US: National Beverage Corp sales, profit rise H1
Revenue at National Beverage Corp crept up by 0.7% in its fiscal first half, the US soft drinks group has announced.
Revenue rose to US$297.3m for the six months ended 1 November, National Beverage Corp said yesterday (11 December). Profit rose by 4% to $14.2m.
Chairman and CEO Nick Caporella said that, given the current economic climate, the firm was "genuinely fortunate to be in the value-recognised flavoured soft drink business".
He said that core brands Shasta and Faygo have performed well during the period.
"We are experiencing increased sales in both new distribution and steadfast retailers alike," he added.
The group warned of mounting costs, however. It said that costs of certain raw materials increased by a total $5m in the second quarter, compared to the same period last year.
Sectors: Soft drinks
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