<SEC-DOCUMENT>0001437749-23-032639.txt : 20240104
<SEC-HEADER>0001437749-23-032639.hdr.sgml : 20240104
<ACCEPTANCE-DATETIME>20231120165552
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001437749-23-032639
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20231120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATIONAL BEVERAGE CORP
		CENTRAL INDEX KEY:			0000069891
		STANDARD INDUSTRIAL CLASSIFICATION:	BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				592605822
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0427

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		8100 SW 10TH STREET
		STREET 2:		SUITE 4000
		CITY:			FT. LAUDERDALE
		STATE:			FL
		ZIP:			33324
		BUSINESS PHONE:		9545810922

	MAIL ADDRESS:	
		STREET 1:		8100 SW 10TH STREET
		STREET 2:		SUITE 4000
		CITY:			FT. LAUDERDALE
		STATE:			FL
		ZIP:			33324
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">November 20, 2023</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">United States Securities and Exchange Commission</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Division of Corporation Finance</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Office of Energy &amp; Transportation</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">100 F. Street, N.E.</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Washington, D.C. 20549</p>

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			<td style="width: 2%;"><b>Re:</b></td>
			<td style="width: 95%;"><b>National Beverage Corp.</b></td>
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			<td colspan="2" rowspan="1" style="width: 3%;">&nbsp;</td>
			<td style="width: 2%;">&nbsp;</td>
			<td style="width: 95%;"><b>Form 10-K for the Fiscal Year Ended April 29, 2023</b></td>
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			<td colspan="2" rowspan="1" style="width: 3%;">&nbsp;</td>
			<td style="width: 2%;">&nbsp;</td>
			<td style="width: 95%;"><b>Filed June 28, 2023</b></td>
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			<td colspan="2" rowspan="1" style="width: 3%;">&nbsp;</td>
			<td style="width: 2%;">&nbsp;</td>
			<td style="width: 95%;"><b>File No. 001-14170</b></td>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Dear Mr. Purcell and Ms. Dorin:</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">This letter is being provided on behalf of National Beverage Corp. (the &#8220;Company&#8221; or &#8220;we&#8221;) in response to comments received from the staff of the Division of Corporation Finance (the &#8220;Staff&#8221;) of the U.S. Securities and Exchange Commission (the &#8220;Commission&#8221;) by letter dated November 9, 2023 regarding the Company&#8217;s Annual Report on Form 10-K for the fiscal year ended April 29, 2023 (the &#8220;2023 Form 10-K&#8221;).</p>

<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">The text of the Staff&#8217;s comments is included in bold and italics for your convenience. The Company&#8217;s response is set forth immediately below each comment.</p>

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<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"><b><i><u>10-K for the Fiscal Year Ended April 29, 2023</u></i></b></p>

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<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"><b><i><u>General</u></i></b></p>

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			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b><i>1.</i></b></p>
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			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"><i><b>We note your response to prior comment 1 that certain retailer customers have indicated that they have established goals for minimizing their greenhouse gas emissions impacts in their supply chain. You also disclose that your engineering staff's current estimates indicate that achievement of those customers' specific goals will not require a material increase in future capital expenditures or operating costs. Please provide support for your determination as to materiality.</b></i></p>
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<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><u>Response</u>:</p>

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<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">As set forth in our November 3, 2023 letter, certain retail customers have established goals for minimizing their greenhouse gas emissions in their supply chains. Our response to these retail customers and our evaluation indicates achievement of these customer specific goals can be met primarily through the replacement of LP gas-powered forklifts with phased purchases of electric forklifts as well as the purchase of electricity from renewable energy sources through Renewable Energy Credits. Based on the current price difference between gas-powered and electric forklift models and the current cost of Renewable Energy Credits, our engineering staff estimates that our capital spending will increase approximately 1.5% (one and five-tenths percent) annually over recent levels and that cost of sales will increase approximately .1% (one-tenth of one percent). Accordingly, we do not believe these expenditures are material.</p>

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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">The Company will continue to monitor and evaluate whether achievement of those customers&#8217; specific goals in the future will require a material increase in capital expenditures or operating costs, and will provide disclosures in our future filings, as appropriate.</p>

<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">We appreciate the Staff&#8217;s time and attention to these matters and hope that the foregoing is responsive to the Staff&#8217;s comments. Should you have further questions or comments, please feel free to contact the undersigned at (954) 581-0922.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Sincerely,</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">/s/ George R. Bracken</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">George R. Bracken</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Executive Vice President</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">National Beverage Corp.</p>

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