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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): March 16, 2005
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National Beverage Corp.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-14170 59-2605822
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(Commission File Number) (IRS Employer Identification No.)
One North University Drive
Fort Lauderdale, Florida 33324
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(Address of Principal Executive Offices) (Zip Code)
(954) 581-0922
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition
On March 16, 2005, National Beverage Corp. issued a press release announcing its
financial results for the three and nine month periods ended January 29, 2005.
This release is furnished herewith as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
(c) Exhibit 99.1 Press release dated March 16, 2005 announcing the
Company's earnings for the three and nine month
periods ended January 29, 2005.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
National Beverage Corp.
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(Registrant)
Date: March 16, 2005 /s/ Dean A. McCoy
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Dean A. McCoy
Senior Vice President -
Chief Accounting Officer
EXHIBIT INDEX
99.1 Press release dated March 16, 2005 announcing the Company's earnings for
the three and nine month periods ended January 29, 2005.
Exhibit 99.1
National Beverage Corp. Reports 'Winter' Results
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--March 16, 2005--National Beverage
Corp. (AMEX:FIZ) today announced results for its third quarter and nine-month
period ended January 29, 2005. For the nine months, sales were $374.9 million
with earnings of $13.6 million, or $.35 per share. For the comparable period in
the prior year, sales were $382.1 million and earnings were $13.8 million, or
$.36 per share. For the third quarter ended January 29, 2005, sales totaled
$103.5 million with earnings of $.6 million or $.02 per share.
"Revenues did not meet the target and, further, decreased by 1.9% for the
like nine-month period in FY2004. This was the result of a significant decline
in the allied branded portion of our business and the volume shortfall due to
pricing to recapture cost increases. The performance of our flavored soft-drink
brands was strong enough to almost totally offset the allied brand decline,"
stated Nick A. Caporella, Chairman and Chief Executive Officer.
"This allied branded decline was the result of circumstances not related to
any responsibility of our Company," Caporella continued.
"Our third quarter is always affected by weather. This one had cold
weather, high-energy costs, raw material increases and consumer spending
woes...certainly not the most ideal conditions. Notwithstanding the 132
continuous months of sustained profitability...and the current war, with its
collateral effects, we certainly are not pleased with these results," Caporella
continued.
"Our excellent balance sheet and our recognized flavored soft-drink
presence will continue to enhance our future and the future of our employees and
shareholders," concluded Caporella.
National Beverage produces soft drinks, bottled waters, juices and juice
products and is highly recognized for a line of refreshing flavors through its
popular brands: Shasta(R), Faygo(R), Ritz(R), Everfresh(R), Mr. Pure(R),
LaCroix(R) and Rip It(R).
Fun & Flavor...the National Beverage Way
National Beverage Corp.
Consolidated Results for the Three Months and Nine Months Ended
January 29, 2005 and January 31, 2004
(in thousands, except per share amounts)
Three Months Ended Nine Months Ended
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January 29, January 31, January 29, January 31,
2005 2004 2005 2004
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Net Sales $103,511 $107,026 $374,881 $382,064
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Net Income $586 $1,356 $13,562 $13,827
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Net Income Per Share:
Basic $.02 $.04 $.36 $.38
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Diluted $.02 $.04 $.35 $.36
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Average Common Shares
Outstanding:
Basic 37,578 36,876 37,571 36,855
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Diluted 38,266 38,163 38,257 38,146
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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 described in the Company's Securities
and Exchange Commission filings and the Company undertakes no
obligations to update the forward-looking statements.
CONTACT: National Beverage Corp., Fort Lauderdale
Grace A. Keene, 954-581-0922