US: National Beverage Corp posts FY profits rise
National Beverage Corp. said it delivered a "solid" performance
National Beverage Corp has booked an increase in net profits for its fiscal full-year.
For the 12 months to 1 May, profits amounted to US$32.9m compared to $24.7m in the prior year, representing a rise of 33%.
Net sales increased to $593.5m from $575.2m in the previous year.
For the fourth quarter, sales grew to $149.6m from $148.4m in the comparable period of the prior year, while profits increased 34% to reach $9.2m.
“Our fourth quarter and solid year’s performance is a testament to National’s dedicated focus,” said Nick Caporella, chairman and CEO. “Our growth relative to the dynamics of our brands will afford us similar performance results in the future and continue to magnify our shareholder value.”
Back in December, the US-based soft drinks company professed itself "content" with its performance in the first half.
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