FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--National Beverage Corp. (NASDAQ:FIZZ) today announces results for the third quarter of its 2017 Fiscal Year.
Investor Conscience
• Nine-month earnings surpassed results for entire year FY 2016 by 27%.
• EPS for the trailing twelve months was $2.05, achieving a new milestone.
• Third quarter Revenues grew over 20% to $195 million.
• Third quarter EPS increased 117% to $ .52.
• TTM January 28, 2017 operating margin growth climbs to 18.2%.
“In conventional times, great things happen if great choices, great strategies, great teams and great fortune all align! We are in the depth of this unique time. Simultaneously, a very rare phenomenon comprising consumers, aggressive retailers and a new Mindfulness here at National Beverage . . . ignited an innovativeness that is extremely compelling to observe,” stated Nick A. Caporella, Chairman and Chief Executive Officer.
“Consumers are stimulating a dynamic that I have never before witnessed and this has resulted in retailers converting more and more aisle space to healthier products. I feel we are very much at the forefront of this new dynamic,” continued Caporella, speaking at a recent management conference.
“I am extremely proud that we finished our third quarter with industry-leading performance and that we are on course for having our record-setting year. Those of you who are joyous relative to our products and shareholders that rejoice in their appreciation and distributions – we hold you all in high esteem. The future has never been as exciting,” smiled Caporella.
Solid FIZZ Facts:
- Greatest performing third quarter ever.
- Cash balances of $106 million after January distribution payment of $70 million.
- Soda pop crossover consumers hydrate nearly the same in winter and summer periods.
- 75% through FY2017 – results reflect a record year in the making.
- Second cash distribution to be announced prior to FY2017 year end.
- Special dividend based on length of time held – forthcoming announcement.
- LaCroix + Shasta SDA (soft drink alternative) Brand Values reflect – Contrails!
