National Beverage Corp. Points with Growth + Pride
FORT LAUDERDALE, Fla. -- March 7, 2013
National Beverage Corp. (NASDAQ:FIZZ) today reported results:
For the nine months ended January 26, 2013 ‒
*Revenues increased to $494.1 million, up 6.6%
*Net income increased to $34.8 million, up 7.3%
*Earnings per share increased to $.75, up 7.1%
For the Trailing Twelve Months –
Sales EBITDA* Ind. Avg. 19.6x
$ 659.6 million $81.2 million FIZZ 13.95x
“Consistent quarters of revenue and earnings growth – achieved in a volatile
environment of political and economic chaos – are a feat Team National is
proud to report. Our winter quarter is always challenging, yet we were able to
outpace the industry with the growth of both our Power+ Brands and carbonated
soft drinks. The continued double-digit volume gains of our LaCroix sparking
water and Rip It energy drink attest to the success of Team National in
repositioning our products and distribution to the higher-growth segments of
the beverage industry,” stated Nick A. Caporella, Chairman and Chief Executive
“Working proudly at all that we do is inherent in our culture: safeguarding
the balance sheet; providing shareholder gratification; innovating profoundly;
developing new techniques and All-Ways setting ourselves apart . . . that’s
our challenge at being the best provider of taste, quality and value! As most
Americans ponder sequestering . . . we at National Beverage wish for America
the wholesome spirit provided by – Refreshment,” 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 Nine Months Ended
January 26, 2013 and January 28, 2012
(in thousands, except per share amounts)
Three Months Ended Nine Months Ended
January 26, January 28, January 26, January 28,
2013 2012 2013 2012
Net Sales $ 144,723 $ 136,401 $ 494,140 $ 463,455
Net Income $ 8,414 $ 7,904 $ 34,823 $ 32,462
Net Income Per Share
Basic $ .18 $ .17 $ .75 $ .70
Diluted $ .18 $ .17 $ .75 $ .70
Average Common Shares
Basic 46,321 46,276 46,304 46,263
Diluted 46,482 46,472 46,478 46,441
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)
Trailing 12 Months Ended
January 26, 2013
Net Income (GAAP) $ 46,354
Depreciation and Amortization 11,123
Interest (Income) Expense - Net 139
Provision for Income Taxes 23,585
EBITDA (Non-GAAP) $ 81,201
National Beverage Corp.
Grace Keene, 877-NBC-FIZZ
Office of the Chairman
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