“FIZZ” – National Beverage Corp. Refreshes . . . Delivers Good News
FORT LAUDERDALE, Fla. -- December 06, 2012
National Beverage Corp. (NASDAQ:FIZZ) today reported mid-year results:
For the six months ended October 27, 2012 –
*Revenues increased to $349.4 million, +6.8%
*Net income increased to $26.4 million, +7.5%
*Earnings per share increased to $.57, +7.5%
“Team National ‘owns’ great brands that ‘scream’ excellent taste and excellent
value! The sparkling water–power brands outperformed carbonated soft drinks
and are trending to continue their momentum," stated Nick A. Caporella,
Chairman and Chief Executive Officer.
For the Trailing Twelve Months –
Sales EBITDA* Cash Flow*
$651.2 million $80.5 million $71.1 million
“Our Company is in the ‘Right Zone’ and our efforts are reflecting great
results and – ‘competent’ value,” continued Caporella.
“Creating good news is akin to making great refreshments – both require unique
passion, joyful innovation and intense focus! Our recent special dividend of
$2.55, finalized November 29, 2012, is just as exciting for us as our new
LaCroix theme Jardiń or Everfresh’s Premier Apple Varietals!” added Caporella.
“It is our natural inclination to always ‘Refresh’ – not only with our
beverages, but through our Corporate character! We strive to be
‘compassionate’ and honorably Patriotic – to our principles, to our great
country and to our unique company. We ‘Hope’ to ‘relight’ the lamps of
America’s High Road! Our genuine efforts and compassion should ignite fellow
Americans to engage in similar efforts. After all – what better way to count
our blessings than to boldly say A·M·E·R·I·C·A!
“Yes! – we are National Beverage Corp. . . . steeped, brewed and enriched in –
red, white and blue tradition,” concluded Caporella.
National Beverage’s iconic brands are the genuine essence . . . of America.
Our company is highly innovative as a pace-setter in the changing soft-drink
industry, featuring refreshment products that are geared toward the
lifestyle/health-conscious consumer. Shasta® – Faygo® – Everfresh® and
LaCroix® are aligned with Rip It® energy products to make National Beverage .
. . America’s Flavor•Favorite – soft-drink company.
“Patriotism” – If Only We Could Bottle It!
Fun, Flavor and Vitality . . . the National Beverage Way
National Beverage Corp.
Consolidated Results for the Three and Six Months Ended
October 27, 2012 and October 29, 2011
(in thousands, except per share amounts)
Three Months Ended Six Months Ended
October 27, October 29, October 27, October 29,
2012 2011 2012 2011
Net Sales $ 166,568 $ 157,974 $ 349,417 $ 327,054
Net Income $ 12,017 $ 11,123 $ 26,409 $ 24,558
Net Income Per
Basic $ .26 $ .24 $ .57 $ .53
Diluted $ .26 $ .24 $ .57 $ .53
Basic 46,300 46,272 46,296 46,257
Diluted 46,485 46,448 46,477 46,426
This press release includes forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause actual results, performance or achievements of the Company to
be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors include
fluctuations in costs, changes in consumer preferences and other items and
risk factors described in the Company's Securities and Exchange Commission
filings. The Company disclaims an obligation to update any such factors or to
publicly announce the results of any revisions to any forward-looking
statements contained herein to reflect future events or developments.
Non-GAAP Financial Measures
The Company reports its financial results in accordance with accounting
principles generally accepted in the United States ("GAAP"). Management
believes, however, that certain non-GAAP financial measures may provide users
of this financial information with additional insights into the operating
performance of the business and to also serve as widely accepted measures for
comparing operating performance with other companies.
*Reconciliation of Net Income (GAAP) to EBITDA (Non-GAAP) and Cash Flow
Net Income $ 45,844
Expense - Net
Provision for 23,589
EBITDA $ 80,480
EBITDA (above) $ 80,480
Property, Plant (9,348 )
Cash Flow $ 71,132
National Beverage Corp.
Grace Keene, 877-NBC-FIZZ
Office of the Chairman
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