National Beverage Corp. Reports Second Quarter “On-Track”

  National Beverage Corp. Reports Second Quarter “On-Track”

Business Wire

FORT LAUDERDALE, Fla. -- December 5, 2013

National Beverage Corp. (NASDAQ:FIZZ) today reported results for the second
quarter of Fiscal 2014.

For the second quarter ended October 26, 2013 vs. October 27, 2012:

  *Sales increased to $168 million
  *Net income increased to $12.5 million
  *Earnings per share increased to $.27

For the twelve months ended October 26, 2013:

  *EBITDA* was $79 million

“The two most unique traits of this company are: Innovation/Creative at its
‘Mast’ and Resiliency in its ‘Keel’! The Perfect Storm that occurred in our
first quarter,  composed of consumer rebellion, Big Cola’s erratic pricing and
weather, created circumstances that nearly exhausted Team National’s
resilience! This company thrives when challenged and this second quarter
reflects those efforts,” stated Nick A. Caporella, Chairman and Chief
Executive Officer.

“The soft drink industry is awash in 'Wanna Be' replacements for a shrinking
sugary carbonated soft drink marketplace. The Giants in the carbonated
business mix and match their ‘flat’ water products in an attempt to recapture
the loss of their cola sales. Kinda like compromising Americans by changing
the words, tempo and colors of the song – ‘America’! Consumers are brand loyal
and very smart. They want the efficacy of time-tested brands like Shasta or
LaCroix sparkling water. Just adding a tad of flavor, ‘gassing-it-up’ and
calling it sparkling water begs the same wrath as changing the words of
‘America’. . . bah humbug!” chided Caporella.

“Saying we are ‘thrilled’ for our shareholders; reading text messages and
emails full of delight in appreciation of their company’s performance
throughout calendar year 2013 . . . is indeed heartfelt! Yes it is . . . To
conserve space in this release, I will write a shareholder letter over the
next ten days going into detail relative to the Power + Brand segment that
continues to provide results as witnessed within this release. Further
contained in this letter, we will ‘outlook’ assets that heretofore were
thought only revenue and profit generators! Today, some investors are weighing
their potential value when placed in a larger, more mature, distribution
system,” Caporella stated.

“Hope the sparkling joy of our refreshments, the contentment of our loyal
shareholders and the goodwill of our devout Team National stirs up within you
– the Tingling Warm Spirit of a Yuletide Blessing!” Caporella concluded with a

National Beverage’s iconic brands are the genuine essence . . . of America.

                  “Patriotism” – If Only We Could Bottle It!

           Fun, Flavor and Vitality . . . the National Beverage Way

National Beverage Corp.
Consolidated Results for the Periods Ended
October 26, 2013 and October 27, 2012

(in thousands, except per share amounts)

            Three Months Ended               Period Ended October
                                                          26, 2013
              October    October                         Six        Twelve
              26,         27,
              2013        2012                            Months      Months
Net Sales     $ 167,666   $ 166,568                       $ 340,019   $ 652,609
Net Income    $ 12,497    $ 12,017                        $ 24,567    $ 45,078
EBITDA*                                                               $ 79,281
Net Income
Per Share
Basic         $ .27       $ .26                           $ .52       $ .96
Diluted       $ .27       $ .26                           $ .52       $ .96
Average Common Shares
Basic          46,330     46,300                         46,330     46,328
Diluted        46,510     46,485                         46,514     46,500
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. The reconciliation of Net
Income (GAAP) to EBITDA (Non-GAAP) for the Trailing 12 Months Ended October 26,
2013 (in thousands) is as follows: Net Income (GAAP) of $45,078 plus
Depreciation and Amortization of $11,074 plus Net Interest Expense of $683 plus
Provision for Income Taxes of $22,446 equals EBITDA (Non-GAAP) of $79,281.


National Beverage Corp.
Grace Keene, 877-NBC-FIZZ
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