National Beverage Corp. Updates Shareholders and Consumers
June 26 2019 - 4:30PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced results
for its Fiscal Year Ended April 27, 2019.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190626005791/en/
HI-Biscus by LaCroix. (Photo: Business
Wire)
In thousands except EPS Net
Sales Net Income EPS Fiscal Year
Ended April 27, 2019
$ 1,014,105
$ 140,853
$ 3.02
Fiscal Year Ended April 28, 2018
975,734
149,774
3.21
Fiscal Year Ended April 29, 2017
826,918
107,045
2.30
Key Facts - FY 2019
- Net Sales of branded products grew 6.2% in Fiscal Year
2019.
- Power+ Brands volume increased 8.9%.
- LaCroix is the #1 brand of Sparkling Water in the United States
and is the #1 brand in 41 of 52 Nielsen Metropolitan Statistical
Areas.
- LaCroix innovation continued with:
- Three inspiring new additions to the LaCroix NiCola theme;
- Expanded variety pack offerings for distribution to the club
store channel; and
- Expansion of LaCroix products in Canada.
- Joy Bauer, MS, RDN, one of the nation’s leading health
authorities, was named the national dietitian representing LaCroix
Sparkling Water.
- Net income for FY 2019 was impacted by:
- Increased aluminum costs primarily due to tariffs;
- Increased manufacturing costs;
- Shipping and marketing spending increases; and
- A $4.3 million ($.09 per share) one-time reduction of FY 2018
income tax expense resulting from the 2017 Tax Cuts and Jobs
Act.
Key Themes – Early FY
2020
- The new and innovative LaCroix flavor, Hi-Biscus, is now being
launched from coast-to-coast.
- LaCroix is introduced into the United Kingdom.
- LaCroix summer marketing campaign is underway in cities across
the entire U.S.
- LaCroix is launching new social media and consumer experience
programs.
- Nutrition panels on LaCroix labels are changing to comply with
new federal regulations - indicating that LaCroix is Whole30,
non-GMO, and produced without BPA liners.
LaCroix uniquely defined the Sparkling Water category
to improve consumers’ health consciousness. LaCroix’s commitment to
improved beverage health resulted in an expansion of significant
retail space for the category – bringing more choice to consumers.
LaCroix was the original beneficiary of such expansion with many
less-nimble competitors recently gaining distribution. LaCroix is
the category leader bringing consumers a feeling of joy, natural
zest and delightful gratification. We will always remain true to
these virtues.
National Beverage Corp. Consolidated Results for the
Fiscal Years Ended April 27, 2019, April 28, 2018 and April
29, 2017 (in thousands, except per share amounts)
Fiscal Year Ended April 27, 2019 April 28,
2018 April 29, 2017 Net Sales
$ 1,014,105
$ 975,734
$ 826,918
Net Income
$ 140,853
$ 149,774
$ 107,045
Earnings Per Common Share Basic
$ 3.02
$ 3.21
$ 2.30
Diluted
$ 3.00
$ 3.19
$ 2.29
Avg. Common Shares Outstanding Basic
46,633
46,598
46,564
Diluted
46,917
46,921
46,770
See the Company's Annual Report on Form 10K filed
June 26, 2019 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190626005791/en/
Office of the Chairman Grace Keene, 877-NBC-FIZZ
National Beverage (NASDAQ:FIZZ)
Historical Stock Chart
From Aug 2024 to Sep 2024
National Beverage (NASDAQ:FIZZ)
Historical Stock Chart
From Sep 2023 to Sep 2024