Company Website:
http://www.nationalbeverage.com
FORT LAUDERDALE, Fla. -- (Business Wire)
National Beverage Corp. (NASDAQ:FIZZ) today reported results for Fiscal
2013.
For the year ended April 27, 2013 ‒
-
Revenues increased to $662 million, up 5%
-
Net income increased to $47 million, up 7%
-
Earnings per share increased to $1.01, up 6%
“This was a year that witnessed consumer trends/mood severely change
their preferences. It is very tempting to write about all the
challenges; from corn costs to horrific explosions – to fear-induced
bomb or tornado catastrophes, but why do
that? Instead, we count our blessings for results that are far better
than our industry peers anticipated,” stated Nick A. Caporella, Chairman
and Chief Executive Officer.
“One can read our regulatory filings to learn more of why and how this
great year came about. Instead, I would like to share some feelings,”
continued Caporella.
“Our most recent dividend; the appreciation of our common stock; the
diligence of our devoted team; the health and wellness of our brands and
the good blessings bestowed upon us . . . make us extremely grateful and
humbly appreciative! Thank you,” Caporella continued.
“This writing in July, significantly into our first quarter, finds our
nation and our world at the mercy of all the dilemma that has been
present for so long – and I sense a more weary, more anxious and more
challenged consumer – one that is harassed by nearly every issue and
everyone . . . one that wants normalcy to return and quickly."
“Last May and June, we had picnic weather and record revenues; this year
witnessed no picnics, sickening explosions and weeks of tornados. This
fiscal year 2014, our performance will demand a rare form of excellence.
Our past being the ultimate barometer, certainly we have what it takes
to do – just that!” 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 Fiscal Year Ended |
April 27, 2013 and April 28, 2012 |
(in thousands, except per share amounts) |
| |
| |
| |
| | | Fiscal Year Ended |
| | | April 27, | | April 28, |
| | | 2013 | | 2012 |
| | | | |
|
Net Sales | | $ | 662,007 | | $ | 628,886 |
| | | | |
|
Net Income | | $ | 46,920 | | $ | 43,993 |
| | | | |
|
Earnings Per Common Share | | | | |
| Basic | | $ | 1.01 | | $ | .95 |
| Diluted | | $ | 1.01 | | $ | .95 |
| | | | |
|
| | | | |
|
Average Common Shares | | | | |
Outstanding | | | | |
| Basic | |
| 46,310 | |
| 46,267 |
| Diluted | |
| 46,482 | |
| 46,448 |
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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