FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- National Beverage Corp. (NASDAQ: FIZZ) today announced results for its first quarter ended July 31, 2021.
First Quarter Ended July 31, 2021 vs. First Quarter Ended August 1, 2020:
Balance Sheet Data at July 31, 2021
“Considering the headwinds that we faced, our financial results for the first quarter reflect extraordinary execution by Team National. Although labor, raw material and transportation availability issues impacted our ability to meet customer demand, we were able to increase sales over last year’s pantry-loading spike while maintaining the margins posted for our previous ‘best ever’ quarter,” stated a company spokesperson.
We believe the following are some of the competitive advantages that National Beverage enjoys:
“As the U.S. deals with uncertainty while Covid cases are increasing, we are more determined than ever in our mission to help make America healthy. Fiscal 2022 brings unique opportunities for National Beverage as we continue our vow to create the best and healthiest beverages ever produced,” the spokesperson concluded.
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National Beverage Corp. | ||||||
Consolidated Results for the Periods Ended | ||||||
July 31, 2021 and August 1, 2020 | ||||||
(in thousands, except per share amounts) | ||||||
Three Months Ended | ||||||
July 31, 2021 |
| August 1, 2020 | ||||
Net Sales | $ | 311,712 | $ | 293,367 | ||
Net Income | $ | 53,816 | $ | 51,164 | ||
Earnings Per Common Share | ||||||
Basic | $ | .58 | $ | .55 | ||
Diluted | $ | .58 | $ | .55 | ||
Average Common Shares Outstanding | ||||||
Basic |
| 93,306 |
| 93,248 | ||
Diluted |
| 93,574 |
| 93,508 |
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks, uncertainties and other factors described in the Company's Securities and Exchange Commission filings which may cause actual results or achievements to differ from the results or achievements expressed or implied by such statements. The Company disclaims an obligation to update or announce revisions to any forward-looking statements. |
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Office of the ChairmanGrace Keene 877-NBC-FIZZ
Source: National Beverage Corp.