Earnings release
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National Beverage NEWS NASDAQ : FIZZ For Immediate Release Contact : Office of the Chairman , Grace Keene NATIONAL BEVERAGE CORP . REPORTS RECORD SECOND QUARTER REVENUES - REFLECTS UPON DYNAMIC PERFORMANCE FORT LAUDERDALE , FL , December 9 , 2021 . . . National Beverage Corp. ( NASDAQ : FIZZ ) today announced results for its second quarter ended October 30 , 2021 : ● Net sales were $ 283.2 million , a second quarter sales record ; Gross profit was $ 101.5 million ; • Earnings per share was $ .42 ; and Cash was $ 273 million , up 41 % . “ Our results for the quarter are a dynamic reflection of the current business conditions in America and around the planet , ” stated a company spokesperson . " While net sales for the quarter increased 13 % from the pre - pandemic levels of the second quarter of FY20 , the dynamics of how we monitor and measure internal performance reveal metrics that reflect the reality of our results . The current , well publicized conditions , while impacting all consumer products companies , prevented us from meeting consumer demand and resulted in creating record backlogs at the end of the quarter . ” " Beverage companies utilize several methods to get their products to consumers . National is a genuine partner to major retailers in that we utilize assets that are owned by both our company and the retailer to effectively lower the cost to the consumer . Conditions have temporarily reduced the importance of gross profit as a significant business metric making sales backlogs ( currently ) an important indicator of consumer demand . " National Beverage -more 8100 SW Tenth Street Suite 4000 Fort Lauderdale , Florida 33324 Phone : 877 - NBC - FIZZ www.nationalbeverage.com