Fort Lauderdale, Florida, March 6 - National Beverage Corp. today reported financial results for its third quarter ended January 26, 2008.
Compared to the prior year:
-
Revenues increased 5% to $123.2 million;
-
Operating Income increased 13% to $4.9 million; and
-
Net Income increased 7% to $3.3 million.
“Led by our Rip It energy drinks and LaCroix water brands, the continued volume gains of higher-margin products allowed us to overcome significant cost pressures and softness in the carbonated soft-drink market in what is traditionally our weakest quarter,” stated Chairman and Chief Executive Officer, Nick A. Caporella. “On an operating basis, this was one of our best third quarters ever, with the Everfresh / Mr. Pure juice lines also reporting solid growth.”
“We are pleased with the initial response to the introduction of our newest functional products, the Àsanté line of enhanced waters. Fortified with vitamins, minerals and electrolytes, Àsanté will provide consumers superior flavor and lower calories at a value price. Final development work has also been completed on several other announced new products, including BODYWORX premium enhanced waters, Sundance organic tea/super-fruit blends and the Nutrafizz line of effervescent tablets, with rollouts scheduled to begin during our fourth quarter,” concluded Caporella.
National Beverage is highly innovative, making it unique as a pace-setter in the changing soft-drink industry. Its lineup of refreshment products consisting of – Energy Drinks and Fortified Powders, Vitamin Enhanced juices and waters, and new-to-come beverage supplements are geared toward the lifestyle/health-conscious consumer.
Shasta® – Faygo® – Everfresh® and LaCroix® are aligned with Rip It® and FREEK™ energy products to make National Beverage . . . America’s Flavor•Favorite – soft-drink company.
|
National Beverage Corp. |
|
Consolidated Results for the Periods Ended |
| January 26, 2008 and January 27, 2007 |
| |
| (in thousands, except per share amounts) |
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended |
|
Nine Months
Ended |
|
Twelve Months
Ended |
|
|
|
January 26, |
|
January 27, |
|
January 26, |
|
January 26, |
|
|
|
2008 |
|
2007 |
|
2008 |
|
2008 |
|
|
|
|
|
|
|
|
|
|
|
| Net Sales |
|
$ |
123,182 |
|
$ |
117,123 |
|
$ |
418,474 |
|
$ |
554,427 |
|
|
|
|
|
|
|
|
|
|
|
| Net Income |
|
$ |
3,254 |
|
$ |
3,034 |
|
$ |
16,916 |
|
$ |
23,056 |
|
|
|
|
|
|
|
|
|
|
|
| Net Income Per Share (a): |
|
|
|
|
|
|
|
|
|
| Basic |
|
$ |
.07 |
|
$ |
.07 |
|
$ |
.37 |
|
$ |
.50 |
|
| Diluted |
|
$ |
.07 |
|
$ |
.07 |
|
$ |
.37 |
|
$ |
.50 |
|
|
|
|
|
|
|
|
|
|
|
| Average Common Shares Outstanding (a): |
|
|
|
|
|
|
|
|
|
| Basic |
|
|
45,912 |
|
|
45,772 |
|
|
45,875 |
|
|
45,854 |
|
| Diluted |
|
|
46,094 |
|
|
46,066 |
|
|
46,107 |
|
|
46,109 |
|
|
|
|
(a) Prior year net income per share and average common shares outstanding amounts are adjusted for the 20% stock dividend distributed on June 22, 2007. |