National Beverage Corp. Reports Excellent Second Quarter
December 06 2018 - 6:33PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced record
results for its second quarter ended October 27, 2018.
For the Three Months ended October 27, 2018:
- Revenues were $261 million − the 16th
consecutive quarter of increased growth;
- Gross Profit increased 30 basis points
to $103 million;
- Operating Profit grew to $52 million;
and
- Net Income of $41 million and EPS of
$.88 increased 21%.
“The strength of our brand and the support of our consumers
allowed LaCroix to successfully weather storms directed against it
and the industry in general. The outrageous and unfounded lawsuit
filed October 1st severely affected shareholder value,” stated Nick
A. Caporella, Chairman and Chief Executive Officer. “LaCroix as the
clear leader that reflects the industry – has suffered declines but
continues its stalwart charge leading the resurgence. Today, our
daily order log reflects that normalcy is returning to our Company
and the sparkling water category. From the end of October through
December 4th, the marker that doesn’t exaggerate is the log of
orders, and yesterday we once again saw orders reach daily levels
of August.
“In summary, highly-respected experts have refuted the false and
ludicrous claims that have been made, and we continue to contest
the meritless complaint that has diminished shareholder value. Our
marketing team is coordinating exciting new campaigns with experts
in the health and wellness field, and our BrandEd team is expanding
its acclaimed protocols to support new themes in additional cities.
Lastly, we genuinely appreciate the mighty spirit of the LaCroix
consumer that ‘doubled up’ to unite behind their brand! Innovation,
passion and tenacity drive Team National to lead America in
Embracing Innocence!” Caporella concluded.
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 October 27,
2018 and October 28, 2017 (in thousands, except per
share amounts) Six Months Ended Twelve Months
Ended Oct. 27, 2018 Oct. 28, 2017 Oct. 27,
2018 Oct. 28, 2017 Net Sales $
553,299 $ 503,951 $ 1,025,082
$ 910,581 Net Income $
89,908 $ 72,252 $ 167,430
$ 125,698 Earnings Per Common Share
Basic $ 1.93 $ 1.55 $
3.59 $ 2.70 Diluted $
1.92 $ 1.54 $ 3.57 $
2.68 Avg. Common Shares Outstanding
Basic 46,623 46,589
46,615 46,580 Diluted
46,923 46,921 46,922
46,848 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/20181206006036/en/
Office of the Chairman, Grace Keene, 877-NBC-FIZZ
National Beverage (NASDAQ:FIZZ)
Historical Stock Chart
From Mar 2024 to Apr 2024
National Beverage (NASDAQ:FIZZ)
Historical Stock Chart
From Apr 2023 to Apr 2024