FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- National Beverage Corp. (NASDAQ:FIZZ) today reported results for Fiscal 2014.
"While we exhausted vigorous efforts to overcome much repeated industry challenges, our Fiscal 2014 results were skewed," stated Nick A. Caporella, Chairman and Chief Executive Officer. "Painful, Yes - Resilient and Resourceful, we excitingly begin Fiscal 2015," continued Caporella.
For the fiscal year ended May 3, 2014 -
- Revenues decreased to $641.1 million, off 3.2%
- Net income decreased to $43.6 million, off 7.0%
- Earnings per share decreased to $.93, off 7.9%
"National Beverage is a quality Company, led by its passion to innovate. Vigorous attempts are simultaneously underway to lead the soft drink industry through its evolution to comply with the outcry of regulators and consumers alike. We are and plan to continue leading the way. All areas of our business, including carbonated soft drinks, are growing! Yes, the size of our smile is magnified by our Power+ Sparkling Waters. Our new dynamic creative has resulted in exciting consumer appeal. Keep a watchful eye for LaCroix's Cúrate with its one-of-a-kind packaging and unique taste! Also, our distinctive change to the new flavors of brand LaCroix are a ‘must' see and taste," stated Caporella.
"First quarter is more than on track - May and June have given Fiscal 2015 a passionate start. That's a YES!!
A lesson worth sharing: silver linings usually accompany challenges, microscopic and often missed. Ours is a vivid confirmation that we own a philosophy that provokes our agility to change direction quickly - while a dynamic metamorphosis is underway in the soft drink industry. Our silver lining places us magnificently in the forefront of it! Indeed, our shareholder value will reflect these opportunistic elements.
Muhammad Ali once said, ‘Taking a punch at certain times . . . may be far better than giving one!'" concluded Caporella.
