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): December 13, 2005
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National Beverage Corp.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-14170 59-2605822
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(Commission File Number) (IRS Employer Identification No.)
One North University Drive
Fort Lauderdale, Florida 33324
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(Address of Principal Executive Offices) (Zip Code)
(954) 581-0922
(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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))
Item 2.02 Results of Operations and Financial Condition
On December 13, 2005, National Beverage Corp. issued a press release announcing
its financial results for the second quarter ended October 29, 2005. This
release is furnished herewith as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
( c ) Exhibit 99.1 Press release dated December 13, 2005
announcing the Company's earnings for the
second quarter ended October 29, 2005.
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.
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(Registrant)
Date: December 13, 2005 /s/ Dean A. McCoy
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Dean A. McCoy
Senior Vice President -
Chief Accounting Officer
EXHIBIT INDEX
99.1 Press release dated December 13, 2005 announcing the Company's earnings
for the second quarter ended October 29, 2005.
Exhibit 99.1
National Beverage Corp. Reports 'Solid' Quarter Again!
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 13, 2005--National
Beverage Corp. (AMEX:FIZ) today reported its financial results for the
second quarter ended October 29, 2005. Compared to the prior year
period:
-- Revenues grew 5.3% to $131.5 million;
-- Net Income increased 11% to $4.6 million;
-- Earnings per Share increased to $.12 from $.11; and
-- Shareholders' Equity increased 14% to $158.2 million, or $4.26
per share.
"Our operating results for the second quarter were very 'solid'
considering the extraordinary challenges we faced," stated Nick A.
Caporella, Chairman and Chief Executive Officer. "Double-digit growth
of our Rip It energy beverage line and improved product mix overcame
the business interruption cost and damage of three hurricanes that
severely impacted three of our facilities. The quarter was also helped
by an increase in average selling prices. Although the recapture of
cost increases has been a continuing 'work in process', it appears we
have been successful in neutralizing most of the recent spike in
energy and commodity costs."
"We continue to focus on the development of higher-margin products
and distribution channels, while maintaining pricing discipline within
our core carbonated soft drink business. Our recently introduced Rip
It and PowerBlast energy powders will begin shipping during the third
quarter and our St. Nick's line of holiday flavors is on the shelves
this season in new 8-ounce cans."
"The last several quarters have been difficult, but I believe the
second quarter results demonstrate the resolve of our 'Focus' and that
we are on plan for continuing profitable growth...again!"
concluded Mr. Caporella.
National Beverage produces soft drinks, bottled waters, juices and
juice products and is highly recognized for a line of refreshing
flavors through its popular brands: Shasta(R), Faygo(R), Ritz(R),
Everfresh(R), Mr. Pure(R), LaCroix(R) and Rip It(R).
Fun & Flavor... the National Beverage Way
National Beverage Corp.
Consolidated Results for the Three Months and Six Months Ended
October 29, 2005 and October 30, 2004
(in thousands, except per share amounts)
Three Months Ended Six Months Ended
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October 29, October 30, October 29, October 30,
2005 2004 2005 2004
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Net Sales $131,502 $124,858 $273,865 $271,370
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Net Income $4,574 $4,120 $14,257 $12,976
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Net Income Per Share:
Basic $.12 $.11 $.38 $.35
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Diluted $.12 $.11 $.37 $.34
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Average Common Shares
Outstanding:
Basic 37,705 37,574 37,662 37,567
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Diluted 38,266 38,240 38,263 38,252
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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
described in the Company's Securities and Exchange Commission filings
and the Company undertakes no obligation to update the forward-looking
statements.
CONTACT: National Beverage Corp., Fort Lauderdale
Grace A. Keene, 954-581-0922