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National Beverage NEWS NASDAQ : FIZZ For Immediate Release Contact : Office of the Chairman , Grace Keene TRAILING TWELVE MONTHS AND THIS EXCEPTIONAL FIRST QUARTER INDICATE CONTINUING MOMENTUM REPORTS NATIONAL BEVERAGE CORP . FORT LAUDERDALE , FL , September 9 , 2021 . . . National Beverage Corp. ( NASDAQ : FIZZ ) today announced results for its first quarter ended July 31 , 2021 . First Quarter Ended July 31 , 2021 vs. First Quarter Ended August 1 , 2020 : Net sales increased to $ 311.7 million ; Gross profit was $ 124.8 million ; o Gross margin was 40 % ; • Operating income was $ 70.3 million or 22.6 % of sales ; and • Earnings per share was $ .58 , up from $ .55 for the prior year . Balance Sheet Data at July 31 , 2021 ● Cash was $ 245.5 million ; • Working capital was $ 269.7 million with a current ratio of 2.8 to 1 . " Considering the headwinds that we faced , our financial results for the first quarter reflect extraordinary execution by Team National . Although labor , raw material and transportation availability issues impacted our ability to meet customer demand , we were able to increase sales over last year's pantry - loading spike while maintaining the margins posted for our previous ' best ever ' quarter , ” stated a company spokesperson . National Beverage -more 8100 SW Tenth Street Suite 4000 Fort Lauderdale , Florida 33324 Phone : 877 - NBC - FIZZ www.nationalbeverage.com