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 6, 2007
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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 December 6, 2007, National Beverage Corp. issued a press release announcing
its financial results for its second quarter and six month period ended October
27, 2007. 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 6, 2007 announcing
the Company's financial results for its second quarter and six
month period ended October 27, 2007
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 6, 2007 /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 6, 2007 announcing the Company's financial
results for its second quarter and six month period ended October 27,
2007.
Exhibit 99.1
National Beverage Corp. Reports Best Second Quarter
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 6, 2007--National
Beverage Corp. (NASDAQ:FIZZ) today reported financial results for its
second quarter ended October 27, 2007. Compared to the prior year:
-- Revenues increased 6% to $143.5 million;
-- Net income increased 13% to $6.5 million; and
-- Second quarter earnings per share increased to $.14.
"Second quarter results reflect the determined focus to maximize
the performance of our higher-margin brands. Raw material costs,
especially aluminum and sweetener, have stabilized relative to the
volatility experienced in our first quarter," stated Chairman and
Chief Executive Officer, Nick A. Caporella. "While we view this as
positive...we challenge ourselves through innovation in returning
costs to their previous levels."
"Our new product pipeline featuring state-of-the-art beverages,
some with probiotic properties, is the strongest it's ever been and
now includes BodyWoRx, seven functionally enhanced waters; SundanceT3,
two exotic energy drinks; and Sundance Pomegranate Passion, a line of
certified organic tea/super-fruit blends. These great tasting
products, along with our Nutrafizz line of effervescent supplements
are in final formulation, and are expected to begin competing in the
$25 billion plus functional food market during our fourth quarter.
This certainly is indicative of the strategic direction of this
company," continued Caporella.
"Although a skittish economy and wary financial markets pose
numerous challenges to companies in all business sectors, we believe
that these complex times bring opportunities to those organizations
with strict operating philosophies and sound financial
positions...companies such as National Beverage Corp.," concluded
Caporella.
National Beverage is highly innovative, making it unique as a
pace-setter in the changing soft-drink industry. Its lineup of
refreshment products consisting of - Energy Drinks and Fortified
Powders, Vitamin Enhanced juices and waters, and new-to-come beverage
supplements are geared toward the lifestyle/health-conscious consumer.
Shasta(R) - Faygo(R) - Everfresh(R) and LaCroix(R) are aligned
with Rip It(R) and Rip It Chic(TM) energy products to make National
Beverage...America's Flavor--Favorite - soft-drink company.
Fun, Flavor and Vitality...the National Beverage Way
National Beverage Corp.
Consolidated Results for the Periods Ended
October 27, 2007 and October 28, 2006
(In thousands, except per share amounts)
Six Twelve
Months Months
Three Months Ended Ended Ended
October 27, October 28, October 27, October 27,
2007 2006 2007 2007
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Net Sales $ 143,528 $ 135,818 $ 295,292 $548,368
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Net Income $ 6,477 $ 5,749 $ 13,662 $ 22,836
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Net Income Per Share
(a):
Basic $ .14 $ .13 $ .30 $ .50
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Diluted $ .14 $ .12 $ .30 $ .50
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Average Common Shares
Outstanding (a):
Basic 45,902 45,757 45,857 45,875
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Diluted 46,106 46,062 46,115 46,130
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(a)Prior year net income per share and average common shares
outstanding amounts are adjusted for the 20% stock dividend
distributed on June 22, 2007.
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
and risk factors described in the Company's Securities and Exchange
Commission filings and the Company disclaims an obligation to update
any such factors or to publicly announce the results of any revisions
to any forward-looking statements contained herein to reflect future
events or developments.
CONTACT: National Beverage Corp., Fort Lauderdale
Office of the Chairman
Grace A. Keene, 954-581-0922