fizz20190905_8k.htm
false 0000069891 National Beverage Corp. 0000069891 2019-09-05 2019-09-05

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT Pursuant

to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported):      September 5, 2019

 

National Beverage Corp.


(Exact Name of Registrant as Specified in Its Charter)

 

Delaware


(State or Other Jurisdiction of Incorporation)

 

1-14170 59-2605822
(Commission File Number) (IRS Employer Identification No.)
   
   
8100 SW Tenth Street, Suite 4000  
Fort Lauderdale, Florida 33324
(Address of Principal Executive Offices) (Zip Code)

               

 

(954) 581-0922


(Registrant’s Telephone Number, Including Area Code)

 

 


(Former Name or Former Address, if Changed Since Last Report)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, par value $.01 per share

FIZZ

The NASDAQ Global Select Market

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

Item 2.02 Results of Operations and Financial Condition

 

On September 5, 2019, National Beverage Corp. issued a press release announcing financial results for the three-month period ended July 27, 2019. This release is furnished herewith as Exhibit 99.1 hereto.

 

 

Item 9.01 Financial Statements and Exhibits

 

(c) Exhibit 99.1

Press release dated September 5, 2019 announcing the Company’s financial results for the three-month period ended July 27, 2019.

 

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

National Beverage Corp.

(Registrant)

 

 

By:

/s/ George R. Bracken

George R. Bracken

Executive Vice President – Finance

(Principal Financial Officer)

 

 

Date: September 6, 2019

 

 

 

EXHIBIT INDEX

 

 

99.1

Press release dated September 5, 2019 announcing the Company’s financial results for the three-month period ended July 27, 2019.

 

ex_157241.htm

Exhibit 99.1

 

 

NASDAQ: FIZZ

For Immediate Release

Contact: Office of the Chairman, Grace Keene

   
   

 

 

NATIONAL BEVERAGE CORP.

REPORTS COMPARATIVE RESULTS

 

FORT LAUDERDALE, FL, September 5, 2019 . . . National Beverage Corp. (NASDAQ: FIZZ) today announced results for its first quarter ended July 27, 2019.

 

 

In thousands, except EPS

 

Net Sales

   

Net Income

   

EPS

 
                           

Three Months Ended July 27, 2019

  $ 263,568     $ 34,542     $ .74  
       
     
     
 

Three Months Ended April 27, 2019

  $ 239,914     $ 26,135     $ .56  

 

 

The above presentation emphasizes brand LaCroix’s significant stair-step influence returning to a more positive directional position.

 

The Company has an authorized stock repurchase plan in effect as disclosed in its Form 10-K. Cash on hand is $202.7 million at July 2019.

 

 

Trending Perspectives

 

 

New focus is National Beverage’s core driver and international customers are piggyback targets providing growth.

 

 

Unique theme and demographic innovation will stay permanently affixed to the dashboard.

 

 

Canada, the United Kingdom, Ireland and European distribution partnerships are dashboard priorities.

 

 

 

-more-

 

 

 

 

 


National Beverage Corp. 

Page 2   

 

Highlights First Quarter

 

 

LaCroix’s 13 market bus tour and sampling experiences garnered over 25 million in impressions this summer (actual 25,192,955 source Vector Media).

 

 

LaCroix Hi-Biscus Social Campaign reached influencers representing over 187 million impressions on Instagram (actual 187,206,444 source Instagram).

 

 

LaCroix Pamplemousse has reached iconic status with numerous placements in the media including several appearances on the Tonight Show featuring Jimmy Fallon. The entire LaCroix line up is now led by Pamplemousse.

 

 

We want to thank our loyal and dedicated consumer base that applauded the launch of our Hi-Biscus.

 

We love our LaCroix . . .

 

We are passionate about our LaCroix . . .

 

We are crazy about our LaCroix . . .

 

We #LIVE LaCroix!!

 

 

 

-more-

 

 

 

 

 

 


National Beverage Corp. 

Page 3

 

National Beverage Corp.

Consolidated Results for the Periods Ended

April 27, 2019, July 27, 2019 and July 28, 2018

 

 

   

(in thousands, except per share amounts)

 
   

Three Months Ended

 
   

 

April 27, 2019

   

 

July 27, 2019

   

 

July 28, 2018

 
                         

Net Sales

  $ 239,914     $ 263,568     $ 292,590  
                         

Net Income

  $ 26,135     $ 34,542     $ 48,830  
                         

Earnings Per Common Share

                       

Basic

  $ .56     $ .74     $ 1.05  

Diluted

  $ .56     $ .74     $ 1.04  
                         

Average Common Shares Outstanding

                       

Basic

    46,644       46,646       46,619  

Diluted

    46,892       46,880       46,919  

 

 

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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Document And Entity Information
Sep. 05, 2019
Document Information [Line Items]  
Entity Registrant Name National Beverage Corp.
Document Type 8-K
Document Period End Date Sep. 05, 2019
Entity Incorporation, State or Country Code DE
Entity File Number 1-14170
Entity Tax Identification Number 59-2605822
Entity Address, Address Line One 8100 SW Tenth Street, Suite 4000
Entity Address, City or Town Fort Lauderdale
Entity Address, State or Province FL
Entity Address, Postal Zip Code 33324
City Area Code 954
Local Phone Number 581-0922
Title of 12(b) Security Common Stock, par value $.01 per share
Trading Symbol FIZZ
Security Exchange Name NASDAQ
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Ex Transition Period false
Amendment Flag false
Entity Central Index Key 0000069891