National Beverage Corp. (NASDAQ:FIZZ) today reported results for the first quarter of Fiscal Year 2014. For the comparable first quarters FY2014 vs. FY2013:
- Revenues decreased 6% to $172 million
- Net income decreased 16% to $12 million
- Earnings per share decreased 16% to $.26
“As I repeat from our Annual Report, look at our track record over the past twenty years – no mental degradation has occurred! Judge us by all four quarters next July 2014. Certainly, we have come to know – precious rainbows usually require both rain and sunshine! Team National’s results were obtained by diligence and untiring determination. We are Disappointed – Yes; Contrite – Certainly; Resilient – Absolutely . . .” a heartfelt Caporella concluded.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 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.