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
11, 2008
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.) |
One North University Drive 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) |
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 September 11, 2008, National Beverage Corp. issued a press release announcing its financial results for its first quarter ended August 2, 2008. 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 11, 2008 announcing the Company’s |
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) |
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Date: |
September 11, 2008 |
/s/ Dean A. McCoy |
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Dean A. McCoy |
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Senior Vice President and |
EXHIBIT INDEX
99.1 |
Press release dated September 11, 2008 announcing the Company’s
financial results for |
Exhibit 99.1
National Beverage Announces Earnings Growth in First Quarter
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--National Beverage Corp. (NASDAQ:FIZZ) today reported financial results for its first quarter ended August 2, 2008:
“The continuing strategy to protect margins while compensating for carbonated soft drink (CSD) declines produced growth in both operating and net income for this period,” stated Chairman and Chief Executive Officer, Nick A. Caporella.
“Our volume for the LaCroix line continues to have moderate double-digit growth and the rollout of Àsanté vitamin-enhanced water is on target. These non-CSD products are compensating for the volume decline in retailer branded cases and the temporary softness of our Shasta and Faygo brands, the latter due to the recent curtailment of promotional activity by some retailers,” continued Caporella.
“While this quarter witnessed ‘see-saw’ swings in raw materials, cost increases moderated somewhat and energy costs have stabilized or moved slightly lower, causing a more favorable view ahead. The current economic conditions have impacted our ‘highly leveraged’ competitors giving our major retail partners reason to embrace our brand-related strategic alliance platform. Our manufacturing capacity/location advantage, combined with our strong balance sheet, gives our retail partners confidence that they made the Right Choice,” 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 consisting of – Energy Drinks and Fortified Powders, functionally enhanced juices and waters, and new-to-come beverage supplements 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 Months Ended August 2, 2008 and July 28, 2007 (in thousands, except per share amounts) |
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Three Months Ended | |||||||
August 2, | July 28, | ||||||
2008 | 2007 | ||||||
Net Sales | $ | 152,927 | $ | 151,764 | |||
Net Income | $ | 7,751 | $ | 7,185 | |||
Net Income Per Share | |||||||
Basic | $ | .17 | $ | .16 | |||
Diluted | $ | .17 | $ | .16 | |||
Average Common Shares Outstanding | |||||||
Basic | 45,982 | 45,812 | |||||
Diluted | 46,135 | 46,123 | |||||
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