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): September 13, 2005
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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
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(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 September 13, 2005, National Beverage Corp. issued a press release announcing
its financial results for the first quarter ended July 30, 2005. This release is
furnished herewith as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
( c ) Exhibit 99.1 Press release dated September 13, 2005 announcing the
Company's earnings for the first quarter ended July 30,
2005.
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: September 13, 2005 /s/ Dean A. McCoy
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Dean A. McCoy
Senior Vice President -
Chief Accounting Officer
EXHIBIT INDEX
99.1 Press release dated September 13, 2005 announcing the Company's earnings
for the first quarter ended July 30, 2005.
Exhibit 99.1
National Beverage Corp. Comments on First Quarter Results
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--September 13, 2005--National
Beverage Corp. (AMEX:FIZ) today made the following comments relative to its
business and the first quarter results ended July 30, 2005.
Hurricane devastates New Orleans and America's 2005 Business Plan is again
'Under Review'. Those of us who operated businesses in New Orleans and the Gulf
Region are considering our options, while all of us are certain to be affected.
To not exercise caution in the face of 'record' energy costs . . . and all
the collateral affects of only that . . . would not be the proper business
conduct at this time.
Notwithstanding the above:
-- Working capital of $89 million - up 20%.(a)
-- Shareholders' equity increased 14% to $4.14 per share.(a)
-- Revenues for the first quarter of FY 2006 were $142.4 million as
compared to revenues of $146.5 million for the like period of FY 2005.
-- Earnings for the quarter were $9.7 million, or $.26 per share (which
includes a substantial amount of the previously disclosed sweetener
settlement) compared to $8.9 million, or $.24 per share, for the like
period of FY 2005.
(a) July 30, 2005 as compared to July 31, 2004
Caution . . . will not derail our focus on the use of best practices in
managing our business . . . which most certainly include pricing initiatives,
cost-containment and the innovation to create efficiencies . . . to wisely
produce the most desired results.
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),
LaCroix(R) and Rip It(R).
Fun & Flavor . . . the National Beverage Way
National Beverage Corp.
Consolidated Results for the Three Months Ended
July 30, 2005 and July 31, 2004
(in thousands, except per share amounts)
Three Months Ended
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July 30, July 31,
2005 2004
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Net Sales $142,363 $146,512
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Net Income $9,683 $8,856
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Net Income Per Share:
Basic $.26 $.24
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Diluted $.25 $.23
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Average Common Shares Outstanding:
Basic 37,619 37,560
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Diluted 38,259 38,264
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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