National Beverage Corp. Reports Comparative Results
September 05 2019 - 5:18PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced results
for its first quarter ended July 27, 2019.
In thousands, except EPS Net Sales Net Income
EPS Three Months Ended July 27,
2019
$ 263,568
$ 34,542
$ .74
Three Months Ended April 27, 2019
$ 239,914
$ 26,135
$ .56
The above presentation emphasizes brand LaCroix’s significant
stair-step influence returning to a more positive directional
position.
The Company has an authorized stock repurchase plan in effect as
disclosed in its Form 10-K. Cash on hand is $202.7 million at July
2019.
Trending Perspectives
- New focus is National Beverage’s core driver and international
customers are piggyback targets providing growth.
- Unique theme and demographic innovation will stay permanently
affixed to the dashboard.
- Canada, the United Kingdom, Ireland and European distribution
partnerships are dashboard priorities.
Highlights First Quarter
- LaCroix’s 13 market bus tour and sampling experiences garnered
over 25 million in impressions this summer (actual 25,192,955
source Vector Media).
- LaCroix Hi-Biscus Social Campaign reached influencers
representing over 187 million impressions on Instagram (actual
187,206,444 source Instagram).
- LaCroix Pamplemousse has reached iconic status with numerous
placements in the media including several appearances on the
Tonight Show featuring Jimmy Fallon. The entire LaCroix line up is
now led by Pamplemousse.
We want to thank our loyal and dedicated consumer base that
applauded the launch of our Hi-Biscus.
We love our LaCroix . . . We are
passionate about our LaCroix . . . We are crazy about our LaCroix .
. . We #LIVE LaCroix!!
National Beverage Corp. Consolidated Results for the
Periods Ended April 27, 2019, July 27, 2019 and July 28,
2018 (in thousands, except per share amounts)
Three Months Ended April 27, 2019 July 27,
2019 July 28, 2018 Net Sales
$ 239,914
$ 263,568
$ 292,590
Net Income
$ 26,135
$ 34,542
$ 48,830
Earnings Per Common Share Basic
$ .56
$ .74
$ 1.05
Diluted
$ .56
$ .74
$ 1.04
Average Common Shares Outstanding Basic
46,644
46,646
46,619
Diluted
46,892
46,880
46,919
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190905006004/en/
Office of the Chairman Grace Keene, 877-NBC-FIZZ
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