Record Third Quarter Revenues on Growth in Velocity Reports National Beverage Corp.
-
Net sales were
, a third-quarter sales record;$259 million -
Brand Pricing Power :-
Pricing per case increased
10.1% compared to the prior year’s quarter and6.1% on a trailing-twelve-month basis;
-
Pricing per case increased
-
Gross profit was
for the third quarter, the second highest in our history; and$94 million -
Earnings per share was
$.33
“Our results for the third quarter demonstrate the sustainability of healthy innovative brands with dynamic consumer appeal,” stated a company spokesperson. “By necessity, we have led the industry in increased pricing to recover rising packaging, ingredient and transportation costs. Case volume for the quarter was slightly below a year ago, but increased
“Innovation and creativity are key at National Beverage, and we alone have continued to bring distinctive taste and stunning packaging to consumers from coast to coast. Our uniqueness is why our velocity per point of distribution exceeds major competitors. We recently announced our newest, innovative flavor –
“All-time inflation deterrents such as our iconic sodas,
“Patriotism” – If Only We Could Bottle It!
|
|||||||||||
Consolidated Results for the Periods Ended |
|||||||||||
|
|||||||||||
|
|
||||||||||
|
(in thousands, except per share amounts) |
||||||||||
|
Three Months Ended |
|
Nine Months Ended |
||||||||
|
|
|
|
|
|
|
|
||||
$ |
258,923 |
$ |
245,931 |
$ |
853,793 |
$ |
811,107 |
||||
Net Income | $ |
31,068 |
$ |
36,687 |
$ |
124,168 |
$ |
135,015 |
|||
Earnings Per Common Share | |||||||||||
Basic | $ |
.33 |
$ |
.39 |
$ |
1.33 |
$ |
1.45 |
|||
Diluted | $ |
.33 |
$ |
.39 |
$ |
1.33 |
$ |
1.44 |
|||
Average Common Shares Outstanding | |||||||||||
Basic |
|
93,329 |
|
93,296 |
|
93,319 |
|
93,273 |
|||
Diluted |
|
93,611 |
|
93,610 |
|
93,608 |
|
93,624 |
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20220310005735/en/
877-NBC-FIZZ
Source: