Press release
National Beverage Corp. Reports on ‘Stimulus’ Action Results
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- National Beverage Corp. (NASDAQ: FIZZ) today announced progress of its recently adopted ‘Stimulus’ action plan and
About this update from National Beverage Corp.
[{"type":"text","content":" FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--\nNational Beverage Corp. (NASDAQ: FIZZ) today announced progress of its recently adopted ‘Stimulus’ action plan and released financial results for its third quarter ended January 25, 2020:\n\n\n\nNet sales were $223 million, an increase of 1% from the prior year;\n\n\nGross margin was 36.8% of sales, also improved from the prior year;\n\n\nEarnings per share was $ .57, an increase of 7% from the prior year; and\n\n\n\nCash was $262 million, an increase of $105 million for the nine months.\n\n\nStimulus Action Results:\n\n\n“The numbers reflect the effects of a strategy that generated increased momentum of brand LaCroix. LaCroix has returned to positive growth in a much different sparkling water category that existed prior to October 2018, when litigation slowed the growth of LaCroix, which also affected the growth of the total sparkling water category.\n\n\nThese third quarter financial results clearly state that LaCroix retained its distinction as the leader of the premium sparkling water category in North America. While sparkling water category growth has slowed from October 2018, the vitality of LaCroix as the masthead of the sparkling water category remains ‘authentic’.\n\n\nComponents of our Stimulus Action:\n\n\n\nVolume\n\n\nOperating Margin\n\n\nCapacity\n\n\nInnovation\n\n\nCash Flow\n\n\nHealthy Functionality\n\n\n\nRecent Information:\n\n\n\nFebruary 19, 2020 – LaCroix Victorious in Litigation . . . Claims Retracted\nhttp://ir.nationalbeverage.com/static-files/921b1264-8d34-4859-ad6a-995f3443119e\n\n\n\n\nMarch 4, 2020 – LaCroix’s Spring Taste Is . . . UP!!\nhttp://ir.nationalbeverage.com/static-files/439dcdbf-9f79-4b71-9a4d-69ec321e1d42\n\n\n\nOur stimulus action is producing similar positive results all across our brands of carbonated soft drinks, juices and sparkling waters. Two new LaCroix flavors, LimonCello and Pastèque (Watermelon), are currently being launched nationwide. We are excited about these two new flavors and, according to early indications, so are our consumers. We remain extremely passionate about our future and strongly believe progress is rapidly advancing toward innovative growth opportunities for functional, healthier, hydration beverages,” stated a company spokesperson.\n\n\n\nNational Beverage Corp.\n\n\nConsolidated Results for the Periods Ended\n\n\n...