National Beverage Corp. Boasts Dividends and Results for Fiscal Year 2022
29 Junio 2022 - 3:13PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced results
for its Fiscal Year ended April 30, 2022:
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220629005708/en/
LaCroix Cherry Blossom - 'Dazzling Taste
of Spring' Float! (Photo: Business Wire)
- Net sales grew 6.1% to $1.14 billion, the highest net sales in
the company’s history,
- Gross profit was $417.8 million,
- Operating income was $207.9 million,
- Earnings per share was $1.70, the second highest EPS ever
reported; and
- Cash dividends totaling $6.00 per share were paid during fiscal
years 2022 and 2021.
“Our operating results for the year continue to reflect the
unexpected and lasting effects of Covid 19. We feel confident that
our purpose and diligence have allowed us to react to the
untimeliness of these conditions, as evidenced by the slight
increase in gross profit per case throughout this unprecedented
volatility. We have also heightened our focus on our brands and
consumers and were rewarded by brand LaCroix achieving volume gains
despite excessive discounting by various competitors. We are
fortunate to have retail partners that continuously give their
support and brands that respond positively. Throughout this period,
we have expanded our social media platform and continue to broaden
its importance,” stated a Company spokesperson.
“Additionally, we continue to innovate with flavors and
packaging. Following the successful launch of Beach Plum, Black
Razzberry and Guava São Paulo in fiscal 2021, we introduced the
unique flavor of LaCroix Cherry Blossom late in the fourth quarter
of fiscal 2022. This launch featured social and outdoor media, spot
radio, consumer sampling and attractive retail in-store displays.
Cherry Blossom also dazzled onlookers at the iconic National Cherry
Blossom Festival in Washington DC and was declared 2022 winner of
the flavored water category by PEOPLE magazine. Praised for its
fruity ‘lightly floral’ notes, one staffer declared ‘It’s like
spring in a can’.”
“We remain focused on balancing margin management with sound
growth and believe our proven brand portfolio positions us well for
the new fiscal year. Our proven agility will allow us to adapt to
future economic conditions in this time of unprecedented
uncertainty and Opportunity, and continue to offer our shareholders
a superior return on creativity,” concluded the spokesperson.
“Patriotism” – If Only We Could Bottle It!
National Beverage Corp. Consolidated Results for the
Fiscal Years Ended April 30, 2022, May 1, 2021 and May 2,
2020 (in thousands, except per share amounts)
Fiscal Year Ended April 30, 2022 May 1, 2021
May 2, 2020* Net Sales
$
1,138,013
$
1,072,210
$
1,000,394
Net Income
$
158,512
$
174,146
$
129,972
Earnings Per Common Share Basic
$
1.70
$
1.87
$
1.39
Diluted
$
1.69
$
1.86
$
1.39
Avg. Common Shares Outstanding Basic
93,323
93,280
93,256
Diluted
93,599
93,620
93,656
* Fiscal year 2020 consisted of 53 weeks; both Fiscal year
2022 and 2021 consisted of 52 weeks. 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/20220629005708/en/
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