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): March 14, 2007
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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)
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(954) 581-0922
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(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 March 14, 2007, National Beverage Corp. issued a press release announcing its
financial results for the third quarter and nine months ended January 27, 2007.
This release is furnished herewith as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
( c ) Exhibit 99.1 Press release dated March 14, 2007 announcing the
Company's earnings for the third quarter and nine
months ended January 27, 2007.
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: March 14, 2007 /s/ Dean A. McCoy
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Dean A. McCoy
Senior Vice President -
Chief Accounting Officer
EXHIBIT INDEX
99.1 Press release dated March 14, 2007 announcing the Company's earnings for
the third quarter and nine months ended January 27, 2007.
Exhibit 99.1
National Beverage Corp.'s Winter Quarter Produces 'Hot' . . . Results
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--March 14, 2007--National
Beverage Corp. (AMEX:FIZ) today reported financial results for its
third quarter ended January 27, 2007.
Compared to the third quarter of the prior year:
-- Revenues increased 7% to $117.1 million; and
-- Earnings per Share improved 33% to $.08.
For the nine months ended January 27, 2007:
-- Revenues grew $19.6 million to $403.1 million; and
-- Earnings per Share increased 11% to $.49.
"The focus on maximizing growth of our premium products led to
achieving record third quarter results during what is typically our
weakest period. Strict adherence to our growth plan that concentrates
our efforts on the demographics and distribution for our premium
beverages produced these superior results," stated Chairman and Chief
Executive Officer, Nick A. Caporella.
"Rip It energy fuel, LaCroix waters and Everfresh juices all
posted volume gains that more than offset challenges within the
typical carbonated soft drink segment . . . and while the effects of
increased selling prices have yet to be determined, we are encouraged
by our 'designed' performance," continued Mr. Caporella.
"Innovation is our mantra . . . products, consumers, distribution
and shareholders will certainly benefit from our creative diligence!
We believe it's no coincidence that the introduction of our newest
'female' energy beverage 'Chic' and the recent successes of its
spokesperson, Olympic Ski Champion Julia Mancuso . . . smack of a
winning prophecy," concluded Caporella.
National Beverage is a UNIQUE BEVERAGE COMPANY that innovates and
produces energy drinks, powders, 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), Rip It(R) , Rip It Chic(TM) and
FREEK(TM).
Fun, Flavor and Vitality . . . the National Beverage Way
National Beverage Corp.
Consolidated Results for the Three Months and Nine Months Ended
January 27, 2007 and January 28, 2006
(in thousands, except per share amounts)
Three Months Ended Nine Months Ended
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January 27, January 28, January 27, January 28,
2007 2006 (a) 2007 2006 (a)
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Net Sales $117,123 $109,587 $403,077 $383,452
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Net Income $3,034 $2,297 $18,542 $16,554
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Net Income Per Share:
Basic $.08 $.06 $.49 $.44
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Diluted $.08 $.06 $.48 $.43
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Average Common Shares
Outstanding:
Basic 38,143 37,860 38,128 37,728
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Diluted 38,388 38,325 38,384 38,283
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(a) January 28, 2006, three-month and nine-month periods included $.02
and $.14, respectively, for the previously disclosed sweetener
settlement.
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 and risk factors described in the Company's Securities and
Exchange Commission filings and the Company undertakes no obligations
to update the forward-looking statements.
CONTACT: National Beverage Corp., Fort Lauderdale
Grace A. Keene, Office of the Chairman, 954-581-0922