NATIONAL BEVERAGE : REPORTS ON ‘STIMULUS’ ACTION RESULTS 528.8 KB
March 05, 2020 at 05:15 pm EST
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NASDAQ: FIZZ
For Immediate Release
Contact: Office of the Chairman, Grace Keene
NATIONAL BEVERAGE CORP.
REPORTS ON
'STIMULUS' ACTION RESULTS
FORT LAUDERDALE, FL, March 5, 2020 . . . National Beverage Corp. (NASDAQ: FIZZ) today announced progress of its recently adopted 'Stimulus' action plan and released financial results for its third quarter ended January 25, 2020:
Net sales were $223 million, an increase of 1% from the prior year;
Gross margin was 36.8% of sales, also improved from the prior year;
Earnings per share was $ .57, an increase of 7% from the prior year; and
Cash was $262 million, an increase of $105 million for the nine months.
Stimulus Action Results:
"The numbers reflect the effects of a strategy that generated increased momentum of brand LaCroix. LaCroix has returned to positive growth in a much different sparkling water category that existed prior to October 2018, when litigation slowed the growth of LaCroix, which also affected the growth of the total sparkling water category.
These third quarter financial results clearly state that LaCroix retained its distinction as the leader of the premium sparkling water category in North America. While sparkling water category growth has slowed from October 2018, the vitality of LaCroix as the masthead of the sparkling water category remains 'authentic'.
-more-
National Beverage Corp.
Page 2
Components of our Stimulus Action:
Volume
Operating Margin
Capacity
Innovation
Cash Flow
Healthy Functionality
Recent Information:
February 19, 2020 - LaCroix Victorious in Litigation . . . Claims Retracted
Our stimulus action is producing similar positive results all across our brands of carbonated soft drinks, juices and sparkling waters. Two new LaCroix flavors, LimonCello and Pastèque (Watermelon), are currently being launched nationwide. We are excited about these two new flavors and, according to early indications, so are our consumers. We remain extremely passionate about our future and strongly believe progress is rapidly advancing toward innovative growth opportunities for functional, healthier, hydration beverages," stated a company spokesperson.
National Beverage Corp.
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National Beverage Corp.
Consolidated Results for the Periods Ended
January 25, 2020 and January 26, 2019
(in thousands, except per share amounts)
Three Months Ended
Nine Months Ended
Jan. 25, 2020
Jan. 26, 2019
Jan. 25, 2020
Jan. 26, 2019
Net Sales
$
222,814
$
220,891
$
737,993
$
774,190
Net Income
$
26,563
$
24,809
$
93,759
$
114,717
Earnings Per Common Share
Basic
$
.57
$
.53
$
2.01
$
2.46
Diluted
$
.57
$
.53
$
2.00
$
2.44
Average Common Shares Outstanding
Basic
46,600
46,638
46,633
46,628
Diluted
46,802
46,934
46,853
46,927
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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National Beverage Corporation published this content on 05 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2020 22:12:09 UTC
National Beverage Corp. is a holding company. The Company develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks and carbonated soft drinks primarily in the United States and Canada. Its brands consist of beverages geared to the active and health-conscious consumer (Power + Brands), including sparkling waters, energy drinks, and juices. Its portfolio of Power + Brands includes LaCroix, LaCroix Curate, and LaCroix NiCola sparkling water products; Clear Fruit; Rip It energy drinks and shots; and Everfresh, Everfresh Premier Varietals and Mr. Pure 100% juice and juice-based products. Additionally, it produces and distributes carbonated soft drinks (CSDs), including Shasta and Faygo brands. To service a customer base that includes national retailers, as well as smaller up-and-down-the-street accounts, it utilizes a hybrid distribution system to deliver its products through three primary distribution channels: take-home, convenience and food service.
NATIONAL BEVERAGE CORP. 
