National Beverage Corp. Delivers . . . Good Tidings – Good Results – Good Cheer!
December 10 2020 - 4:12PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today released the
following:
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20201210006088/en/
Extravagance of Delicious!! (Photo:
Business Wire)
“National Beverage is committed to bringing joy and good tidings
to America, especially during these trying times. Each and every
day, we diligently attempt to refresh our loyal consumers with
feel-good, creative innovations in taste, unique flavors and
eye-catching packaging,” stated a company spokesperson.
For the quarter ended October 31, 2020:
Second Quarter FY 2021 vs. Second
Quarter FY 2020
- Net sales were $272 million, up 8%;
- Gross margin was $108 million, up 16.4%;
- Operating profit increased from 16.6% to 22.7% of sales;
and
- Net income was $47.2 million or $ 1.01 per share, up 44%.
For the trailing 12
Months
- Net sales were $1,050 million, up 7.6%;
- Operating margins increased 430 bps;
- Earnings per share increased 36.8% to $3.46; and
- Cash increased $172 million to $405 million.
“How does National Beverage create so much goodness?
Mull this wonderful thought over . . . We are the cost of a tiny
pick-up truck away from returning ONE BILLION DOLLARS to our
shareholders.
Is that goodness?
Mull this second thought over . . . The day we started National
Beverage, we couldn’t afford to buy that tiny pick-up truck.
Is that goodness?
Mull this third thought over . . . The day we produced the first
can of LaCroix sparkling water, no other premium domestic sparkling
water existed.
Is that goodness?
Mull this fourth thought over . . . Fast forward to this press
release. National Beverage cultivates the finest team of dedicated
people in the beverage industry. Its three newest flavors,
LimonCello, Pastèque and Hi-Biscus, are unique to the world of
beverages.
Now certainly, that is goodness!
These are just a few of the long list of intangible factors that
make National Beverage genuinely the company that no analyst ever
writes or even knows about. Yes, we are blessed with the unique DNA
of aggressiveness and creativity, and we ALL go to work each
morning with one thought in mind; we are going to outdo ourselves
today while making the highest-quality beverages for our loyal
consumers.
Now again, that is goodness!
The current pandemic is rampant and requires our complete
diligence. That special DNA that we judge ourselves and our
products with not only inspires us to create the finest-tasting
beverages, but also instills compassion in all that we tastefully
stand for. Hopefully, the vaccines promised soon will bring us back
to some form of normalcy.
Companies do not end up doing good for their shareholders, they
start with their commitment to the shareholders – and make good on
it!
This is the core of all that we are at National Beverage
Corp.
Wishing you a Merry Christmas, Happy Holidays and a virus-free
Earth,” concluded the spokesperson.
National Beverage Corp. Consolidated Results for
the Periods Ended October 31, 2020 and October 26, 2019
(in thousands, except per share amounts)
Three Months Ended
Twelve Months Ended
Oct. 31, 2020 Oct. 26, 2019 Oct. 31, 2020
Oct. 26, 2019 Net Sales
$
271,809
$
251,611
$
1,050,391
$
975,985
Net Income
$
47,164
$
32,654
$
161,105
$
118,140
Earnings Per Common Share Basic
$
1.01
$
.70
$
3.46
$
2.53
Diluted
$
1.01
$
.70
$
3.44
$
2.52
Average Common Shares Outstanding Basic
46,638
46,653
46,610
46,654
Diluted
46,877
46,877
46,765
46,868
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20201210006088/en/
Office of the Chairman Grace Keene 877-NBC-FIZZ
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