National Beverage Corp. Reports Highest Second Quarter Sales

About this update from National Beverage Corp.

[{"type":"text","content":" FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--\nNational Beverage Corp. (NASDAQ: FIZZ) today announced results for its second quarter ended October 29, 2022.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221208005901/en/New Rip It Energy Fuel Flavors (Graphic: Business Wire)\nSecond Quarter Ended October 29, 2022 vs. Second Quarter Ended October 30, 2021:\n\n\nNet sales increased to $300 million, our highest second quarter;\n\n\nNet income was $36 million;\n\n\nEarnings per share was $.39; and\n\n\nCash grew to $93 million.\n\n\n“While many companies write about the current business environment and its conditions, that’s not what this earnings release is about. Wall Street, news stations, podcasts and other media outlets repetitively keep everyone informed,” stated a company spokesperson.\n\n“This earnings release is about our differences and what makes National Beverage deserving of your attention and possibly your choice for our refreshing beverages.\n\nSignificant Realities:\n\n\nPhilosophy . . . Affirmed, Measured, Commendable Performance\n\n\nOur business is ‘quick off the shelf’ and growth oriented\n\n\nOur business has continued to outperform in the most adverse conditions, throughout the most competitive atmosphere including a pandemic with its related consequences. The top ten flavors of our LaCroix brand, part of our Power+ brands, have exhibited strong growth, exceeding that of the category.”\n\n“Our innovative designs and taste creations give us the ability to develop top-selling, one-of-a-kind flavors. As an example, during the height of the recent pandemic, our LaCroix brand developed and created a unique flavor that rapidly became our leading growth flavor in America.\n\n\nOur Company does not have to wait for our consumers to wear something out to replace it. In minutes, our consumers are ready for another exciting flavor.\n\n\nLook at our earnings chart. The second quarter revenues are the highest in our history. Being able to state this performance is quite a feat during these trying times.\n\n\nSales are a priority in order to realize profits. Focus and diligence on cost of sales control margins, and our sequential margin growth further confirms that focus and diligence.\n\n\nExpansion Possibilities:\n\n\nCanada and Mexico are areas of continued growth...

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