Shares of National Beverage Corp., the maker of sparkling water La Croix, surged almost 5% in early trading on Thursday after reporting blowout earnings.
The American beverage company announced earnings of $US0.52 per share 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 $US195 million. On a yearly basis too, earnings per share grew a huge 71%, to $US2.05 from $US1.20 last year.
“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.