Shares of National Beverage Corp., the maker of sparkling water La Croix, surged almost 5% in early trading on Thursday after reporting blowout earnings.
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The maker of La Croix is on pace for a 'record-setting year' after a blowout quarter (FIZZ)
The company reported earnings of $0.52 per share for the third quarter of fiscal year 2017, an increase of 117% over the same period last year.
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The American beverage company announced earnings for the third quarter of fiscal year 2017, an increase of 117% over the same period last year.
This is the company's best-ever third quarter performance.
Revenues rose 20% versus a year ago to $195 million. On a yearly basis too, earnings per share grew a huge 71%, to $2.05 from $1.20 last year.
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"I am extremely proud that we finished our third quarter with industry-leading performance and that we are on course for having our record-setting year," the company's chief executive officer Nick A. Caporella said.
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