National Beverage Corp. Reports Solid Second Quarter Results With Confident Enthusiasm
December 05 2019 - 5:15PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced results
for its second quarter ended October 26, 2019:
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20191205005908/en/
LaCroix LimonCello (Photo: Business
Wire)
- Net sales were $252 million;
- Gross margin was 36.9% of sales, a continued stair-step
improvement;
- Earnings per share were $ .70 vs. $ .74 for the prior
sequential quarter; and
- Cash was $234 million.
- November orders were ahead of last year's pace
“One of the most profound occurrences in a company is when key
indicators significantly create an atmosphere that motivates the
entire team . . . we are at this place. Our November orders were
ahead of last year’s pace and our recently introduced Hi-Biscus is
expanding across the country and has been met with enthusiastic
responses from both consumers and retailers,” stated a company
spokesperson. “With European finesse and unique flavor innovation,
our exciting new LimonCello and Pastèque are joining the LaCroix
family of flavors and will be launched nationally in early 2020.
Consumer engagement with LaCroix is strong and we are seeing
steadfast social media support from the legions of loyal LaCroix
fans.”
“In the past, the carbonated soft drink business in the U.S. and
throughout the world needed combating brands to convince consumers
and retailers that no one entity or brand could control the cola
business. Today, the sparkling water category is totally different
with the primary difference being the changing lifestyle of the
health-conscious consumer. Therefore, it is not how many sparkling
waters that exist nor the competitive difference between them, but
which brand remains within the mindset and health barometer of its
consumer base.
“LaCroix will remain the leading sparkling water brand of the
core health-conscious consumer phenomenon. It’s not what LaCroix is
going to do in the future that makes it different, it’s what
LaCroix has been doing all along. LaCroix is the leading domestic
premium sparkling water brand and plans to stay that way!”
concluded the spokesperson.
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
October 26, 2019 and October
27, 2018
(in thousands, except per share amounts) Three Months
Ended Six Months Ended Oct. 26, 2019 Oct. 27,
2018 Oct. 26, 2019 Oct. 27, 2018 Net
Sales
$
251,611
$
260,709
$
515,179
$
553,299
Net Income
$
32,654
$
41,078
$
67,196
$
89,908
Earnings Per Common Share Basic
$
.70
$
.88
$
1.44
$
1.93
Diluted
$
.70
$
.88
$
1.43
$
1.92
Average Common Shares Outstanding Basic
46,653
46,628
46,650
46,623
Diluted
46,877
46,928
46,879
46,923
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191205005908/en/
Office of the Chairman, Grace Keene 877-NBC-FIZZ
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