Business Wire | Dec 10, 2020 04:12PM EST

National Beverage Corp. Delivers . . . Good Tidings - Good Results - Good Cheer!

Dec. 10, 2020

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 10, 2020--National Beverage Corp. (NASDAQ: FIZZ) today released the following:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201210006088/en/

Extravagance of Delicious!! (Photo: Business Wire)

"National Beverage is committed to bringing joy and good tidings to America, especially during these trying times. Each and every day, we diligently attempt to refresh our loyal consumers with feel-good, creative innovations in taste, unique flavors and eye-catching packaging," stated a company spokesperson.

For the quarter ended October 31, 2020:

Second Quarter FY 2021 vs. Second Quarter FY 2020

* Net sales were $272 million, up 8%; * Gross margin was $108 million, up 16.4%; * Operating profit increased from 16.6% to 22.7% of sales; and * Net income was $47.2 million or $ 1.01 per share, up 44%.

For the trailing 12 Months

* Net sales were $1,050 million, up 7.6%; * Operating margins increased 430 bps; * Earnings per share increased 36.8% to $3.46; and * Cash increased $172 million to $405 million.

"How does National Beverage create so much goodness?

Mull this wonderful thought over . . . We are the cost of a tiny pick-up truck away from returning ONE BILLION DOLLARS to our shareholders.

Is that goodness?

Mull this second thought over . . . The day we started National Beverage, we couldn't afford to buy that tiny pick-up truck.

Is that goodness?

Mull this third thought over . . . The day we produced the first can of LaCroix sparkling water, no other premium domestic sparkling water existed.

Is that goodness?

Mull this fourth thought over . . . Fast forward to this press release. National Beverage cultivates the finest team of dedicated people in the beverage industry. Its three newest flavors, LimonCello, Pastque and Hi-Biscus, are unique to the world of beverages.

Now certainly, that is goodness!

These are just a few of the long list of intangible factors that make National Beverage genuinely the company that no analyst ever writes or even knows about. Yes, we are blessed with the unique DNA of aggressiveness and creativity, and we ALL go to work each morning with one thought in mind; we are going to outdo ourselves today while making the highest-quality beverages for our loyal consumers.

Now again, that is goodness!

The current pandemic is rampant and requires our complete diligence. That special DNA that we judge ourselves and our products with not only inspires us to create the finest-tasting beverages, but also instills compassion in all that we tastefully stand for. Hopefully, the vaccines promised soon will bring us back to some form of normalcy.

Companies do not end up doing good for their shareholders, they start with their commitment to the shareholders - and make good on it!

This is the core of all that we are at National Beverage Corp.

Wishing you a Merry Christmas, Happy Holidays and a virus-free Earth," concluded the spokesperson.

National Beverage Corp.Consolidated Results for the Periods EndedOctober 31, 2020 and October 26, 2019 (in thousands, except per share amounts) Three Months Ended Twelve Months Ended

Oct. 31, Oct. 26, Oct. 31, 2020 Oct. 26, 2020 2019 2019 Net Sales $ 271,809 $ 251,611 $ 1,050,391 $ 975,985

Net Income $ 47,164 $ 32,654 $ 161,105 $ 118,140

Earnings Per Common ShareBasic $ 1.01 $ .70 $ 3.46 $ 2.53

Diluted $ 1.01 $ .70 $ 3.44 $ 2.52

Average Common SharesOutstandingBasic 46,638 46,653 46,610 46,654

Diluted 46,877 46,877 46,765 46,868

This press release includes forward-looking statements within the meaning ofthe Private Securities Litigation Reform Act of 1995. Forward-lookingstatements involve risks, uncertainties and other factors described in theCompany's Securities and Exchange Commission filings which may cause actualresults or achievements to differ from the results or achievements expressed orimplied by such statements. The Company disclaims an obligation to update orannounce revisions to any forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20201210006088/en/

CONTACT: Office of the Chairman Grace Keene 877-NBC-FIZZ