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): December 14, 2004
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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
(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 December 14, 2004, National Beverage Corp. issued a press release announcing
its financial results for the three and six month periods ended October 30,
2004. This release is furnished herewith as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
( c ) Exhibit 99.1 Press release dated December 14, 2004
announcing the Company's earnings for the
three and six month periods ended
October 30, 2004.
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: December 15, 2004 /s/ Dean A. McCoy
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Dean A. McCoy
Senior Vice President -
Chief Accounting Officer
EXHIBIT INDEX
99.1 Press release dated December 14, 2004 announcing the Company's earnings
for the three and six month periods ended October 30, 2004.
Exhibit 99.1
National Beverage Corp. Reports Mid-Year Results
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 14, 2004--National
Beverage Corp. (AMEX:FIZ) today announced results for its second
quarter and six-month period ended October 30, 2004. For the six
months, sales were $271.4 million with earnings of $13.0 million, or
$.35 per share. For the comparable period in the prior year, sales
were $275.0 million and earnings were $12.5 million, or $.34 per
share. For the second quarter ended October 30, 2004, sales totaled
$124.9 million with earnings of $4.1 million or $.11 per share.
"The extreme challenges over the past year with war - economic
uncertainties, hurricanes and the general state of consumer anxiety
has produced a softness in the traditional carbonated soft drink
industry," stated Nick A. Caporella, Chairman and Chief Executive
Officer.
"Our Company, while affected, has more agility at its disposal due
to the hybrid makeup of its operations. We are not totally dependent
on cola, dominant packaging or one soft-drink brand and thus...
have the distinctive advantage of diversification within our TOTAL
BEVERAGE COMPANY to sustain us during this 'soft' period," Caporella
continued.
"Comments previously made concerning our 'performance' for FY 2005
as the possible best in our Company's history... in many ways still
stands, but 'never before circumstances' and historically high oil
prices did and will affect financial results," Caporella stated.
"Performance of the Company's brands and the Rip It(R) energy-fuel
product introduction are very much on track, but did not offset
'allied branded' declines. We will focus on additional pricing
initiatives, new higher-margin product launches and more stringent
criteria on the 'allied branded' business. 'Opportunistically sound'
and armed for the challenges ahead is our 'mission call today',"
concluded Caporella.
National Beverage is a TOTAL BEVERAGE COMPANY that 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 Six Months Ended
October 30, 2004 and November 1, 2003
(in thousands, except per share amounts)
Three Months Ended Six Months Ended
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October 30, November 1, October 30, November 1,
2004 2003 2004 2003
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Net Sales $124,858 $129,373 $271,370 $275,038
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Net Income $4,120 $4,021 $12,976 $12,471
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Net Income Per Share:
Basic $.11 $.11 $.35 $.34
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Diluted $.11 $.11 $.34 $.33
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Average Common
Shares Outstanding:
Basic 37,574 36,854 37,567 36,844
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Diluted 38,240 38,138 38,252 38,138
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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