National Beverage Corp. Reports Highest Second Quarter Sales
08 Diciembre 2022 - 3:30PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced results
for its second quarter ended October 29, 2022.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20221208005901/en/
New Rip It Energy Fuel Flavors (Graphic:
Business Wire)
Second Quarter Ended October 29, 2022 vs.
Second Quarter Ended October 30, 2021:
- Net sales increased to $300 million, our highest second
quarter;
- Net income was $36 million;
- Earnings per share was $.39; and
- Cash grew to $93 million.
“While many companies write about the current business
environment and its conditions, that’s not what this earnings
release is about. Wall Street, news stations, podcasts and other
media outlets repetitively keep everyone informed,” stated a
company spokesperson.
“This earnings release is about our
differences and what makes National Beverage deserving of your
attention and possibly your choice for our refreshing
beverages.
Significant Realities:
- Philosophy . . . Affirmed, Measured, Commendable
Performance
- Our business is ‘quick off the shelf’ and growth oriented
Our business has continued to outperform in the most adverse
conditions, throughout the most competitive atmosphere including a
pandemic with its related consequences. The top ten flavors of our
LaCroix brand, part of our Power+ brands, have exhibited strong
growth, exceeding that of the category.”
“Our innovative designs and taste creations give us the ability
to develop top-selling, one-of-a-kind flavors. As an example,
during the height of the recent pandemic, our LaCroix brand
developed and created a unique flavor that rapidly became our
leading growth flavor in America.
- Our Company does not have to wait for our consumers to wear
something out to replace it. In minutes, our consumers are ready
for another exciting flavor.
- Look at our earnings chart. The second quarter revenues are the
highest in our history. Being able to state this performance is
quite a feat during these trying times.
- Sales are a priority in order to realize profits. Focus and
diligence on cost of sales control margins, and our sequential
margin growth further confirms that focus and diligence.
- Expansion Possibilities:
- Canada and Mexico are areas of continued growth. Mexico, which
once had one of the highest per-capita cola consumption in the
world, is rapidly converting from cola preferences to flavored
drinks and sparkling waters.
- Significant U.S. retailers have expanded into Mexico and
Europe, thus creating an opportunity for our international
expansion.
- National Beverage Corp. owns iconic brands that command premium
pricing. Retail customers want to sell these products, enhancing
their margins.
This earnings release does not address that steep, curvy road
that produces conditions which cause many other businesses to
rethink their workforce. While the world of uncertainty still
exists, National Beverage has withstood the worst of times.
Retailers, consumers and investors recognize that our leading
innovations produce new and exciting results. We not only excite
retailers with our new taste and packaging, our consumers eagerly
anticipate the next unique flavor innovations by LaCroix. Long-term
consumers and loyal investors of FIZZ acknowledge that unique
innovation, taste and packaging translate into praiseworthy company
performance and value.”
“In addition to continued flavor and packaging innovations for
LaCroix, we have rolled out unique new Rip It energy drink flavors
and graphics in the quarter. Consumers love ‘Re-Energizzed’ YOLO,
our pineapple flavor that's savory, sweet, and charged with
tropical zest; our new louder-than-life flavor, Melon Hi; and our
sweetest and wildest new flavor, Can'D Man.”
“Learning how and why our differences transcend the present
economic conditions is what we are addressing with this press
release today.
At National Beverage we have a saying . . . ‘While we may not be
able to predict the future . . . certainly we have the ability to
invent a new one!’
As 2022 comes to a close, we would like to express our profound
gratitude for our loyal consumers, dedicated retail partners,
shareholders and all of Team National. We wish Peace and Joy to all
at this Wonderful Time of Year!” the spokesperson concluded.
“Patriotism” – If Only We Could Bottle It!
National Beverage
Corp.
Consolidated Results for the
Periods Ended
October 29, 2022 and October
30, 2021
(in thousands, except per share amounts) Three
Months Ended Six Months Ended Oct. 29, 2022
Oct. 30, 2021 Oct. 29, 2022 Oct. 30, 2021
Net Sales
$
299,633
$
283,158
$
617,750
$
594,870
Net Income
$
36,046
$
39,284
$
71,500
$
93,100
Earnings Per Common Share Basic
$
.39
$
.42
$
.77
$
1.00
Diluted
$
.39
$
.42
$
.76
$
.99
Average Common Shares Outstanding Basic
93,344
93,321
93,341
93,310
Diluted
93,602
93,640
93,601
93,607
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221208005901/en/
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