National Beverage's fiscal Q1 earnings rise 26.3% to US$9.79M as its core soft-drink brands pushed net sales up by about 6.5%
FORT LAUDERDALE, Florida
September 10, 2009
– National Beverage Corp. (NASDAQ: FIZZ - News) today reported financial results for its first quarter ended August 1, 2009:
* $163 million revenues – 6.5% increase;
* $9.8 million net income – $.21 per share;
* $.21 per share EPS – 24% increase
“The ‘value conscious’ consumer seeking variety – and recognized quality continues to choose our traditional Shasta and Faygo flavors to refresh and entertain themselves. This consumer’s brand loyalty has resulted in double-digit increases of our core soft-drink brands and impacted gains in revenues and net income – marking an excellent first quarter,” stated Nick A. Caporella, Chairman and Chief Executive Officer.
“Unfortunate circumstances tend to leave behind some good lessons – our good fortune is a result of a lesson – the conditioning this daunting economy has re-instilled in all of us – value, value, value, and more value! This education will last a very long time – and our century-wise, time-honored flavor brands, Shasta and Faygo, boldly incite real value for both consumers and retailers alike! Also, it was great having Bon Appétit in their September issue confirm what we have always known – that Faygo Root Beer is ranked number one in the land! Yes, that the distinctive flavor of Root Beer is the newest restaurant trend on menus across the nation! . . . Another ‘win’ on Team National’s score card,” Caporella continued.
“Our recent Annual Report exploits our drive and relentless determination – as it should! We are quite pleased with the start to our new fiscal year. Team National intends to continue delivering ‘wins’ – to our shareholders, fellow employees, consumers and retail partners . . . all!” proclaimed Caporella.
National Beverage is highly innovative, making it unique as a pace-setter in the changing soft-drink industry. Its lineup of refreshment products including – energy drinks, fortified powders and supplements, and functionally enhanced juices and waters – 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.
IndustryIntel Editor’s Note: In an omitted table, the company reported fiscal Q1 net sales of US$162.8 million, earnings of US$9.79 million and diluted earnings per share of US$0.21. For the same period a year ago, the company reported net sales of US$152.9 million, earnings of US$7.75 million and diluted earnings per share of US$0.17.
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