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National Beverage Corp. Reports Excellent Second Quarter
Business Wire 6-Dec-2018 6:33 PM
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:
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Revenues were $261 million - the 16th consecutive quarter
of increased growth;
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Gross Profit increased 30 basis points to $103 million;
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Operating Profit grew to $52 million; and
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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!
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National Beverage Corp.
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Consolidated Results for the Periods Ended
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October 27, 2018 and October 28, 2017
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(in thousands, except per share amounts)
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Six Months Ended
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Twelve Months Ended
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Oct. 27, 2018
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Oct. 28, 2017
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Oct. 27, 2018
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Oct. 28, 2017
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Net Sales
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$
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553,299
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$
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503,951
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$
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1,025,082
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$
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910,581
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Net Income
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$
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89,908
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$
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72,252
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$
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167,430
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$
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125,698
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Earnings Per Common Share
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Basic
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$
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1.93
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$
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1.55
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$
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3.59
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$
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2.70
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Diluted
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$
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1.92
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$
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1.54
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$
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3.57
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$
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2.68
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Avg. Common Shares Outstanding
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Basic
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46,623
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46,589
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46,615
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46,580
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Diluted
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46,923
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46,921
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46,922
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46,848
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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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View source version on businesswire.com: https://www.businesswire.com/news/home/20181206006036/en/
