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 5, 2019

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.)
8100 SW Tenth Street, Suite 4000
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)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, par value $.01 per share	FIZZ	The NASDAQ Global Select Market

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On September 5, 2019, National Beverage Corp. issued a press release announcing financial results for the three-month period ended July 27, 2019. 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 5, 2019 announcing the Company’s financial results for the three-month period ended July 27, 2019.

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)

By: /s/ George R. Bracken

George R. Bracken

Executive Vice President – Finance

(Principal Financial Officer)

Date: September 6, 2019

EXHIBIT INDEX

99.1 Press release dated September 5, 2019 announcing the Company’s financial results for the three-month period ended July 27, 2019.

EX-99.1

Exhibit 99.1

	NASDAQ: FIZZ For Immediate Release Contact: Office of the Chairman, Grace Keene

NATIONAL BEVERAGE CORP.

REPORTS COMPARATIVE RESULTS

FORT LAUDERDALE, FL, September 5, 2019 . . . National Beverage Corp. (NASDAQ: FIZZ) today announced results for its first quarter ended July 27, 2019.

In thousands, except EPS	Net Sales		Net Income		EPS
Three Months Ended July 27, 2019	$	263,568	$	34,542	$	.74
Three Months Ended April 27, 2019	$	239,914	$	26,135	$	.56

The above presentation emphasizes brand LaCroix’s significant stair-step influence returning to a more positive directional position.

The Company has an authorized stock repurchase plan in effect as disclosed in its Form 10-K. Cash on hand is $202.7 million at July 2019.

Trending Perspectives

● New focus is National Beverage’s core driver and international customers are piggyback targets providing growth.

● Unique theme and demographic innovation will stay permanently affixed to the dashboard.

● Canada, the United Kingdom, Ireland and European distribution partnerships are dashboard priorities.

-more-

National Beverage Corp. 

Page 2   

Highlights First Quarter

● LaCroix’s 13 market bus tour and sampling experiences garnered over 25 million in impressions this summer (actual 25,192,955 source Vector Media).

● LaCroix Hi-Biscus Social Campaign reached influencers representing over 187 million impressions on Instagram (actual 187,206,444 source Instagram).

● LaCroix Pamplemousse has reached iconic status with numerous placements in the media including several appearances on the Tonight Show featuring Jimmy Fallon. The entire LaCroix line up is now led by Pamplemousse.

We want to thank our loyal and dedicated consumer base that applauded the launch of our Hi-Biscus.

We love our LaCroix . . .

We are passionate about our LaCroix . . .

We are crazy about our LaCroix . . .

We #LIVE LaCroix!!

-more-

 

National Beverage Corp. 

Page 3

National Beverage Corp.

Consolidated Results for the Periods Ended

April 27, 2019, July 27, 2019 and July 28, 2018

	(in thousands, except per share amounts)
	Three Months Ended
	April 27, 2019		July 27, 2019		July 28, 2018
Net Sales	$	239,914	$	263,568	$	292,590
Net Income	$	26,135	$	34,542	$	48,830
Earnings Per Common Share
Basic	$	.56	$	.74	$	1.05
Diluted	$	.56	$	.74	$	1.04
Average Common Shares Outstanding
Basic		46,644		46,646		46,619
Diluted		46,892		46,880		46,919

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks, uncertainties and other factors described in the Company's Securities and Exchange Commission filings which may cause actual results or achievements to differ from the results or achievements expressed or implied by such statements. The Company disclaims an obligation to update or announce revisions to any forward-looking statements.

XML

Document And Entity Information	Sep. 05, 2019
Document Information [Line Items]
Entity Registrant Name	National Beverage Corp.
Document Type	8-K
Document Period End Date	Sep. 05, 2019
Entity Incorporation, State or Country Code	DE
Entity File Number	1-14170
Entity Tax Identification Number	59-2605822
Entity Address, Address Line One	8100 SW Tenth Street, Suite 4000
Entity Address, City or Town	Fort Lauderdale
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33324
City Area Code	954
Local Phone Number	581-0922
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	FIZZ
Security Exchange Name	NASDAQ
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Amendment Flag	false
Entity Central Index Key	0000069891