National Beverage Corp. Achieves Billion Dollar Goal
September 06 2018 - 9:59AM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced record
results for its first quarter ended July 28, 2018.
For the Three Months ended July 28, 2018:
- Revenues were $292.6 million − the 15th
consecutive quarter of increased growth;
- Gross Profit exceeded $115 million for
the first time – ever;
- Operating Profit exceeded $63 million
for the first time – ever; and
- Net Income and EPS increased 28% from
the prior year to $1.05 – the 13th consecutive quarter of
double-digit growth.
“Reaching $1 billion in revenues is more than the achievement of
a milestone – it is the culmination of a . . . long ago goal!”
proudly exclaimed Nick A. Caporella, Chairman and Chief Executive
Officer.
“First, let’s congratulate Team National for achieving that
milestone on June 20th,” was a statement made by Nick A. Caporella
to a group recently at a National Beverage management meeting.
“This year’s Annual Report focuses on a new series of LaCroix
themes that just happen to coincide with large cola’s recent
M&A strategic endeavors. Some may say – they looked at our past
Annual Reports and used our innovative themes to develop their
acquisition and competitive strategies.”
“Our innovation extends beyond brand development and
award-winning packaging; social media programs, atypical marketing
methods and in-store BrandED consumer education have all proven to
be very successful. With many innovative themes nearing
introduction, we are also exploring packaging and distribution
options to expedite the introduction of our sparkling waters into
additional channels and markets. LaCroix’s overwhelming acceptance
in Canada (affectionately pronounced as ‘LaKwah’ by our
French-influenced friends) ‘fuels’ our quest to spread the
Innocence of LaCroix beyond our borders to satisfy the healthy
consumer,” continued Caporella.
“A record-setting week ended September 1, 2018 by a major
retailer sends a significant signal that regardless of those that plan to do ‘things’ in the future . . .
National Beverage was doing them last week.
Our cult has validated additional new NiCola themes and we are
engaged in a launch to captivate the ‘scent’ of exciting, Hispanic
‘hip’ LaCroix innovations . . . what better place than Miami to try
our new experience. Our pipeline is in ‘motion’ as they say in
Little Havana – so stay tuned for exciting news as we move the
‘rhythm’ into our very own Miami. Momentum, all the way to Havana .
. .” chuckled a smiling Caporella.
Our Way is Tastefully . . .
Sparkling!!
Innovation should be new – but ours has the
‘essence’ to refresh and captivate with FIZZ + Fun
“Patriotism” – If Only We Could Bottle It!
National Beverage Corp. Consolidated
Results for the Periods Ended July 28, 2018 and July 29,
2017 (in thousands, except per share amounts)
Three Months Ended Twelve Months Ended July 28,
2018 July 29, 2017 July 28, 2018 July 29,
2017 Net Sales $ 292,590 $
259,832 $ 1,008,492 $ 869,642
Net Income $ 48,830 $
38,272 $ 160,332 $ 116,322
Earnings Per Common Share Basic $
1.05 $ .82 $ 3.44 $
2.50
Diluted $ 1.04 $ .82 $
3.42 $ 2.49 Average Common Shares
Outstanding Basic 46,619
46,585 46,603
46,569
Diluted 46,919 46,916
46,922 46,803
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/20180906005585/en/
National Beverage Corp.Grace Keene, 877-NBC-FIZZOffice of the
Chairman
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