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OFFON

NATIONAL BEVERAGE CORP.

(FIZZ)
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National Beverage : REPORTS NATIONAL BEVERAGE CORP (Form 8-K)

09/10/2021 | 04:42pm EDT

REPORTS NATIONAL BEVERAGE CORP.

FORT LAUDERDALE, FL, September 9, 2021 . . . National Beverage Corp. (NASDAQ: FIZZ) today announced results for its first quarter ended July 31, 2021.

First Quarter Ended July 31, 2021 vs. First Quarter Ended August 1, 2020:

Net sales increased to $311.7 million;

Gross profit was $124.8 million;

o

Gross margin was 40%;

Operating income was $70.3 million or 22.6% of sales; and

Earnings per share was $.58, up from $.55 for the prior year.

Balance Sheet Data at July 31, 2021

Cash was $245.5 million;

Working capital was $269.7 million with a current ratio of 2.8 to 1.

'Considering the headwinds that we faced, our financial results for the first quarter reflect extraordinary execution by Team National. Although labor, raw material and transportation availability issues impacted our ability to meet customer demand, we were able to increase sales over last year's pantry-loading spike while maintaining the margins posted for our previous 'best ever' quarter,' stated a company spokesperson.

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National Beverage Corp.

Page 2

We believe the following are some of the competitive advantages that National Beverage enjoys:

Consumer loyalty - Our Power+ brand volume grew 5.6% during a quarter in which selling prices were adjusted to recover increased input and transportation costs. We believe this reflects the preference consumers have for our great-tasting beverages, especially in light of the substantial price discounting employed by certain competitors to promote their sparkling waters.

Healthy Hydration - The majority of our revenues are generated by sparkling water, juices and other 'better-for-you' beverages. The pandemic has made consumers even more health-conscious, and we believe this trend will continue for the foreseeable future.

Innovation - The launch late last fiscal year of our unique new LaCroix flavors of Beach Plum, Black Razzberry and Guava São Paulo was our most successful to date. These followed a string of successful introductions that evidence our ability to develop and refine beverages that continuously resonate with consumers.

Distinctiveness - The pandemic and its adaptations are provoking the minds of everyone who use their mental capacity to eschew risk. Our owner-entrepreneur governance model, size and agility, plus our self-manufacturing and hybrid-distribution system allow us to pivot expeditiously. Couple this uniqueness with our passionate consumer seeking to satisfy an acquired taste while pursuing unparalleled feelings.

'As the U.S. deals with uncertainty while Covid cases are increasing, we are more determined than ever in our mission to help make America healthy. Fiscal 2022 brings unique opportunities for National Beverage as we continue our vow to create the best and healthiest beverages ever produced,' the spokesperson concluded.

LaCroix . . . Beyond Taste!

In honor of all those who guard our freedoms throughout the world . . .

'Patriotism'-If Only We Could Bottle It!

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National Beverage Corp.

Page 3

National Beverage Corp.

Consolidated Results for the Periods Ended

July 31, 2021 and August 1, 2020

(in thousands, except per share amounts)

Three Months Ended

July 31, 2021

August 1, 2020

Net Sales

$ 311,712 $ 293,367

Net Income

$ 53,816 $ 51,164

Earnings Per Common Share

Basic

$ .58 $ .55

Diluted

$ .58 $ .55

Average Common Shares Outstanding

Basic

93,306 93,248

Diluted

93,574 93,508

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.

Disclaimer

National Beverage Corporation published this content on 10 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 September 2021 20:41:09 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2022 1 139 M - -
Net income 2022 178 M - -
Net cash 2022 354 M - -
P/E ratio 2022 30,1x
Yield 2022 5,27%
Capitalization 5 312 M 5 312 M -
EV / Sales 2022 4,35x
EV / Sales 2023 4,10x
Nbr of Employees 1 550
Free-Float 23,0%
Chart NATIONAL BEVERAGE CORP.
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Technical analysis trends NATIONAL BEVERAGE CORP.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus SELL
Number of Analysts 4
Last Close Price 56,92 $
Average target price 45,13 $
Spread / Average Target -20,7%
EPS Revisions
Managers and Directors
Nick A. Caporella Chairman & Chief Executive Officer
Joseph G. Caporella President & Director
George R. Bracken Executive Vice President-Finance
Samuel C. Hathorn Independent Director
Cecil D. Conlee Independent Director
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