Exhibit 99.1
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NASDAQ: FIZZ For Immediate Release Contact: Office of the Chairman, Grace Keene |
BEST-EVER
WINTER QUARTER THREE
REPORTS NATIONAL BEVERAGE CORP.
FORT LAUDERDALE, FL, March 11, 2016 . . . National Beverage Corp. (NASDAQ: FIZZ) today reported nine-month revenues top half-billion dollars – a first!
(in millions except EPS)
For the Nine Months –
Revenues | Op. Income | Net Income | EPS | EBITDA* | Cash | |||||||||||||||||||
FY 2016 | $ | 525.8 | $ | 66.6 | $ | 43.7 | $ | .94 | $ | 75.5 | $ | 86.1 | ||||||||||||
“Last September 2015, National Beverage’s earnings release stated:Thisalltranslates into the ‘perfect time’ with the most significant potential for our Break-OutYear. Well, our predictions were accurate in several ways. Revenues, operating income, net income and EPS are all on target, but masterfully more significant are the brand growth factors and performance milestone achievements during this period since September,” stated Nick A. Caporella, Chairman and Chief Executive Officer.
(dollars in millions except EPS)
Measured Performance: Nine Months FY 2016 vs. Nine Months FY 2015 –
Revenues | Op. Income | Net Income | EPS | EBITDA* | Cash | Market Cap | ||||||||||||||||||||||
FY 2016 Growth % | 9.3 | % | 20.0 | % | 17.6 | % | 17.5 | % | 15.4 | % | 112.9 | % | 90.7 | % | ||||||||||||||
FY 2015 | $ | 481.2 | $ | 55.5 | $ | 37.1 | $ | .80 | $ | 65.4 | $ | 40.4 | $ | 1,008.1 | ||||||||||||||
National Beverage Corp. |
Page 2 |
“Let’s begin with brand growth factors and performance milestone achievements: Brand LaCroix performance milestones include new theme extension performance of VPO (velocity per outlet) dynamics previously unheard of, plus nearly 100% accretive sales increases during recent retailer/National Beverage partner promotions. These events far exceeded our planned expectations . . . further confirming LaCroix’s consumers’ healthy demands.”
(in millions except EPS)
Trailing Twelve Months –
Revenues | Net Income | EPS | EBITDA* | |
1/30/2016 | $690.3 | $55.8 | $1.20 | $96.7 |
“Equally as profound was the launch of Shasta’s SDA (soft drink alternative), a sparkling water that whole-heartedly duplicates Shasta’s delicious nostalgic flavors . . . including the industry’s firstclean label. Rich in earned equity of family trust for over 125 years, Shasta Sparkling is now far superior due to its healthyInnocenceof naturally-essenced, flavored sparkling water.
There is a certainintuitive sense one has when long-awaited circumstances align. Like thesunrise of a new dawn – clear, crisp, burst of orange rising from the distant horizon, I now have a sense that ourhealthy beverage evolution is a certainty. Wewill have a great FY2016 – and beyond! Never quite like this present time, has the promise belonging to National Beverage been thisexciting. The goals for our brands, shareholder value, balance sheet, revenues, earnings and cash buildup are all aglow like that orange ball rising;Shouting Loudly – yes . . . it’s all happening right now!
We are euphoric to say the least – with the promise of LaCroix and Shasta SDA along with Everfresh Juices and Rip It Energy. Truly, good fortune andsparkling blessings are showering upon us – and the future is ours to – embrace!”exclaimed Caporella.
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
National Beverage Corp. |
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| | Trailing Twelve Months Performance Comparatives |
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 | LaCroix ‘Tan-gerEEN’ launch | | Phase I new Shasta SDA introduced |
| New weekly record LaCroix sales | | Operating Income UP 18% to $85.1 million |
| FIZZ common 52 week high - $48.01 | | EBITDA UP 15% to $96.7 million |
| Greatest performing Winter Quarter in Company’s history | ||
National Beverage Corp.
Consolidated Results for the Periods Ended
January 30, 2016 and January 31, 2015
(in thousands, except per share amounts) | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
Jan. 30, 2016 | Jan. 31, 2015 | Jan. 30, 2016 | Jan. 31, 2015 | |||||||||||||
Net Sales | $ | 161,687 | $ | 143,021 | $ | 525,751 | $ | 481,233 | ||||||||
Net Income | $ | 11,236 | $ | 8,808 | $ | 43,661 | $ | 37,129 | ||||||||
Earnings Per | ||||||||||||||||
Common Share | ||||||||||||||||
Basic | $ | .24 | $ | .19 | $ | .94 | $ | .80 | ||||||||
Diluted | $ | .24 | $ | .19 | $ | .93 | $ | .79 | ||||||||
Average Common | ||||||||||||||||
Shares Outstanding | ||||||||||||||||
Basic | 46,448 | 46,358 | 46,420 | 46,345 | ||||||||||||
Diluted | 46,707 | 46,580 | 46,648 | 46,550 | ||||||||||||
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 achievementsexpressed or implied by such forward-looking statements. Such factors include fluctuations in costs, changes in consumerpreferences 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-lookingstatements contained herein to reflect future events or developments.
*Although the Company reports its financial results in accordance with accounting principles generally accepted in the United States("GAAP"), management believes that the disclosure of EBITDA, a non-GAAP financial measure, may provide users of thisfinancial information with additional insights into the operating performance of the business. EBITDA (in millions) for the nine-monthperiods ended Jan. 30, 2016 and Jan. 31,2015, and twelve-month period ended January 30, 2016, of $75.5, $65.4 and $96.7,respectively, is calculated by adding the following expenses back to Net Income for each of the periods: Depreciation andAmortization of $9.1, $8.9 and $11.8; Net Interest Expense of $.1, $.3 and $.2; and Provision for Income Taxes of $22.7, $19.1 and$29.0.