Press Releases

Earnings Double in Winter Quarter . . . National Beverage Corp. Shareholders Gain

March 9, 2017 at 9:15 AM EST


FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- National Beverage Corp. (NASDAQ:FIZZ) today announces results for the third quarter of its 2017 Fiscal Year.

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Operating Margin Growth. (Graphic: Business Wire)

Operating Margin Growth. (Graphic: Business Wire)

Investor Conscience

• Nine-month earnings surpassed results for entire year FY 2016 by 27%.

• EPS for the trailing twelve months was $2.05, achieving a new milestone.

• Third quarter Revenues grew over 20% to $195 million.

• Third quarter EPS increased 117% to $ .52.

• TTM January 28, 2017 operating margin growth climbs to 18.2%.

For the twelve months ended January 28, 2017 and January 30, 2016:

(Dollars in millions except EPS)









FY 2017   $ 794   $ 145   $ 95   $2.05   $ 157
YOY Growth   15%   70%   71%   71%   62%
FY 2016   $ 690   $ 85   $ 56   $1.20   $ 97

"In conventional times, great things happen if great choices, great strategies, great teams and great fortune all align! We are in the depth of this unique time. Simultaneously, a very rare phenomenon comprising consumers, aggressive retailers and a new Mindfulness here at National Beverage . . . ignited an innovativeness that is extremely compelling to observe," stated Nick A. Caporella, Chairman and Chief Executive Officer.

"Consumers are stimulating a dynamic that I have never before witnessed and this has resulted in retailers converting more and more aisle space to healthier products. I feel we are very much at the forefront of this new dynamic," continued Caporella, speaking at a recent management conference.

"I am extremely proud that we finished our third quarter with industry-leading performance and that we are on course for having our record-setting year. Those of you who are joyous relative to our products and shareholders that rejoice in their appreciation and distributions - we hold you all in high esteem. The future has never been as exciting," smiled Caporella.


Solid FIZZ Facts

• Greatest performing third quarter ever.

• Cash balances of $106 million after January distribution payment of $70 million.

• Soda pop crossover consumers hydrate nearly the same in winter and summer periods.

• 75% through FY2017 - results reflect a record year in the making.

• Second cash distribution to be announced prior to FY2017 year end.

• Special dividend based on length of time held - forthcoming announcement.

• LaCroix + Shasta SDA (soft drink alternative) Brand Values reflect - Contrails!



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

"Patriotism" - If Only We Could Bottle It!

National Beverage Corp.
Consolidated Results for the Periods Ended
January 28, 2017 and January 30, 2016




(in thousands, except per share amounts)

Sparkling Performance                     Three Months Ended     Nine Months Ended
                        Jan. 28, 2017   Jan. 30, 2016     Jan. 28, 2017   Jan. 30, 2016
Bottled water consumption will                                        
surpass carbonated soft drinks              

Net Sales

    $ 194,564     $ 161,687     $ 614,852     $ 525,751
this year as the largest beverage                                        
category in the U.S.(1)               Net Income     $ 24,285     $ 11,236     $ 77,884     $ 43,661
LaCroix is the fastest growing               Earnings Per                        

natural sparkling water brand.(2)


Common Share

                  Basic     $ .52     $ .24     $ 1.67     $ .94
National Beverage innovates               Diluted     $ .52     $ .24     $ 1.67     $ .93
as Natural as it Sparkles.                                        
                  Average Common Shares                        
                  Basic     46,566     46,448     46,561     46,420
                  Diluted     46,763     46,707     46,764     46,648

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.

*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 with additional insights into the operating performance of the business. EBITDA (in millions) of $157.0 and $96.7 for the 12 months ended January 28, 2017 and January 30, 2016, respectively, is calculated by adding the following expenses back to Net Income: Depreciation and Amortization of $12.6 and $11.8; Net Interest (Income) Expense of ($.3) and $.2; and Provision for Income Taxes of $49.3 and $29.0.

(1) Zenith International data - all channels

(2) SPINS (Specialty Products Industry Natural Stores) scan data 52 weeks ending January 22, 2017.

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

Source: National Beverage Corp.



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