US: National Beverage Corp records Q3 profit climb
- Q3 net profits leap by 34%
- Sales edge up by 0.3%
- Nine-month profits increase by 26%
- Company on track with earnings growth plan
National Beverage Corp books third-quarter profits increase
National Beverage Corp has recorded a healthy rise in net profits for its third quarter.
For the three months to 29 January, profits climbed by 34% to US$7.4m, the US-based soft drinks firm reported yesterday (14 March). Sales in the period edged up by 0.3% to $131.9m.
Meanwhile, for the first nine months of National beverage's fiscal year so far, profits increased by 26% to $29.7m, while sales rose by 0.9% to $448m.
"We are quite pleased to continue our earnings growth plan, despite the lacklustre recovery of the US economy and abnormally unseasonable consumption of CSDs on the west coast,” said National Beverage's chairman and CEO, Nick Caporella.
Click here to view the full earnings release.
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