false 0000069891 0000069891 2021-06-30 2021-06-30
Date of report (Date of earliest event reported): June 30, 2021
National Beverage Corp.

(Exact Name of Registrant as Specified in Its Charter)

(State or Other Jurisdiction of Incorporation)
(Commission File Number) (IRS Employer Identification No.)
8100 SW Tenth Street, Suite 4000  
Fort Lauderdale, Florida
(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 June 30, 2021, National Beverage Corp. issued a press release announcing financial results for the fiscal year ended May 1, 2021.  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
(d)   Exhibit 99.1 Press release dated June 30, 2021 announcing the Company’s financial results for the fiscal year ended May 1, 2021.
    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.
By:       /s/ George R. Bracken
George R. Bracken
Executive Vice President – Finance
(Principal Financial Officer)
Date: July 1, 2021
99.1         Press release dated June 30, 2021 announcing the Company’s financial results for the fiscal year ended May 1, 2021.
104          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, June 30, 2021 . . . National Beverage Corp. (NASDAQ: FIZZ) today announced record results for its Fiscal Year ended May 1, 2021:


Fiscal Year 2021 (52 weeks) vs. Fiscal Year 2020 (53 weeks):



Net sales of $1.1 Billion were up 7.2%;



Gross profit was a record $421.6 million, a 13.9% increase from the prior year;



Operating income was $227.8 million or 21.2% of sales vs. $165.7 million or 16.6% of sales; and



Earnings per share was $1.87, a 34.0% increase from the prior year.


Balance Sheet Data at May 1, 2021



Cash was $193.6 million after the January 29 cash dividend payment of $279.9 million;



Working capital was $219.8 million with a current ratio of 2.5 to 1.



During the year, the Company shared its financial success with shareholders in the form of $279.9 million in cash dividends and the distribution of a one-for-one stock split in the form of a dividend  while maintaining a debt-free balance sheet.  All share information has been retroactively restated for the stock dividend.








National Beverage Corp.

Page 2



“The uncertainty that has affected our business in pandemic conditions surely has not affected our management style, but has only heightened our innovativeness.  In fact, our social media and BrandED comments confirm that  . . . we taste more delicious with each new flavor we introduce.  What better confirmation could we wish for? inquired a company spokesperson.


“LaCroixs innovative new trio of products, Beach Plum, Black Razzberry and Guava São Paulo deliver an impressive sensory experience to consumers from coast-to-coast.  Shipments commenced late in the fourth quarter and velocity is setting records greater than any previous flavor launch. Additionally, a fact one should understand is that LaCroixs published tracked data excludes a growing number of significant expanding retailers as well as office, foodservice and vending venues.
  Over the recent past, healthy products are in the news quite often with companies stating how their products stack up in the world of health.  Nutrition is one of the most important issues of our time and is more impactful within the younger age group than previously thought.  Large quantities of soda are consumed instead of water in much of the underdeveloped world, often depriving the young adult of a chance for a healthy life.  National Beverage is modifying the behavior of youth in America . . . and more moms are giving their children LaCroix as affirmed by numerous photos shared on social media.


With the entire world focused on health, our primary objective is to create the best and healthiest refreshments ever produced,” the spokesperson concluded.



  LaCroix . . . Beyond Taste!






National Beverage Corp.

Page 3



National Beverage Corp.

Consolidated Results for the Fiscal Years Ended

May 1, 2021 and May 2, 2020 



(in thousands, except per share amounts)


Fiscal Year Ended*


May 1, 2021


May 2, 2020


Net Sales

  $ 1,072,210     $ 1,000,394  

Net Income

  $ 174,146     $ 129,972  

Earnings Per Common Share



  $ 1.87     $ 1.39  


  $ 1.86     $ 1.39  

Avg. Common Shares Outstanding



    93,280       93,256  


    93,620       93,656  


*Fiscal year 2021 consisted of 52 weeks; Fiscal year 2020 consisted of 53 weeks.



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.