National Beverage Corp. Growth Accelerates─ On Track for Billion Dollar Revenues; $504 Million – First 6 Months
December 07 2017 - 11:15AM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced that the
Company continues its momentum with its first half of fiscal year
2018 achieving a half billion dollars in revenues while growth
continues to accelerate. Compared to the prior year:
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Operating Margin Growth (Graphic:
Business Wire)
- Revenues grew 20% to $504 million
- Net Income and EPS increased 35%
- Operating profit increased $27
million
- Operating margin climbed to 21.5%
For the Trailing Twelve Months ended October 28, 2017:
(Dollars in millions except EPS)
Revenues
Op.Income
NetIncome
EPS EBITDA* FY 2018
$ 911 $ 190 $ 126
$ 2.70 $ 203 YOY Growth
20 % 52 % 54 % 53
% 48 % FY 2017 $ 761
$ 125 $ 82 $ 1.77
$ 137
•
Cash was $129 million net of $140 million dividend
distributions
“National Beverage is creating operating performance that is
astounding, and when a seasoned operator can innovate, develop and
focus on all the variables necessary to achieve these results –
it’s standing ovation! If Warren wrote what I did, not a soul would
utter a squeak of criticism!” stated Chairman and CEO Nick A.
Caporella.
“As I previously stated and wrote relative to our strong
sustained performance, I sincerely believe that our record second
quarter and six-month results more than certify that my statements
were accurate . . . twelve consecutive quarters of revenue and
earnings growth, the last ten of which include double-digit net
income increases. Add to that, expanding operating margins,
leadership of a consumer revolution and one of the industry’s
strongest balance sheets, and you have the formula for impressive,
dynamic momentum.
LaCroix not only leads the category . . . but defines the
category! Despite the introduction of competitive look-alikes,
LaCroix remains the clear leader in packaging/shelf marketing,
taste and consumer loyalty. With the increasing shelf presence of
both LaCroix and our Shasta Sparking Water SDA (soft drink
alternative), we are in a unique position to convert multiple
generations to life-long consumers of our ‘healthy-hydration’
beverages.
We are about to further the changing sparkling water protocols
by introducing a revolutionary concept called ‘Shelf Demographics’.
No other brand of refreshments has dared to organize the shelf set
to cater to the changing ethnic preferences of the local
population. These consumers will certainly love this new shelf set
. . . created especially for them.
Our brand performance and mid-year numbers post a clear signal
of things to come; we are on course for another record year.
Improving the health of America while rewarding shareholders with
exceptional returns . . . it doesn’t get much better than this,”
concluded a smiling Caporella.
FIZZ IS – HEALTHY SPARKLING, ALL-WAYS!
National Beverage’s iconic brands are the
genuine essence . . . of America
“Patriotism” – If Only We Could Bottle It!
National Beverage Corp.
Consolidated Results for the Periods Ended October 28,
2017 and October 29, 2016 (in thousands, except per
share amounts) Three Months Ended Six Months
Ended Oct. 28, 2017 Oct. 29, 2016 Oct. 28,
2017 Oct. 29, 2016 Net Sales
$ 244,119 $ 203,180 $
503,951 $ 420,288 Net Income
$ 33,980 $ 24,604 $
72,252 $ 53,599 Earnings Per
Common Share Basic $ .73 $
.53 $ 1.55 $ 1.15 Diluted
$ .72 $ .53 $ 1.54
$ 1.15 Common Shares Outstanding
Basic 46,593 46,560
46,589 46,558 Diluted
46,925 46,761 46,921
46,764 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 $203.1 and $137.1 for the
twelve months ended October 28, 2017 and October 29, 2016,
respectively, is calculated by adding the following expenses back
to Net Income: Depreciation and Amortization of $13.6 and $12.4;
Net Interest (Income) of ($.8) and ($.2); and Provision for Income
Taxes of $64.6 and $42.5.
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National Beverage Corp.Grace Keene, 877-NBC-FIZZOffice of the
Chairman
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