
toward innovative growth opportunities for functional, healthier,
hydration beverages,” stated a company spokesperson.
National Beverage Corp. Consolidated Results for the
Periods Ended January 25, 2020 and January 26, 2019
(in thousands, except per share amounts)
Three Months Ended
Nine Months Ended
Jan. 25, 2020 Jan. 26, 2019 Jan. 25, 2020
Jan. 26, 2019 Net Sales
$
222,814
$
220,891
$
737,993
$
774,190
Net Income
$
26,563
$
24,809
$
93,759
$
114,717
Earnings Per Common Share Basic
$
.57
$
.53
$
2.01
$
2.46
Diluted
$
.57
$
.53
$
2.00
$
2.44
Average Common Shares Outstanding Basic
46,600
46,638
46,633
46,628
Diluted
46,802
46,934
46,853
46,927
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 ExchangeCommission filings which may cause actual
results or achievements to differ from the results or achievements
expressed or implied bysuch statements. The Company disclaims an
obligation to update or announce revisions to any forward-looking
statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200305005854/en/
Office of the Chairman Grace Keene 877-NBC-FIZZ
National Beverage (NASDAQ:FIZZ)
Historical Stock Chart
From Mar 2024 to Apr 2024
National Beverage (NASDAQ:FIZZ)
Historical Stock Chart
From Apr 2023 to Apr 2024