National Beverage Corp. Continues Its Healthy Performance; Reports Best Ever Winter Quarter
Third Quarter FY 2021 vs. Third Quarter FY 2020
- Net sales were
$246 million , up 10%; - Gross profit was
$96 million , up 16.5%; - Net Income increased 38% to
$37 million ; and - Earnings per share was
$.39 vs.$.29
TTM ended
- Net sales were
$1.074 billion , up 10%; - EBITDA* was
$240 million , up 41%; - Operating profit margin increased to 21%; and
- Earnings per share grew 43% to
$1.84
“In addition to being our all-time best winter quarter, our third quarter was our fifth consecutive quarter of year-over-year revenue and profit growth,” stated a company spokesperson. “Led by LaCroix sparkling water, our Power+ portfolio volume grew 14%, and all our other major brands posted volume increases. As a result of pandemic related measures, more consumers were introduced to the great tasting innocence of LaCroix, and we believe many of these new ‘converts’ will remain loyal fans long after the stay-at-home lifestyle wanes.
During the quarter we paid a
At the core of National Beverage’s innovation is its unique imagination and healthy promise that provides superior taste along with a refreshing mindset. We continue to surprise our devoted consumers with our unmatched innovation and they continue to reciprocate with their allegiance. Our sales and margins have improved despite the efforts of competitors to introduce LaCroix knockoffs, but even heavy promotional pricing by the cola giants and others has not affected our growth. LaCroix continues to be the ultimate core brand of the most discriminating consumer.
After payment of the
We love our LaCroix . . .
We are passionate about our LaCroix
We are crazy about our LaCroix . . .
We #LIVE LaCroix!!
Consolidated Results for the Periods Ended | |||||||||||||
(in thousands, except per share amounts) | |||||||||||||
Three Months Ended | Twelve Months Ended | ||||||||||||
$ |
245,931 |
$ |
222,814 |
$ |
1,073,508 |
$ |
977,908 |
||||||
Net Income |
$ |
36,687 |
$ |
26,563 |
$ |
171,228 |
$ |
119,896 |
|||||
Earnings Per Common Share | |||||||||||||
Basic |
$ |
.39 |
$ |
.29 |
$ |
1.84 |
$ |
1.29 |
|||||
Diluted |
$ |
.39 |
$ |
.28 |
$ |
1.83 |
$ |
1.28 |
|||||
Average Common Shares Outstanding | |||||||||||||
Basic |
|
93,296 |
|
93,200 |
|
93,276 |
|
93,264 |
|||||
Diluted |
|
93,610 |
|
93,604 |
|
93,586 |
|
93,674 |
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 |
|
*Although the Company reports its financial results in accordance with accounting principles generally accepted in |
View source version on businesswire.com: https://www.businesswire.com/news/home/20210311005990/en/
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