National Beverage Corp.'s Winter Quarter Produces 'Hot' . . . Results
March 14 2007 - 9:10AM
Business Wire
National Beverage Corp. (AMEX:FIZ) today reported financial results
for its third quarter ended January 27, 2007. Compared to the third
quarter of the prior year: Revenues increased 7% to $117.1 million;
and Earnings per Share improved 33% to $.08. For the nine months
ended January 27, 2007: Revenues grew $19.6 million to $403.1
million; and Earnings per Share increased 11% to $.49. �The focus
on maximizing growth of our premium products led to achieving
record third quarter results during what is typically our weakest
period. Strict adherence to our growth plan that concentrates our
efforts on the demographics and distribution for our premium
beverages produced these superior results,� stated Chairman and
Chief Executive Officer, Nick A. Caporella. �Rip It energy fuel,
LaCroix waters and Everfresh juices all posted volume gains that
more than offset challenges within the typical carbonated soft
drink segment . . . and while the effects of increased selling
prices have yet to be determined, we are encouraged by our
�designed� performance,� continued Mr. Caporella. �Innovation is
our mantra . . . products, consumers, distribution and shareholders
will certainly benefit from our creative diligence! We believe it�s
no coincidence that the introduction of our newest �female� energy
beverage �Chic� and the recent successes of its spokesperson,
Olympic Ski Champion Julia Mancuso . . . smack of a winning
prophecy,� concluded Caporella. National Beverage is a UNIQUE
BEVERAGE COMPANY that innovates and produces energy drinks,
powders, soft drinks, bottled waters, juices and juice products,
and is highly recognized for a line of refreshing flavors through
its popular brands: Shasta�, Faygo�, Ritz�, Everfresh�, Mr. Pure�,
LaCroix�, Rip It� , Rip It Chic� and FREEK�. Fun, Flavor and
Vitality . . . the National Beverage Way National Beverage Corp.
Consolidated Results for the Three Months and Nine Months Ended
January 27, 2007 and January 28, 2006 (in thousands, except per
share amounts) � Three Months Ended Nine Months Ended January 27,
January 28, January 27, January 28, 2007� 2006 (a) 2007� 2006 (a) �
Net Sales $ 117,123� $ 109,587� $ 403,077� $ 383,452� � Net Income
$ 3,034� $ 2,297� $ 18,542� $ 16,554� � Net Income Per Share: Basic
$ .08� $ .06� $ .49� $ .44� Diluted $ .08� $ .06� $ .48� $ .43� �
Average Common Shares Outstanding: Basic 38,143� 37,860� 38,128�
37,728� Diluted 38,388� 38,325� 38,384� 38,283� � � � (a)January
28, 2006, three-month and nine-month periods included $.02 and
$.14, respectively, for the previously disclosed sweetener
settlement. � � � 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 and the
Company undertakes no obligations to update the forward-looking
statements.
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