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Re: None

Friday, 03/10/2017 9:39:56 AM

Friday, March 10, 2017 9:39:56 AM

Post# of 94
Credit Swiss raised their PT to $75.

Rolling again today.

Question now is can La Croix become a $1B product? How quickly?

Runway For Growth

“LaCroix currently has around 65 percent ACV with a muted presence in c-stores. In our view, this channel is one of the more difficult to penetrate and supply given its highly fragmented nature,” Grandet stated.

The analyst believes that there could be meaningful upside if National Beverage partnered with a distributor to expand LaCroix, particularly in c-stores.

“The additional margin provided by the c-store channel would compensate in our view for the additional cost a third party would likely charge for the service,” Grandet explained.

The EPS estimates for FY 2017, 2018 and 2019 have been raised.

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