FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- National Beverage Corp. (NASDAQ: FIZZ) today reported ‘Break-Out' results, as previously committed, with revenues and net income surpassing expectations.

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"When one looks at growth potential combined with quality of earnings and unprecedented consumer demand, the question is not one of value . . . but one of indeterminable potential!!" stated Nick A. Caporella, Chairman and Chief Executive Officer, at a recent Michigan executive meeting.

"Indeterminable potential is not only the result of excellent fundamentals . . . but, more profoundly - Genius Innovation! We are on the right side of novel . . . where dynamics such as product development, packaging, Innocent ingredients, millennial optics and shelf marketing are uniquely synthesized. The Result = Indeterminable Potential!" smiled Caporella.

"Good fortune absolutely, but also highly-essenced strategies and impressive brand assets - clearly at work. We have first place, the leadership role in the healthy, sparkling water category. LaCroix is blessed with a cult following. What does that really mean? It means that our consumer base promotes others to follow and favor LaCroix while creating ‘Buzz' and promoting the healthy benefits of our mutually ‘owned' LaLa LaCroix brand.

"This year witnessed ‘proven' predictions relative to many works in progress. The ongoing success of LaCroix's Cúrate ‘theme' continues its unparalleled growth. TangerEEN is proving to be the most dynamic LaCroix launch thus far and LaCroix NiCola is refreshingly satisfying cola converts at every new location," exclaimed Caporella.

"Shasta Sparkling Water SDA (soft drink alternative), with its eloquent design, has been introduced within Shasta's demographic areas where carbonated soft drink consumers who want their nostalgic Shasta flavors - now have a choice of entirely ‘Innocent' and exciting healthy alternatives. While our shareholders are enjoying ‘more than healthy' increases, our innovation and creativity are generating untethered consumer demand.

"Our normally strong first quarter of a new year usually predicts a good year-over-year growth probability. This first quarter will see revenues exceed $200 million for the very first time - another respectable milestone . . . Yes!

"Anxious America wants to be more than healthy - we are doing more than our part!" concluded Caporella.

National Beverage's iconic brands are the genuine essence . . . of America.

"Patriotism" - If Only We Could Bottle It!

Fun, Flavor and Vitality . . . the National Beverage Way

FIZZ Achievements

MILESTONES

• Launch of Shasta Sparkling (SDA) Clean Label - Industry First
• LaCroix TangerEEN Sets New Launch Records
• FIZZ Surpassed $2.5 Billion Market Cap¹
• 1^st Qtr. FY '17 Revenues Will Exceed $200 million - New Milestone

TTM STATISTICS¹

• EBITDA* UP 34% to $118 million
• FIZZ UP 168% to $61.37
• Operating Margin (% of sales) Advanced Additional 10% over FY '16 to 14.5%

¹ Trailing Twelve Months ended July 2, 2016

National Beverage Corp.

Consolidated Results for the Periods Ended

April 30, 2016 and May 2, 2015

Fourth Quarter Statistics

Fiscal Year Ended

April 30, 2016 vs. May 2, 2015

April 30, 2016

May 2, 2015

(in thousands, except per share amounts)

Gross Profit -

Net Sales

$ 704,785

$ 645,825

Up 280 bps to 36.5% of Net Sales

Net Income

$ 61,198

$ 49,311

Operating Income -

Up 43% to $26.5 million

Earnings Per

Common Share

Net Income -

Basic

$ 1.31

$ 1.06

Up 44% to $17.5 million

Diluted

$ 1.31

$ 1.05

EBITDA* -

Average Common Shares

Up 38% to $29.3 million

Outstanding

Basic

46,452

46,353

Diluted

46,671

46,559

This press release includes forward-looking statements within the meaning of the Private Securities

Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks,

uncertainties and other factors which may cause actual results, performance or achievements of the Company

to be materially different from any future results, performance or achievements expressed or implied by

such forward-looking statements. Such factors include fluctuations in costs, changes in consumer

preferences and other items and risk factors described in the Company's Securities and Exchange Commission

filings. The Company disclaims an obligation to update any such factors or to publicly announce the results

of any revisions to any forward-looking statements contained herein to reflect future events or

developments.

*Although the Company reports its financial results in accordance with accounting principles generally

accepted in the United States ("GAAP"), management believes that the disclosure of EBITDA, a non-GAAP

financial measure, may provide users of this financial information with additional insights into the

operating performance of the business. EBITDA (in millions) for the fourth quarter and fiscal year ended

April 30, 2016, and for the trailing twelve months ended July 2, 2016, of $29.3 and $104.9, and $117.8,

respectively, is calculated by adding the following expenses back to Net Income for each of the periods:

Depreciation and Amortization of $3.0, $12.1 and $12.0; Net Interest Expense of $0, $.1 and $.1; and

Provision for Income Taxes of $8.8, $31.5 and $35.9.

 

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National Beverage Corp.
Grace Keene, 877-NBC-FIZZ
Office of the Chairman

Source: National Beverage Corp.

 

 

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