“We Just Love Our LaCroix” Consumers Chant
March 07 2019 - 4:48PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced results
for its third quarter, nine months and trailing twelve months ended
January 26, 2019.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190307005851/en/
In thousands, except EPS:
Net Sales
Net Income EPS Periods Ended January 26,
2019 Three Months* $ 220,891 $
24,809 $ .53 Nine Months 774,190
114,717 $ 2.46 Trailing Twelve Months
1,018,496 151,159 $ 3.24
Periods Ended January 27, 2018 Three Months**
$ 227,477 $ 41,080 $ .88
Nine Months 731,428 113,332 $
2.43 Trailing Twelve Months 943,494
142,493 $ 3.06
* The effective tax rate was
23%
** The effective tax rate was 10.9%
“We are truly sorry for these results stated above. Negligence
nor mismanagement nor woeful acts of God were not the reasons –
much of this was the result of injustice! Managing a brand is not
so different from caring for someone who becomes handicapped.
Brands do not see or hear, so they are at the mercy of their owners
or care providers who must preserve the dignity and special
character that the brand exemplifies. It is important that
LaCroix’s true character is not devalued intentionally − in any
way. National Beverage Corp. is and will remain the preeminent
innovator that adds zest and authenticity to the ‘sparkling water’
phenomenon in North America,” stated Nick A. Caporella, Chairman
and Chief Executive Officer.
“Additionally, gross margins were impacted by volume declines.
Comparisons were further skewed by the adoption of the new tax act
in the third quarter of the prior year, which included credits and
rate reduction adjustments aggregating $11.3 million. Nothing
herein mentioned has detracted from the ultimate value and future
of our dynamic company.
There is no greater passion than the kind that creates the
wonderful refreshment and contentment described as unique! No
doubt, the sound and personality of the word LaCroix, coupled with
the awesome experience of its essence and taste. . . is unique. One
can be induced to purchase by cheapening price or giving away a
product, but falling in love with a feeling of joy is the result of
contentment. Just ask any LaCroix consumer . . . Would you trade
away that LaLa feeling? ‘No way, they shout – We just love our
LaCroix!’ I am positive they respond this way each and every time,”
Caporella concluded.
Innovation should be new – but ours has the
‘essence’ to refresh and captivate with FIZZ + Fun
“Patriotism” – If Only We Could Bottle
It!
National
Beverage Corp. Consolidated Results for the Periods
Ended January 26, 2019 and January 27, 2018
(in thousands, except per share amounts) Three Months
Ended Twelve Months Ended Jan. 26, 2019 Jan.
27, 2018 Jan. 26, 2019 Jan. 27, 2018
Net Sales $ 220,891 $ 227,477
$ 1,018,496 $ 943,494 Net
Income $ 24,809 $ 41,080 $
151,159 $ 142,493 Earnings Per
Common Share Basic $ .53 $
.88 $ 3.24 $ 3.06 Diluted
$ .53 $ .88 $ 3.22
$ 3.04 Avg. Common Shares Outstanding
Basic 46,638 46,603
46,624 46,589 Diluted
46,934 46,923 46,925
46,888 This press release includes forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements involve risks,
uncertainties and other factors described in the Company's
Securities and Exchange Commission filings which may cause actual
results or achievements to differ from the results or achievements
expressed or implied by such statements. The Company disclaims an
obligation to update or announce revisions to any forward-looking
statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190307005851/en/
Office of the Chairman, Grace Keene, 877-NBC-FIZZ
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