Washington, DC 20549





to Section 13 or 15(d) of the

Securities Exchange Act of 1934


Date of report (Date of earliest event reported): November 30, 2016


National Beverage Corp.

(Exact Name of Registrant as Specified in Its Charter)



(State or Other Jurisdiction of Incorporation)




 (Commission File Number) 

 (IRS Employer Identification No.)




8100 SW Tenth Street, Suite 4000


Fort Lauderdale, Florida 


(Address of Principal Executive Offices)

(Zip Code)


(954) 581-0922

(Registrant’s Telephone Number, Including Area Code)


(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 November 30, 2016, National Beverage Corp. issued a press release announcing financial results for the periods ended October 29, 2016. This release is furnished herewith as Exhibit 99.1 hereto.



Item 9.01 Financial Statements and Exhibits


(c) Exhibit 99.1

Press release dated November 30, 2016 announcing the Company’s financial results for the periods ended October 29. 2016.





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.





/s/ Gregory P. Cook




Gregory P. Cook




Vice President - Controller and Chief Accounting Officer



Date: December 1, 2016          






Press release dated November 30, 2016 announcing the Company’s financial results for the periods ended October 29. 2016.



Exhibit 99.1






For Immediate Release

Contact: Office of the Chairman, Grace Keene








FORT LAUDERDALE, FL, November 30, 2016 . . . National Beverage Corp. (NASDAQ: FIZZ) today confirmed its best ever six-month period.


(dollars in millions except EPS)

For the Six Months –






Op. Income


Net Income








Six Months - FY 17

  $ 420     $ 81     $ 54     $ 1.15     $ 88     $ 150  

YOY Growth

    15 %     64 %     65 %     64 %     58 %     99 %

Six Months - FY 16

  $ 364     $ 49     $ 32     $ .70     $ 55     $ 76  


“Our first half of FY2017 is reflective of our architecture and passion! The cyclical differences in summer and fall quarters, when adjusted, made our second quarter just as gratifying as the first. Packaging, distribution, promotions and marketing are investment avenues leading to the architectural year-end results. Hopefully we will soon see public company protocols revisited allowing for a ‘fairer’ way to analyze – especially self-serving, ‘short interest’ disclosure,” stated Nick A. Caporella, Chairman and Chief Executive Officer.


“We are more than triumphant with our first half results . . . absolutely! Announcing the capital allocation program was equally well intentioned and extremely satisfying. No one has to guard a seasoned and cautious cash flow manager . . . his conscience does a masterful job, regardless of his ownership,” continued Caporella.











National Beverage Corp. 

Page 2


“America put a capital ‘H’ on Hope again recently and with that – a capital ‘H’ on Health again too . . . this puts us in the cockpit of innovation and the yoke in our hands. We are excited and feeling good about the future here at National Beverage!


If you look at center photo below, see our LaCroix Love Gift – unique innovation for the holidays. During this Holiday Season, give yourself the Healthiest of choices! Say after me: Great Quarter . . . Good Tidings!” exclaimed Caporella.





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


“Patriotism” – If Only We Could Bottle It!


Fun, Flavor and Vitality . . . the National Beverage Way










National Beverage Corp.

Page 3


National Beverage Corp.

Consolidated Results for the Periods Ended

October 29, 2016 and October 31, 2015



(in thousands, except per share amounts)


Sparkling Performance


Three Months Ended


Six Months Ended


Oct. 29, 2016


Oct. 31, 2015


Oct. 29, 2016


Oct. 31, 2015


LaCroix has the highest sales rates and VPOs among national sparkling water brands. (1)

Net Sales   $ 203,180     $ 178,678     $ 420,288     $ 364,064  


  Net Income   $ 24,604     $ 15,312     $ 53,599     $ 32,425  

LaCroix’s average velocity is 4-6 times greater than its nearest two competitors nationally.(2)

Earnings Per                                


Common Share




  $ .53     $ .33     $ 1.15     $ .70  


  $ .53     $ .33     $ 1.15     $ .69  

The Sparkling Water category is expected to grow to $5.5 billion in 2020.(3)

Average Common Shares                                






    46,560       46,416       46,558       46,407  


    46,761       46,647       46,764       46,619  



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. 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.


*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) for the six months ended October 29, 2016 and October 31, 2015 of $87.7 and $55.4 respectively is calculated by adding the following expenses back to Net Income: Depreciation and Amortization of $6.4 and $6.1; Net Interest (Income) Expense of ($.2) and $.1; and Provision for Income Taxes of $27.9 and $16.9.


(1) SPINS (Specialty Products Industry Natural Stores) scan data 52 weeks ending October 31, 2016

(2) Nielsen Multi-Outlet Channels 52 weeks ending November 5, 2016

(3) Zenith International data - all channels