-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IYN/6Ch5GBwgBFJqKhQF/rT4D83nGZV3DsPqLkxu+M2T1uojrjwFNFOBsbHtYZWN Wbi5qxSKbA7zED52cdvCpw== 0001157523-06-009199.txt : 20060914 0001157523-06-009199.hdr.sgml : 20060914 20060914095355 ACCESSION NUMBER: 0001157523-06-009199 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060913 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060914 DATE AS OF CHANGE: 20060914 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL BEVERAGE CORP CENTRAL INDEX KEY: 0000069891 STANDARD INDUSTRIAL CLASSIFICATION: BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086] IRS NUMBER: 592605822 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14170 FILM NUMBER: 061089731 BUSINESS ADDRESS: STREET 1: ONE NORTH UNIVERSITY DRIVE STREET 2: BUILDING A 4TH FLOOR CITY: FORT LAUDERDALE STATE: FL ZIP: 33324 BUSINESS PHONE: 3055810922 MAIL ADDRESS: STREET 1: 1 NORTH UNIVERSITY DR CITY: PLANTATION STATE: FL ZIP: 33324 8-K 1 a5227584.txt NATIONAL BEVERAGE CORP. 8-K 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 13, 2006 ------------------ 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 13, 2006, National Beverage Corp. issued a press release announcing its financial results for the first quarter ended July 29, 2006. 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 13, 2006 announcing the Company's earnings for the first quarter ended July 29, 2006. 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. ----------------------- (Registrant) Date: September 13, 2006 /s/ Dean A. McCoy ----------------- Dean A. McCoy Senior Vice President - Chief Accounting Officer EXHIBIT INDEX 99.1 Press release dated September 13, 2006 announcing the Company's earnings for the first quarter ended July 29, 2006. EX-99.1 2 a5227584ex99_1.txt EXHIBIT 99.1 Exhibit 99.1 National Beverage Corp. Rebounds with Strongest First Quarter FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Sept. 13, 2006--National Beverage Corp. (AMEX:FIZ) today reported financial results for its first quarter ended July 29, 2006. Compared to the first quarter of the prior year and: -- Notwithstanding war induced energy premiums and other related raw material costs: -- Revenues grew 5.5% to $150.1 million; -- Excluding the sweetener settlement received in the prior year, operating income increased 79% to $14.9 million; -- Basic earnings per share were $.26 compared to $.14 for the prior period ($.26 including the sweetener settlement): Reconciliation for Comparability: - --------------------------------- First Qtr. First Qtr. FY 2007 FY 2006 ---------- ----------- Comparable Net Income Per Share - Basic $.26 $.14 (a) Proceeds of Settlement -- .12 ---------- ----------- Reported Net Income Per Share - Basic $.26 $.26 ========== =========== "On the surface, what appears to be a good quarter was actually an excellent one when you scrutinize the circumstances," stated Chairman and Chief Executive Officer, Nick A. Caporella. "While no one should make direct comparisons because last year's first quarter was impacted by the $7.2 million sweetener settlement proceeds, record cost increases and war-related abnormal charges, there is no question that the operating momentum of the last three quarters has pushed forward to the first quarter of FY 2007. Led by the triple-digit growth of Rip It energy beverage, the performance of our higher-margin energy lines and portfolio of juice drinks more than offset the industry-wide softer demand for traditional carbonated soft drinks," continued Mr. Caporella. "We are continuing to expand distribution of our unique Rip It and PowerBlast energy powders and are focused on developing these and other distinct methods to deliver exciting products to the 'alternative demanders'...such as our NEW and FREEKY energy beverage -- Freek!! We are innovative and committed to developing new ideas that taste good," concluded Mr. 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) and Rip It(R). Fun, Flavor and Vitality...the National Beverage Way (chart) (a) Comparable Net Income and Comparable Net Income Per Share are non-GAAP measures which exclude the previously disclosed sweetener litigation settlement of $7.162 million ($4.448 million after tax benefit, or $.12 per share) which was received in the first quarter of the previous year. This non-GAAP financial information is provided to assist investors in understanding business trends and items that are not necessarily indicative of ongoing results. Non-GAAP measures are used by management to evaluate performance, but are supplements to, and not alternatives for, results reported in accordance with GAAP. National Beverage Corp. Consolidated Results for the Three Months Ended July 29, 2006 and July 30, 2005 (in thousands, except per share amounts) Three Months Ended ----------------------- July 29, July 30, 2006 2005 ----------- ----------- Net Sales $150,136 $142,363 =========== =========== Net Income $9,759 $9,683 =========== =========== Comparable Net Income $9,759 $5,235 (a) =========== =========== Net Income Per Share: Basic $.26 $.26 =========== =========== Diluted $.25 $.25 =========== =========== Comparable Net Income Per Share: Basic $.26 $.14 (a) =========== =========== Diluted $.25 $.14 (a) =========== =========== Average Common Shares Outstanding: Basic 38,111 37,619 =========== =========== Diluted 38,378 38,259 =========== =========== 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, 954-581-0922 -----END PRIVACY-ENHANCED MESSAGE-----