Business Services Industry
National Beverage Corp. Reports Solid Winter Quarter
Business Wire, March 6, 2008
FORT LAUDERDALE, Fla. -- National Beverage Corp. (NASDAQ:FIZZ) today reported financial results for its third quarter ended January 26, 2008. Compared to the prior year:
* Revenues increased 5% to $123.2 million;
* Operating Income increased 13% to $4.9 million; and
* Net Income increased 7% to $3.3 million.
"Led by our Rip It energy drinks and LaCroix water brands, the continued volume gains of higher-margin products allowed us to overcome significant cost pressures and softness in the carbonated soft-drink market in what is traditionally our weakest quarter," stated Chairman and Chief Executive Officer, Nick A. Caporella. "On an operating basis, this was one of our best third quarters ever, with the Everfresh / Mr. Pure juice lines also reporting solid growth."
"We are pleased with the initial response to the introduction of our newest functional products, the Asante line of enhanced waters. Fortified with vitamins, minerals and electrolytes, Asante will provide consumers superior flavor and lower calories at a value price. Final development work has also been completed on several other announced new products, including BODYWORX premium enhanced waters, Sundance organic tea/super-fruit blends and the Nutrafizz line of effervescent tablets, with rollouts scheduled to begin during our fourth quarter," concluded Caporella.
National Beverage is highly innovative, making it unique as a pace-setter in the changing soft-drink industry. Its lineup of refreshment products consisting of - Energy Drinks and Fortified Powders, Vitamin Enhanced juices and waters, and new-to-come beverage supplements are geared toward the lifestyle/health-conscious consumer.
Shasta[R] - Faygo[R] - Everfresh[R] and LaCroix[R] are aligned with Rip It[R] and FREEK[TM] energy products to make National Beverage . . . America's Flavor*Favorite - soft-drink company.
Fun, Flavor and Vitality . . . the National Beverage Way
[TABLE OMITTED]
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 and 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.
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