Earnings Double in Winter Quarter . . . National Beverage Corp. Shareholders Gain
10 March 2017 - 1:15AM
Business Wire
National Beverage Corp. (NASDAQ:FIZZ) today announces results
for the third quarter of its 2017 Fiscal Year.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170309005743/en/
Operating Margin Growth. (Graphic:
Business Wire)
Investor Conscience
• Nine-month earnings surpassed results
for entire year FY 2016 by 27%.
• EPS for the trailing twelve months was
$2.05, achieving a new milestone.
• Third quarter Revenues grew over 20% to
$195 million.
• Third quarter EPS increased 117% to $
.52.
• TTM January 28, 2017 operating margin
growth climbs to 18.2%.
For the twelve months ended January 28,
2017 and January 30, 2016:
(Dollars in millions except
EPS)
Revenues
Op.
Income
Net
Income
EPS
EBITDA* FY 2017 $ 794 $
145 $ 95 $2.05 $ 157 YOY
Growth 15% 70% 71% 71% 62%
FY 2016 $ 690 $ 85 $ 56
$1.20 $ 97
“In conventional times, great things happen if great choices,
great strategies, great teams and great fortune all align! We are
in the depth of this unique time. Simultaneously, a very rare
phenomenon comprising consumers, aggressive retailers and a new
Mindfulness here at National Beverage . . . ignited an
innovativeness that is extremely compelling to observe,” stated
Nick A. Caporella, Chairman and Chief Executive Officer.
“Consumers are stimulating a dynamic that I have never before
witnessed and this has resulted in retailers converting more and
more aisle space to healthier products. I feel we are very much at
the forefront of this new dynamic,” continued Caporella, speaking
at a recent management conference.
“I am extremely proud that we finished our third quarter with
industry-leading performance and that we are on course for having
our record-setting year. Those of you who are joyous relative to
our products and shareholders that rejoice in their appreciation
and distributions – we hold you all in high esteem. The future has
never been as exciting,” smiled Caporella.
Solid FIZZ Facts
• Greatest performing third quarter
ever.
• Cash balances of $106 million after
January distribution payment of $70 million.
• Soda pop crossover consumers hydrate
nearly the same in winter and summer periods.
• 75% through FY2017 – results reflect a
record year in the making.
• Second cash distribution to be announced
prior to FY2017 year end.
• Special dividend based on length of time
held – forthcoming announcement.
• LaCroix + Shasta SDA (soft drink
alternative) Brand Values reflect – Contrails!
FIZZ IS – HEALTHY SPARKLING, ALL-WAYS!
National Beverage’s iconic brands are the
genuine essence . . . of America
“Patriotism” – If Only We Could Bottle It!
National Beverage Corp. Consolidated
Results for the Periods Ended January 28, 2017 and January
30, 2016
(in thousands, except per share
amounts)
Sparkling Performance
Three Months Ended Nine
Months Ended Jan. 28, 2017 Jan. 30,
2016 Jan. 28, 2017 Jan. 30, 2016
Bottled water consumption will surpass carbonated
soft drinks
Net Sales
$ 194,564 $ 161,687 $ 614,852 $ 525,751
this year as the largest beverage category in the
U.S. (1) Net Income $ 24,285 $
11,236 $ 77,884 $ 43,661 LaCroix is the
fastest growing Earnings Per
natural sparkling water
brand.(2)
Common Share
Basic $ .52 $ .24 $ 1.67 $ .94
National Beverage innovates Diluted $ .52 $
.24 $ 1.67 $ .93 as Natural as it
Sparkles. Average Common Shares Outstanding
Basic 46,566 46,448 46,561
46,420 Diluted 46,763 46,707
46,764 46,648
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.
*Although the Company reports its financial results in
accordance with accounting principles generally accepted in the
United States ("GAAP"), management believes that the disclosure of
EBITDA, a non-GAAP financial measure, may provide users with
additional insights into the operating performance of the business.
EBITDA (in millions) of $157.0 and $96.7 for the 12 months ended
January 28, 2017 and January 30, 2016, respectively, is calculated
by adding the following expenses back to Net Income: Depreciation
and Amortization of $12.6 and $11.8; Net Interest (Income) Expense
of ($.3) and $.2; and Provision for Income Taxes of $49.3 and
$29.0.
(1) Zenith International data - all channels
(2) SPINS (Specialty Products Industry Natural Stores) scan data
52 weeks ending January 22, 2017.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170309005743/en/
National Beverage Corp.Grace Keene, 877-NBC-FIZZOffice of the
Chairman
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