US: National Beverage boasts "excellent" Q1
National Beverage Corp. has boasted of an "excellent" first quarter after posting figures for the three months to 29 July.
The US soft drinks producer said yesterday (13 September) that revenues were up 5.5% year-on-year to US$150.1m. After stripping out a US$7.2m gain from the settlement of a sweetener lawsuit last year, operating income leapt 79% to US$14.9m.
Chairman and CEO Nick A. Caporella said: "On the surface, what appears to be a good quarter was actually an excellent one when you scrutinise the circumstances. There is no question that the operating momentum of the last three quarters has pushed forward to the first quarter of fiscal 2007."
The company, Caporella added, was looking to broaden the distribution of its RipIt and Power Blast energy powders as well developing further new products. "We are innovative and committed to developing new ideas that taste good," he said.
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