National Beverage Corp. Reports Excellent Second Quarter
Source National Beverage Corp.
National Beverage Corp. (NASDAQ: FIZZ) today announced record results for its second quarter ended October 27, 2018.
For the Three Months ended October 27, 2018:
- Revenues were $261 million − the 16th consecutive quarter of increased growth;
- Gross Profit increased 30 basis points to $103 million;
- Operating Profit grew to $52 million; and
- Net Income of $41 million and EPS of $.88 increased 21%.
“The strength of our brand and the support of our consumers allowed LaCroix to successfully weather storms directed against it and the industry in general. The outrageous and unfounded lawsuit filed October 1st severely affected shareholder value,” stated Nick A. Caporella, Chairman and Chief Executive Officer. “LaCroix as the clear leader that reflects the industry – has suffered declines but continues its stalwart charge leading the resurgence. Today, our daily order log reflects that normalcy is returning to our Company and the sparkling water category. From the end of October through December 4th, the marker that doesn’t exaggerate is the log of orders, and yesterday we once again saw orders reach daily levels of August.
“In summary, highly-respected experts have refuted the false and ludicrous claims that have been made, and we continue to contest the meritless complaint that has diminished shareholder value. Our marketing team is coordinating exciting new campaigns with experts in the health and wellness field, and our BrandEd team is expanding its acclaimed protocols to support new themes in additional cities. Lastly, we genuinely appreciate the mighty spirit of the LaCroix consumer that ‘doubled up’ to unite behind their brand! Innovation, passion and tenacity drive Team National to lead America in Embracing Innocence!” Caporella concluded.
