false 0000069891 0000069891 2020-12-10 2020-12-10
Washington, DC 20549
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): December 10, 2020
National Beverage Corp.

(Exact Name of Registrant as Specified in Its Charter)

(State or Other Jurisdiction of Incorporation)
1-14170 59-2605822
(Commission File Number) (IRS Employer Identification No.)
8100 SW Tenth Street, Suite 4000  
Fort Lauderdale, Florida 33324 
(Address of Principal Executive Offices) (Zip Code)
(954) 581-0922
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each Class      Trading Symbol Name of each exchange on which registered
Common Stock, par value $.01 per share FIZZ The NASDAQ Global Select Market
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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition
On December 10, 2020, National Beverage Corp. issued a press release announcing financial results for the second quarter ended October 31, 2020. The information in Item 2.02 of this report, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01 Financial Statements and Exhibits
Exhibit 99.1
  Exhibit 104 Cover Page Interactive Data File (formatted as Inline XBRL)
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.
/s/ George R. Bracken
  George R. Bracken
  Executive Vice President – Finance
  (Principal Financial Officer)
Date: December 11, 2020
Press release dated December10, 2020 announcing the Company’s financial results for the second quarter ended October 31, 2020.
Cover Page Interactive Data File (formatted as Inline XBRL)

Exhibit 99.1


For Immediate Release

Contact: Office of the Chairman, Grace Keene






FORT LAUDERDALE, FL, December 10, 2020 . . . National Beverage Corp. (NASDAQ: FIZZ) today released the following:


“National Beverage is committed to bringing joy and good tidings to America, especially during these trying times. Each and every day, we diligently attempt to refresh our loyal consumers with feel-good, creative innovations in taste, unique flavors and eye-catching packaging,” stated a company spokesperson.


For the quarter ended October 31, 2020:


Second Quarter FY 2021 vs. Second Quarter FY 2020



Net sales were $272 million, up 8%;



Gross margin was $108 million, up 16.4%;



Operating profit increased from 16.6% to 22.7% of sales; and



Net income was $47.2 million or $ 1.01 per share, up 44%.



For the trailing 12 Months 



Net sales were $ 1,050 million, up 7.6%;



Operating margins increased 430 bps;



Earnings per share increased 36.8% to $3.46; and



Cash increased $172 million to $405 million.








National Beverage Corp.

Page 2



“How does National Beverage create so much goodness?


Mull this wonderful thought over . . . We are the cost of a tiny pick-up truck away from returning ONE BILLION DOLLARS to our shareholders.


Is that goodness?


Mull this second thought over . . . The day we started National Beverage, we couldn’t afford to buy that tiny pick-up truck.


Is that goodness?


Mull this third thought over . . . The day we produced the first can of LaCroix sparkling water, no other premium domestic sparkling water existed.


Is that goodness?


Mull this fourth thought over . . . Fast forward to this press release. National Beverage cultivates the finest team of dedicated people in the beverage industry. Its three newest flavors, LimonCello, Pastèque and Hi-Biscus, are unique to the world of beverages.


Now certainly, that is goodness!


These are just a few of the long list of intangible factors that make National Beverage genuinely the company that no analyst ever writes or even knows about. Yes, we are blessed with the unique DNA of aggressiveness and creativity, and we ALL go to work each morning with one thought in mind; we are going to outdo ourselves today while making the highest-quality beverages for our loyal consumers.


Now again, that is goodness!


The current pandemic is rampant and requires our complete diligence. That special DNA that we judge ourselves and our products with not only inspires us to create the finest-tasting beverages, but also instills compassion in all that we tastefully stand for. Hopefully, the vaccines promised soon will bring us back to some form of normalcy.



National Beverage Corp.

Page 3




Companies do not end up doing good for their shareholders, they start with their commitment to the shareholders – and make good on it!


This is the core of all that we are at National Beverage Corp.


Wishing you a Merry Christmas, Happy Holidays and a virus-free Earth,” concluded the spokesperson.







National Beverage Corp.

Page 4


National Beverage Corp.

Consolidated Results for the Periods Ended

October 31, 2020 and October 26, 2019



    (in thousands, except per share amounts)  
    Three Months Ended     Twelve Months Ended  

Oct. 31, 2020


Oct. 26, 2019


Oct. 31, 2020


Oct. 26, 2019


Net Sales

  $ 271,809     $ 251,611     $ 1,050,391     $ 975,985  

Net Income

  $ 47,164     $ 32,654     $ 161,105     $ 118,140  

Earnings Per Common Share



  $ 1.01     $ .70     $ 3.46     $ 2.53  


  $ 1.01     $ .70     $ 3.44     $ 2.52  

Average Common Shares Outstanding



    46,638       46,653       46,610       46,654  


    46,877       46,877       46,765       46,868  



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.