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NATIONAL BEVERAGE ANNOUNCES INVESTMENT ADJUSTMENT

 FORT LAUDERDALE, Fla., Aug. 17 /PRNewswire/ -- National Beverage Corp. (NASDAQ: POPS) today announced that it recorded aggregate non-cash charges of $14.0 million with respect to an investment in an affiliate for the year ended May 1, 1993. As previously announced, the company reported record operating income of $21.6 million, representing an 8 percent increase over the prior year's operating income of $20 million. Income before adjustments relating to its investment in affiliate was $8.1 million compared to $6.8 million for the prior year. The result of the non-cash charges caused the company to report a net loss of $5.97 million for fiscal year ended May 1, 1993 as compared to net income of $5.63 million for the prior year.
 A company spokesperson stated, "Although management believes that the value of its investment is in excess of its current carrying value, the company was required in accordance with generally accepted accounting principles to record a loss of $10.2 million as a result of the write-down of its investment to market value and an additional loss of $3.8 million to record its equity in loss of affiliate."
 National Beverage serves as a holding company for various operating subsidiaries that manufacture, market and distribute its full line of cola and multi-flavored branded soft drinks and bottled water: Shasta(R), Faygo(R), Body Works(R), a Sante(R), Spree(R) and 8 oz. Kid Cans(TM). The company's subsidiaries, through their 12 strategically located manufacturing facilities, also bottle soft drinks for retail grocery chains, wholesalers and other soft drink companies.
 NATIONAL BEVERAGE CORP.
 Consolidated Results for the Fiscal Years Ended
 May 1, 1993 and May 2, 1992
 (In Thousands, Except Per Share Amounts)
 1993 1992
 Sales - Net $332,579 $340,768
 Operating Income $ 21,607 $ 20,046
 Income Before Loss
 Related to Affiliate $ 8,090 $ 6,758
 Loss Related to Affiliate:
 Write down of
 Investment (10,216) ---
 Equity in Loss ( 3,842) (1,133)
 Net Income (Loss) $( 5,968) $(5,625)
 Average Shares
 Outstanding 2,321 2,321
 Earnings (Loss) Per
 Common Share $(2.89) $2.10
 -0- 8/17/93
 /CONTACT: Diane Allen of National Beverage Corp., 305-581-0922/
 (POPS)


CO: National Beverage Corp. ST: Florida IN: FOD SU: ERN

RC-SS -- FL004 -- 3507 08/17/93 11:35 EDT
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Publication:PR Newswire
Date:Aug 17, 1993
Words:383
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