Exhibit 99.1
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NASDAQ: FIZZ For Immediate Release Contact: Office of the Chairman, Grace Keene |
NATIONAL BEVERAGE CORP.
‘BREAK-OUT’ RESULTS
FOR A‘BREAK-OUT’ YEAR
FORT LAUDERDALE, FL, July 14, 2016 . . . National Beverage Corp. (NASDAQ: FIZZ) today reported ‘Break-Out’ results, as previously committed, with revenues and net income surpassing expectations.
“When one looks at growth potential combined with quality of earnings and unprecedented consumer demand, the question is not one of value . . . but one of indeterminable potential!!” stated Nick A. Caporella, Chairman and Chief Executive Officer, at a recent Michigan executive meeting.
“Indeterminable potential isnot only the result of excellent fundamentals . . . but, more profoundly – Genius Innovation! We are on the right side of novel . . . where dynamics such as product development, packaging,Innocent ingredients,millennial optics andshelf marketing are uniquely synthesized.The Result =Indeterminable Potential!” smiled Caporella.
(Dollars in Millions except EPS)
For the Fiscal Year Ended April 30, 2016 –
| Revenues | Op. Income | Net Income | EPS | EBITDA* | Cash | |||||||||||||||||
FY 2016 | $704.8 | $ 93.1 | $61.2 | $1.31 | $104.9 | $105.6 | ||||||||||||||||
Growth | 9% | 26% | 24% | 24% | 21% | 101% | ||||||||||||||||
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National Beverage Corp.
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“Good fortune absolutely, but also highly-essenced strategies and impressive brand assets –clearlyat work. We have first place, the leadership role in the healthy, sparkling water category. LaCroix is blessed with acult following. What does that really mean? It means that our consumer basepromotes others to follow and favor LaCroix while creating‘Buzz’ and promoting the healthy benefits of our mutually ‘owned’LaLa LaCroix brand.
This year witnessed‘proven’ predictions relative to many works in progress. The ongoing success of LaCroix’s Cúrate ‘theme’ continues its unparalleled growth.TangerEEN is proving to be the most dynamic LaCroix launch thus far and LaCroix NiCola is refreshingly satisfying cola converts at every new location,” exclaimed Caporella.
“Shasta SparklingWaterSDA (soft drink alternative), with its eloquent design, has been introduced within Shasta’s demographic areas where carbonated soft drink consumers who want their nostalgic Shasta flavors – now have a choice of entirely ‘Innocent’ and exciting healthy alternatives. While our shareholders are enjoying‘more thanhealthy’ increases, our innovation and creativity are generating untethered consumer demand.
Our normally strong first quarter of a new year usually predicts a good year-over-year growth probability. This first quarter will see revenues exceed $200 million for the very first time – another respectable milestone . . . Yes!
Anxious America wants to bemore than healthy – we are doingmore than our part!”concluded 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
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National Beverage Corp.
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 | Achievements |
MILESTONES
● | Launch of Shasta Sparkling (SDA) Clean | ● | FIZZ Surpassed $2.5 Billion Market Cap1 | |
| Label – Industry First |
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| ● | 1st Qtr. FY ’17 Revenues Will Exceed $200 | |||
● | LaCroixTangerEEN Sets New Launch Records |
| Million – New Milestone |
TTM STATISTICS1
● | EBITDA* UP 34% to $118 million |
| ● | Operating Margin(% of sales) Advanced |
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| Additional10%over FY ’16to 14.5% |
| ● | FIZZ UP 168% to $61.37 |
1 Trailing Twelve Months ended July 2, 2016
National Beverage Corp.
Consolidated Results for the Periods Ended
April 30, 2016 and May 2, 2015
Fourth Quarter Statistics | Fiscal Year Ended | ||||||||
April 30, 2016 vs. May 2, 2015 | April 30, 2016 | May 2, 2015 | |||||||
(in thousands, except per share amounts) | |||||||||
Gross Profit - | Net Sales | $ 704,785 | $ 645,825 | ||||||
| Up 280 bps to 36.5% of Net Sales | |||||||||
Net Income | $ 61,198 | $ 49,311 | |||||||
Operating Income - | |||||||||
| Up 43% to $26.5 million | Earnings Per | ||||||||
| Common Share | |||||||||
Net Income - | Basic | $ 1.31 | $ 1.06 | ||||||
| Up 44% to $17.5 million | Diluted | $ 1.31 | $ 1.05 | ||||||
EBITDA* - | Average Common Shares | ||||||||
| Up 38% to $29.3 million | Outstanding | ||||||||
| Basic | 46,452 | 46,353 | |||||||
| Diluted | 46,671 | 46,559 | |||||||
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 achievementsof the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-lookingstatements. Such factors include fluctuations in costs, changes in consumer preferences and other items and risk factors described in the Company'sSecurities and Exchange Commission filings. The Company disclaims an obligation to update any such factors or to publicly announce the resultsof any revisions to any forward-looking statements 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 this financial information with additionalinsights into the operating performance of the business. EBITDA (in millions) for the fourth quarter and fiscal year ended April 30, 2016, and for thetrailing twelve months ended July 2, 2016, of $29.3 and $104.9, and $117.8, respectively, is calculated by adding the following expenses back toNet Income for each of the periods: Depreciation and Amortization of $3.0, $12.1 and $12.0; Net Interest Expense of $0, $.1 and $.1; and Provisionfor Income Taxes of $8.8, $31.5 and $35.9.
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