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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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) : July 22, 2003
National Beverage Corp.
------------------------
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 1-14170 59-2605822
(State of incorporation) (Commission File Number) (IRS Employer
Identification No.)
One North University Drive
Fort Lauderdale, Florida 33324
(Address of principal executive offices, including zip code)
(954) 581-0922
(Registrant's telephone number, including area code)
Item 7. Financial Statements and Exhibits
---------------------------------
Exhibit
99.1 Press release dated July 22, 2003
Item 9. Information Furnished Pursuant to Item 12 of Form 8-K - Results of
Operations and Financial Condition.
The following information is being furnished under Item 12 of Form 8-K, "Results
of Operations and Financial Condition," and is included under this Item 9 in
accordance with SEC Release Nos. 33-8216; 34-47583.
On July 22, 2003, National Beverage Corp. issued a press release announcing its
earnings for the fiscal year ended May 3, 2003. This press release is attached
as Exhibit 99.1 and is incorporated herein by reference.
This information is not deemed to be "filed" for the purposes of Section 18 of
the Securities Exchange Act of 1934 and is not incorporated by reference into
any Securities Act registration statements.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
National Beverage Corp.
(Registrant)
Date: July 22, 2003 By: /s/ Dean A. McCoy
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Dean A. McCoy
Senior Vice President - Controller
and Principal Accounting Officer
EXHIBIT INDEX
99.1 Press release issued July 22, 2003
Exhibit 99.1
National Beverage Corp. Brand Growth Boosts Earnings
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--July 22, 2003--National
Beverage Corp. (AMEX:FIZ) today announced sales of $500.4 million and
earnings of $17.6 million, or $.96 per share, for the fiscal year
ended May 3, 2003. For the prior year, sales were $502.8 million, with
earnings of $16.6 million or $.91 per share.
"The Company had previously reported that during fiscal year 2002
and the beginning of fiscal year 2003, it had 'walked away' from
certain allied brand sales and would replace these revenues with its
core brands...and we are proud to report that we accomplished
this," stated a Company spokesperson.
"Our fiscal year 2004 begins with a spirit of anticipation unlike
any before. We have completed our metamorphosis into a
development/marketing soft drink company," stated Nick A. Caporella,
Chairman and Chief Executive Officer, at a recent management function.
"Our flavors - our brands - our innovative development skills and our
flavor/variety dominance has positioned us to realize superior brand
growth. We are maximizing 'Regional Share Dynamics' using target
demographics and segregating with unique products - such as 'Shasta
Shortz' (children) and 'Frutika' (Hispanic)," he continued.
"Team National is compared to an athlete...coiled to release
potent energy. Our Company, with its uniqueness and financial
strength, is now positioned to unleash its potential," Caporella
concluded.
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) and LaCroix(R).
Fun & Flavor...the National Beverage Way
National Beverage Corp.
Consolidated Results for the Fiscal Year Ended
May 3, 2003 and April 27, 2002
(in thousands, except per share amounts)
Fiscal Year Ended
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May 3, April 27,
2003 2002
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Net Sales $500,430 $502,778
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Net Income $17,589 $16,552
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Net Income Per Share:
Basic $.96 $.91
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Diluted $.92 $.87
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Average Common Shares Outstanding:
Basic 18,400 18,212
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Diluted 19,060 18,992
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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 obligation to update the forward-looking
statements.
CONTACT: National Beverage Corp., Fort Lauderdale
Grace A. Keene, 954/581-0922