National Beverage Announces Earnings Growth in First Quarter FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–National Beverage Corp. (NASDAQ:FIZZ) today reported financial results for its first quarter ended August 2, 2008:
- Revenues moved to $152.9 million;
- Operating income improved 10% to $11.9 million; and
- Net income grew 8% to $7.8 million, or $.17 per share.
“The continuing strategy to protect margins while compensating for carbonated soft drink (CSD) declines produced growth in both operating and net income for this period,” stated Chairman and Chief Executive Officer, Nick A. Caporella.
“Our volume for the LaCroix line continues to have moderate double-digit growth and the rollout of Àsanté vitamin-enhanced water is on target. These non-CSD products are compensating for the volume decline in retailer branded cases and the temporary softness of our Shasta and Faygo brands, the latter due to the recent curtailment of promotional activity by some retailers,” continued Caporella.
“While this quarter witnessed ‘see-saw’ swings in raw materials, cost increases moderated somewhat and energy costs have stabilized or moved slightly lower, causing a more favorable view ahead. The current economic conditions have impacted our ‘highly leveraged’ competitors giving our major retail partners reason to embrace our brand-related strategic alliance platform. Our manufacturing capacity/location advantage, combined with our strong balance sheet, gives our retail partners confidence that they made the Right Choice,” 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, functionally 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® energy products to make National Beverage . . . America’s Flavor•Favorite – soft-drink company.
Fun, Flavor and Vitality . . . the National Beverage Way