National Beverage Corp. (NASDAQ: FIZZ) today announced record results for its first quarter ended July 28, 2018.
For the Three Months ended July 28, 2018:
- Revenues were $292.6 million − the 15th consecutive quarter of increased growth;
- Gross Profit exceeded $115 million for the first time – ever;
- Operating Profit exceeded $63 million for the first time – ever; and
- Net Income and EPS increased 28% from the prior year to $1.05 – the 13th consecutive quarter of double-digit growth.
“Reaching $1 billion in revenues is more than the achievement of a milestone – it is the culmination of a . . . long ago goal!” proudly exclaimed Nick A. Caporella, Chairman and Chief Executive Officer.
“First, let’s congratulate Team National for achieving that milestone on June 20th,” was a statement made by Nick A. Caporella to a group recently at a National Beverage management meeting. “This year’s Annual Report focuses on a new series of LaCroix themes that just happen to coincide with large cola’s recent M&A strategic endeavors. Some may say – they looked at our past Annual Reports and used our innovative themes to develop their acquisition and competitive strategies.”
“Our innovation extends beyond brand development and award-winning packaging; social media programs, atypical marketing methods and in-store BrandED consumer education have all proven to be very successful. With many innovative themes nearing introduction, we are also exploring packaging and distribution options to expedite the introduction of our sparkling waters into additional channels and markets. LaCroix’s overwhelming acceptance in Canada (affectionately pronounced as ‘LaKwah’ by our French-influenced friends) ‘fuels’ our quest to spread the Innocence of LaCroix beyond our borders to satisfy the healthy consumer,” continued Caporella.
“A record-setting week ended September 1, 2018 by a major retailer sends a significant signal that regardless of those that plan to do ‘things’ in the future . . . National Beverage was doing them last week.
Our cult has validated additional new NiCola themes and we are engaged in a launch to captivate the ‘scent’ of exciting, Hispanic ‘hip’ LaCroix innovations . . . what better place than Miami to try our new experience. Our pipeline is in ‘motion’ as they say in Little Havana – so stay tuned for exciting news as we move the ‘rhythm’ into our very own Miami. Momentum, all the way to Havana . . .” chuckled a smiling Caporella.