National Beverage Corp. Gives ‘Rise’ to the Companion of Heroes – LACROIX
July 01 2020 - 5:19PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced trending
results for its third and fourth quarters plus fiscal year ended
May 2, 2020.
“In times of strife, there is always a silver lining. Hard as it
often is to find, it appears. 2020 gave ICU experts, intensive care
specialists, first responders and medical experts their favorite
fix – LaCroix. ‘Wow, that did it!’ These words accompanied photos
of those daring and special humans that went to the aid of sick and
ailing patients, giving of themselves to help others. No greater
act is the act of saving a life.
Our number one priority was to continue manufacturing while
keeping our employees safe. This press release is about the results
of our actions during these trying times. We are most fortunate to
continue giving joy to the finest heroes of these times,” stated a
company spokesperson.
Facts – FY 2020
- Net sales exceeded $1 billion.
- Year-end cash was $305 million.
- Fourth quarter operating margin increased to 17.6%, up from
14.1% for the prior year.
(dollars in thousands, except EPS)
3rd Quarter
4th Quarter*
Fiscal Year*
Net Sales
$
222.8
$
262.4
$
1,000.4
Increase
0.9
%
9.4
%
Operating Income
33.2
46.3
165.7
Increase
7.1
%
37.2
%
Net Income
26.6
36.2
130.0
Increase
7.1
%
38.6
%
EPS
0.57
0.78
2.79
Increase
7.5
%
39.3
%
Facts – LaCroix
- Latest three LaCroix flavors set unprecedented sales
records.
- LaCroix growth in most recent 13-week period approaches
20%.
- Restaurants, theme parks, entertainment centers and theatre
closures have shifted consumption purchases to channels favoring
authentic and healthy LaCroix.
“Financial results clearly reflect the profound innovation,
vitality and consumer loyalty of brand LaCroix. Three
ground-breaking new flavors . . . LimonCello, Pastèque and
Hi-Biscus, unique only to LaCroix, were launched nationwide with
impressive results that drove record fourth quarter sales,” stated
a company spokesperson.
“We are proud of the positive momentum across all our
distinguished brands. We are particularly pleased with strong
operating results in the second half of FY 2020 as we continue to
execute our Stimulus Plan focused on Volume, Operating Margin,
Capacity, Innovation, Cash Flow and Healthy Hydration.
In present times, heartfelt, nostalgic memories provide feelings
of comfort and security. We would like to thank our long-time and
newly-converted consumers for making LaCroix a daily part of their
lives. Their loyalty and love are unparalleled when it comes to
brand LaCroix. As one fan recently posted, LaCroix is ‘hydration
with a heart’. We couldn’t have said it better,” concluded the
spokesperson.
National Beverage
Corp.
Consolidated Results for the
Three Months Ended May 2, 2020 and April 27, 2019 and Fiscal Year
Ended May 2, 2020
(in thousands, except per share
amounts)
Three Months Ended
Fiscal Year Ended
May 2, 2020*
April 27, 2019
May 2, 2020*
Net Sales
$
262,401
$
239,914
$
1,000,394
Net Income
$
36,213
$
26,135
$
129,972
Earnings Per Common Share Basic
$
.78
$
.56
$
2.79
Diluted
$
.77
$
.56
$
2.78
Avg. Common Shares Outstanding Basic
46,612
46,644
46,628
Diluted
46,753
46,892
46,828
*The Three Months and Fiscal Year Ended May 2, 2020 consisted of
14 and 53 weeks, respectively. See the Company's Annual
Report on Form 10K filed July 1, 2020 for complete financial
statements.
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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