Company Website:
http://www.nationalbeverage.com
FORT LAUDERDALE, Fla. -- (Business Wire)
National Beverage Corp. (NASDAQ:FIZZ) today reported results for Fiscal
2014.
“While we exhausted vigorous efforts to overcome much repeated industry
challenges, our Fiscal 2014 results were skewed,” stated Nick A.
Caporella, Chairman and Chief Executive Officer.
“Painful, Yes – Resilient and Resourceful,
we excitingly begin Fiscal 2015,” continued Caporella.
For the fiscal year ended May 3, 2014 -
-
Revenues decreased to $641.1 million, off 3.2%
-
Net income decreased to $43.6 million, off 7.0%
-
Earnings per share decreased to $.93, off 7.9%
“National Beverage is a quality Company, led by its passion to innovate.
Vigorous attempts are simultaneously underway to lead the soft drink
industry through its evolution to comply with the outcry of regulators
and consumers alike. We are and plan to
continue leading the way. All areas of our business, including
carbonated soft drinks, are growing! Yes, the size of our smile is
magnified by our Power+ Sparkling Waters. Our new dynamic creative has
resulted in exciting consumer appeal. Keep a watchful eye for LaCroix’s Cúrate
with its one-of-a-kind packaging and unique taste! Also, our distinctive
change to the new flavors of brand LaCroix are a ‘must’ see and
taste,” stated Caporella.
“First quarter is more than on track – May and June have given Fiscal
2015 a passionate start. That’s a YES!!
A lesson worth sharing: silver linings usually accompany challenges,
microscopic and often missed. Ours is a vivid confirmation that we own a
philosophy that provokes our agility to change direction quickly – while
a dynamic metamorphosis is underway in the soft drink industry. Our
silver lining places us magnificently in the forefront of it! Indeed,
our shareholder value will reflect these opportunistic elements.
Muhammad Ali once said, ‘Taking a punch at certain times . . . may be
far better than giving one!’” concluded Caporella.
P.S.We asked on September 5, 2013 to have you judge our
results – “trailing twelve months ending July 2014” . . . Well, we are
about to see!
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 Fiscal Year Ended |
May 3, 2014 and April 27, 2013 |
(in thousands, except per share amounts) |
|
| |
| |
| | Fiscal Year Ended |
| | May 3, | | April 27, |
| | 2014 | | 2013 |
| | | |
|
Net Sales | | $ | 641,135 | | $ | 662,007 |
| | | |
|
Net Income | | $ | 43,635 | | $ | 46,920 |
| | | |
|
Earnings Per Common Share | | | | |
Basic | | $ | .93 | | $ | 1.01 |
Diluted | | $ | .92 | | $ | 1.01 |
| | | |
|
| | | |
|
Average Common Shares Outstanding | | | | |
Basic | |
| 46,331 | |
| 46,310 |
Diluted | |
| 46,519 | |
| 46,482 |
| | | |
|
The fiscal year ended May 3, 2014 consisted of 53 weeks.
|
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.
Contacts:
National Beverage Corp.
Grace Keene, 877-NBC-FIZZ
Office of
the Chairman
Source: National Beverage Corp.
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