‘Grass Turning Greener’ States National Beverage Corp.; First Quarter Revenues Up; Cites Long-Term Performance Chart
08 Septiembre 2022 - 3:30PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced results
for the first quarter of its 2023 fiscal year.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220908006030/en/
Long-Term Performance Chart (Graphic:
Business Wire)
First Quarter Ended July 30,
2022:
- Net sales increased to $318.1 million
- Net income was $35.5 million
- Earnings per share was $.38
- Cash grew to $56 million after $30 million of debt
repayment
“A company’s principal fiduciary purpose is to not only protect
shareholder investment; its ultimate goal is to create long-term
enterprise value. Presently, that goal is being compromised by
factors never before witnessed.
As the leader of the premium domestic sparkling water category,
LaCroix was impacted by the volume declines of the category and the
apparent trading-down by consumers. Our Power+ brands previously
recorded revenue and volume growth for 23 years, and we certainly
plan for the return of normalized marketplace conditions that
promote pre-pandemic brand growth,” stated a company
spokesperson.
“In a recent letter to our shareholders, we included the
following:
‘Our Company has an undeniable connection
with its long-term shareholders. Those shareholders who have
rewarded us with their loyalty have been justly rewarded with 750%
appreciation since becoming a public company, compared to 196% in
the S&P 500 over that same period. We also have shared our free
cash flow with our shareholders by paying $1.2 billion in cash
dividends over the last 17 years.’
We are committed to strengthening our focus to create long-term
brand equity by upholding marketplace price discipline while
remaining focused on managing margins and cash flows. We continue
to believe that this philosophy, together with our innovative
strengths, have positioned National Beverage for long-term success
and the ability to create appreciable shareholder value,” concluded
the spokesperson.
“Patriotism” – If Only We Could Bottle It!
National Beverage Corp. Consolidated Results for the
Three and Twelve Month Periods Ended July 30, 2022 (in
thousands, except per share amounts)
3 Months Ended
12 Months Ended
July 30, 2022
Net Sales
$
318,117
$
1,144,418
Net Income
$
35,454
$
140,150
Earnings Per Common Share Basic
$
.38
$
1.50
Diluted
$
.38
$
1.50
Average Common Shares Outstanding Basic
93,338
93,331
Diluted
93,599
93,605
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/20220908006030/en/
Office of the Chairman, Grace Keene 877-NBC-FIZZ
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