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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): July 13, 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)
(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 July 13, 2007, National Beverage Corp. issued a press release announcing its
financial results for its fiscal year ended April 28, 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 July 13, 2007 announcing the
Company's financial results for its fiscal year ended
April 28, 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: July 13, 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 July 13, 2007 announcing the Company's financial
results for its fiscal year ended April 28, 2007
Exhibit 99.1
National Beverage Reports Growth in Transition for Fiscal 2007
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--July 13, 2007--National
Beverage Corp. (NASDAQ:FIZZ) today reported financial results for its
year ended April 28, 2007. Compared to the prior year:
-- Revenues grew $22.2 million to $539.0 million;
-- Net Income increased 11% to $24.7 million or $.54 per share;
-- Operating Margins and Net Income Margins grew solidly over
prior year; and
-- Shareholders Equity and Working Capital both reached record
year-end levels of $157 million and $98 million, respectively.
"It is quite difficult to manage change and tradition...and
immediately achieve great results, but we are doing just that," stated
Chairman and Chief Executive Officer, Nick A. Caporella.
"Our 'best ever' financial results for fiscal year 2007 continue
to validate our efforts relative to products and packages for a
changing beverage consumer. As we weave our way through the
'challenges' within our industry and continue to create products that
appeal to and satisfy those demanding consumers...we also earnestly
work to make our shareholders jubilant with actions like the 20% stock
dividend and the recently declared $.80 cash dividend," continued
Caporella.
"There is no greater challenge than to effect significant change
while creating appealing results and contentment for
everyone...nonetheless, this is our mandate as we continue forward
demanding success within our Opportunistic Transition," concluded a
smiling Caporella.
National Beverage is highly innovative, making it unique as a
pace-setter in the changing soft-drink industry. Its lineup of
refreshment products consisting of - Energy Drinks and Fortified
Powders, Vitamin Enhanced juices and waters, and new-to-come beverage
supplements are geared toward the lifestyle/health-conscious consumer.
Shasta(R) - Faygo(R) - Everfresh(R) and LaCroix(R) are aligned
with Rip It(R) and FREEK(TM) energy products to make National
Beverage...America's Flavor--Favorite - soft-drink company.
Fun, Flavor and Vitality...the National Beverage Way
National Beverage Corp.
Consolidated Results for the Fiscal Year Ended
April 28, 2007 and April 29, 2006
(in thousands, except per share amounts)
Fiscal Year Ended
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April 28, April 29,
2007 2006
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Net Sales $539,030 $516,802
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Net Income $24,682 $22,226
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Net Income Per Share (a):
Basic $.54 $.49
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Diluted $.54 $.48
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Average Common Shares Outstanding (a):
Basic 45,763 45,367
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Diluted 46,073 45,946
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(a) Net Income per share and average common shares outstanding amounts
are adjusted for the 20% stock dividend distributed on June 22, 2007.
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 disclaims an obligation to update
any such factors or to publicly announce the results of any revisions
to any forward-looking statements contained herein to reflect future
events or developments.
CONTACT: National Beverage Corp., Fort Lauderdale
Grace A. Keene, Office of the Chairman, 954-581-0922