FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- National Beverage Corp. (FIZ) today released the following excerpts from Mr. Nick Caporellas year-end earnings review at a Team National gathering:

Have you ever observed someone on a busy street trying to parallel park?! While its raining? Today, the license plate on that car would read A M E R I C A ! That scene is a torrid depiction of our country its political leadership its economic torment its shout-over TV news pundits its divisive future maybe, too . . . its once-upon-a-time promised opportunity! I pray not . . .

FY 2012 -	The Company posted the best results since its founding:
	Revenues for the year increased to $629 million
	Net Income increased to $44 million
	Earnings per share increased to $.95
	EBITDA* grew to $77.6 million

Judgment is to parallel parking what discipline is to execution of a plan! While no perfect plan may exist, perfect execution of one always does! Our FY 2012 results demand more appreciation than the numbers may reflect. Circumstances during the year required all the keen judgment Team National miraculously invented! A Jubilant Big Hug to everyone . . .

Consistency begets more consistency demanding profound results as our fears of disappointment . . . drive us to excel. National Beverage has a record of makin it happen and will all-ways strive to do so.

Dividends paid in FY 2010 and FY 2011 accumulated $168.6 million.

National Beverage has heightened the value and performance of its assets! Applying its exemplary judgment, National is able to maximize its return on core assets philosophy, brands, culture/size and balance sheet typically outperforming its peers.

Innovation, no doubt, is our Holy Grail.

As long as NEW VARIETY COLORFUL GREAT TASTING are the choices of beverage consumers, OPPORTUNISTICALLY DYNAMIC . . . will be the Flavor of our future!

Cash Flow* for FY 2012 was $67.7 million.

Shasta brand continues its quest for better taste with lower calories. Shasta Oooh was zero calories, zero carbs and zero caffeine over seven years ago before zero was hip. The LA Galaxy (soccer champs) calls Shasta its very own flavor-ite!

LaCroix, Everfresh and Rip It are innovators dreams and consumers bliss. Each of these brands is in a mode to positively change the future of National Beverage. They each have the power to give the retailer alternate-space revenue-enhancement and, in doing so, create a new, unconventional standard for the industry.

1/15/96 FIZZ Investment of $1,000 grew 1,927%

(dividends of $6.10 reinvested).

If Team National can navigate these turbulent times and stand, flag in hand at days end it exemplifies the American Dream. And if the operator of that Dream Vehicle has more skin in the game than all others my straight advice stay buckled and vigilant, this vehicles Destiny flies the Stars and Stripes . . . God Bless America!

Guarantees? Yes . . . Refreshing All the Way!

National Beverages iconic brands are the genuine essence . . . of America. Our company is highly innovative as a pace-setter in the changing soft-drink industry, featuring refreshment products that are geared toward the lifestyle/health-conscious consumer. Shasta® Faygo® Everfresh® and LaCroix® are aligned with Rip It® energy products to make National Beverage . . . Americas Flavor"Favorite soft-drink company.

Patriotism If Only We Could Bottle It!

Fun, Flavor and Vitality . . . the National Beverage Way

National Beverage Corp.
Consolidated Results for the Fourth Quarter and Fiscal Year Ended
April 28, 2012 and April 30, 2011
(in thousands, except per share amounts)
			Fourth Quarter Ended							Fiscal Year Ended
			April 28,			April 30,				April 28,			April 30,
			2012			2011				2012			2011
Net Sales			$	165,431		$	152,110			$	628,886		$	600,193
Net Income			$	11,531		$	11,087			$	43,993		$	40,754
Net Income Per Share
	Basic		$	.25		$	.24			$	.95		$	.88
	Diluted		$	.25		$	.24			$	.95		$	.88
Average Common Shares
Outstanding
	Basic			46,280			46,229				46,267			46,188
	Diluted			46,470			46,388				46,448			46,373

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include fluctuations in costs, changes in consumer preferences and other items and risk factors described in the Company's Securities and Exchange Commission filings. The Company disclaims an obligation to update any such factors or to publicly announce the results of any revisions to any forward-looking statements contained herein to reflect future events or developments.

Non-GAAP Financial Measures
The Company reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). Management believes, however, that certain non-GAAP financial measures may provide users of this financial information with additional insights into the operating performance of the business and to also serve as a widely accepted measure for comparing operating performance with other companies with different capital structures.

	*Reconciliation of Net Income (GAAP) to EBITDA (Non-GAAP) and Cash Flow (Non-GAAP)
			Fiscal Year Ended
			April 28, 2012
	Net Income (GAAP)		$	43,993
	Depreciation and Amortization			10,651
	Interest Expense - Net			38
	Provision for Income Taxes			22,903
	EBITDA (Non-GAAP)		$	77,585
	EBITDA (above)		$	77,585
	Additions to Property, Plant & Equip.			(9,905	)
	Cash Flow (Non-GAAP)		$	67,680

National Beverage Corp.
Grace Keene, 877-NBC-FIZZ
Office of the Chairman

Source: National Beverage Corp.

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