- Revenues for the first quarter increased to $169.1 million.
- Net income increased to $13.4 million.
- Earnings per share increased to $.29.
- Free cash flow * was $.47 per share.
|For the Trailing Twelve Months –|
|Sales||EBITDA *||Free Cash Flow *|
|$604.2 million||$75.9 million||$64.0 million|
|FIZZ Investor –||Average Annual|
|Dividend Yield **||Appreciation|
|24 Mos. Ended July 31, 2011||14.2%||19.3%|
|48 Mos. Ended July 31, 2011||10.3%||12.0%|
“ Team National has much to ‘Give Thanks’ about this first quarter of FY2012,” stated Nick A. Caporella, Chairman and Chief Executive Officer. “Our emphasis on – ‘Values’ . . . Employee Caring, Consumers’ Spending Concerns, Shareholders’ Loyalty Rewards and Appreciation – are at the core of our Treasured Fundamentals.”“In addition to the targeted plan . . . our most focused operational dynamic this current year will be the commitment to escalate the segment of our hybrid distribution for the LaCroix, Everfresh and Rip It brands,” continued Caporella. “Our new four-word mantra this FY2012 . . . FOCUS – FUNCTIONAL – EFFICACY – VALUE . . . should see our core fundamentals empowered to enrich our future. We have the discipline to command and hold steadfast in seeking targeted results . . . No Matter What,” Caporella concluded. National Beverage is highly innovative as a pace-setter in the changing soft-drink industry, featuring refreshment products that are geared toward the lifestyle/health-conscious consumer. Shasta® – Faygo® – Everfresh® and LaCroix® are aligned with Rip It® energy products to make National Beverage . . . America’s Flavor•Favorite – soft-drink company. “Patriotism” – If Only We Could Bottle It! Fun, Flavor and Vitality . . . the National Beverage Way
|National Beverage Corp.|
|Consolidated Results for the First Quarter Ended|
|July 30, 2011 and July 31, 2010|
|(in thousands, except per share amounts)|
|First Quarter Ended|
|July 30, 2011||July 31, 2010|
|Net Income Per Share|
|Average Common Shares|
|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.|
|Non-GAAP Financial Measures|
|The Company reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). Management believes, however, that certain non-GAAP financial measures may provide users of this financial information with additional insights into the operating performance of the business and to also serve as a widely accepted measure for comparing operating performance with other companies with different capital structures.|
|*Reconciliation of Net Income (GAAP) to EBITDA (Non-GAAP) and Free Cash Flow (Non-GAAP)|
|First Quarter||Trailing Twelve Months|
|Ended July 30, 2011||Ended July 30, 2011|
|Net Income (GAAP)||$||13,435||$||42,136|
|Depreciation and Amortization||2,725||11,297|
|Interest (Income) Expense - Net||13||(31||)|
|Provision for Income Taxes||7,235||22,468|
|Additions to Property, Plant & Equip.||(1,805||)||(11,891||)|
|Free Cash Flow (Non-GAAP)||$||21,603||$||63,979|
|**Dividend yield equals cash dividends paid divided by average month-end closing stock price.|