FIZZNational Beverage Corp.

$3B

FY 2011 Earnings

Consumer Defensive Beverages - Non-Alcoholic

Income Statement

Revenue

$600M+1.1% YoY

Gross Profit

$219M36.4% margin

Operating Income

$63M10.5% margin

Net Income

$41M6.8% margin

EPS (Diluted)

$0.44

Cash Flow

Operating Cash Flow

$55M

Free Cash Flow

$44M

Stock-Based Comp.

$446,000

Balance Sheet

Total Assets

$183M

Total Liabilities

$102M

Stockholders' Equity

$80M

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$600M	$593M	+1.1%
Gross Profit	$219M	$197M	+11.0%
Operating Income	$63M	$52M	+21.0%
Net Income	$41M	$33M	+24.0%

FIZZ FY 2011 Earnings — National Beverage Corp. Revenue & Financial Results | Market Cap Arena