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
10, 2009
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National Beverage Corp. |
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(Exact Name of Registrant as Specified in Its Charter) |
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Delaware |
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(State or Other Jurisdiction of Incorporation) |
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1-14170 |
59-2605822 |
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(Commission File Number) |
(IRS Employer Identification No.) |
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8100 SW Tenth Street, Suite 4000 Fort Lauderdale, Florida |
33324 |
| (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 December 10, 2009, National Beverage Corp. issued a press release announcing financial results for the three and six month periods ended October 31, 2009. 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 10, 2009 announcing the Company’s financial results for the three and six month periods ended October 31, 2009. |
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.
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National Beverage Corp. |
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(Registrant) |
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Date: |
December 10, 2009 |
/s/ Dean A. McCoy |
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Dean A. McCoy |
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Senior Vice President and |
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EXHIBIT INDEX
| 99.1 |
Press release dated December 10, 2009 announcing the Company’s financial results for the three and six month periods ended October 31, 2009. |
Exhibit 99.1
National Beverage Corp. Sustains Momentum; Reports Six Months Results
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--December 10, 2009--National Beverage Corp. (NASDAQ: FIZZ) today reported financial results for its mid-year (six months) and second quarter ended October 31, 2009.
For the six months:
- Revenues increased 5% to $312.4 million.
- Net income grew to $18.1 million.
- Earnings per share grew 26% to $.39.
“We find ourselves quite content and privileged to report six-month results that sustained both revenue and profit growth in spite of the present economic climate,” stated Chairman and Chief Executive Officer, Nick A. Caporella.
“Our revenue growth in North America out-classed most other soft drink producers and this performance remains attributable to our value brands and today’s cautious consumer spending philosophy,” continued Caporella.
“Recently, certain of our long-standing characteristics have risen to ‘forward thinking status’, such as – vertical integration and owner-operator philosophy. While we have employed these as our core philosophy since inception, others may have recently discovered the soundness of our business/management techniques.”
“While ‘opportunistic’ in every sense of our being, we are cautiously alert to the continuing economic menace and its consequences. Hopefully, good news, good results and renewed confidence will rekindle warm feelings for all . . . during the upcoming holiday season,” concluded Caporella.
National Beverage is highly innovative, making it unique as a pace-setter in the changing soft-drink industry. Its lineup of refreshment products including – energy drinks, fortified powders and supplements, and functionally enhanced juices and waters – are geared toward the lifestyle/health-conscious consumer.
Shasta® – Faygo® – Everfresh® and LaCroix® are aligned with Rip It® 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 Three and Six Months Ended | |||||||||||||||||
| October 31, 2009 and November 1, 2008 | |||||||||||||||||
| (in thousands, except per share amounts) | |||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||
| October 31, | November 1, | October 31, | November 1, | ||||||||||||||
|
2009 |
2008 | 2009 | 2008 | ||||||||||||||
| Net Sales | $ | 149,571 | $ | 144,375 | $ | 312,402 | $ | 297,302 | |||||||||
| Net Income | $ | 8,324 | $ | 6,483 | $ | 18,117 | $ | 14,234 | |||||||||
| Net Income Per Share | |||||||||||||||||
| Basic | $ | .18 | $ | .14 | $ | .39 | $ | .31 | |||||||||
| Diluted | $ | .18 | $ | .14 | $ | .39 | $ | .31 | |||||||||
| Average Common Shares Outstanding | |||||||||||||||||
| Basic | 46,020 | 46,002 | 46,017 | 45,992 | |||||||||||||
| Diluted | 46,275 | 46,195 | 46,268 | 46,165 | |||||||||||||
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.
Grace Keene, Office of the
Chairman, 877-NBC-FIZZ