National Beverage Corp. Reports Outstanding First Quarter... The Summer of ‘FIZZ’
September 05 2024 - 3:15PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced results
for its first quarter ended July 27, 2024. Compared to the prior
year:
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the full release here:
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LaCroix Strawberry Peach (Photo: Business
Wire)
- Net sales increased to a record $329 million.
- Operating profit increased 10% to $70 million.
- Net income increased 14% to a record $57 million.
- After a $304 million dividend payment, cash exceeded $77
million; and
- Earnings per share increased from $.53 to $.61.
“Some may call this summer of 2024 – the summer of gold, the
summer of champions and maybe even the summer of challenges. We at
National Beverage call it the summer of ‘FIZZ’. The rising tide of
our Company lifts more than taste and innovation, it also begins a
new chapter that lifts the spirit and magnifies the focus within
our Company. It took many years of hard work, dedication,
perseverance and some failures to stand at this unique spot today,”
stated a company spokesperson.
“The beginning of our new fiscal year brought about a period of
boundless discovery, generating such innovative and inspiring
creations as our latest and exciting flavor – Strawberry Peach –
which blends the sweet, vibrant taste of strawberries with the
luscious, juicy flavor of peaches. Launched less than 30 days ago
to strong consumer response, Strawberry Peach will soon be
available nationwide.”
“It is critical to understand the importance of our consumers’
attraction to our beverages. They are first drawn to the design of
the package – graphics that stimulate curiosity, imagination,
trust, acceptance and loyalty . . . for life! No package design,
flavor profile or flavor name is finalized and released to the
marketplace without enormous thought, passion, research and yes . .
. love. Our consumers deserve and expect the very best from us and,
not only are we living up to their expectations, in most cases we
are exceeding them. Our aim . . . is their joy!”
“The July special cash dividend payment of $3.25 per share is
further testimony to our summer of outstanding performance and
innovative products that generate strong operating cash flows. We
remain dedicated to delivering great-tasting beverages with
emotional and sensory appeal to our consumers while providing
exceptional value to our shareholders,” the spokesperson
concluded.
“Patriotism” – If Only We Could Bottle It!
National Beverage Corp. Consolidated Results for the
Periods Ended July 27, 2024 and July 29, 2023
(in thousands, except per share amounts) Three Months
Ended Trailing Twelve Months July 27, 2024
July 29, 2023 July 27, 2024 July 29, 2023
Net Sales
$
329,473
$
324,240
$
1,196,927
$
1,179,055
Net Income
$
56,780
$
49,631
$
183,881
$
156,341
Earnings Per Common Share Basic
$
.61
$
.53
$
1.97
$
1.67
Diluted
$
.61
$
.53
$
1.96
$
1.67
Average Common Shares Outstanding Basic
93,569
93,354
93,483
93,351
Diluted
93,667
93,610
93,644
93,610
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/20240905191200/en/
Office of the Chairman, Grace Keene 877-NBC-FIZZ
www.nationalbeverage.com
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