FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--National Beverage Corp. (NASDAQ: FIZZ) today announced results for its third quarter ended January 27, 2024. Compared to the prior year: Net sales increased to a record $270 million; Gross profit grew to an all-time high of $97 million and gross profit margin increased to 36% of sales; Operating income rose to $48 million, a record and a 120 bps margin improvement; Earnings per share increased 14% to $.42; and Cash grew to $277 million. “ We are pleased to ...

[Financial Highlights](index=1&type=section&id=Financial%20Highlights) National Beverage Corp. achieved record Q3 2024 financial results, including record net sales, operating income, and gross profit, with 14% EPS growth and a strengthened cash position - The company achieved its **eleventh consecutive quarter of record sales**, with strong double-digit earnings growth and expanded operating margins[10](index=10&type=chunk) Q3 2024 Key Financial Metrics | Metric | Value | Note | | :--- | :--- | :--- | | Net Sales | $270 million | Record | | Operating Income | $48 million | Record, 120 bps margin improvement | | Gross Profit | $97 million | All-time high | | Gross Profit Margin | 36% of sales | - | | Earnings Per Share (EPS) | $0.42 | +14% YoY | | Cash | $277 million | - | [Management Commentary and Corporate Strategy](index=1&type=section&id=Management%20Commentary%20and%20Corporate%20Strategy) Management attributes strong performance to innovation and health focus, launching new products, earning brand trust, and maintaining a conservative, sustainable financial strategy - The newest LaCroix flavor, Mojito, has achieved national availability[3](index=3&type=chunk) - LaCroix was again recognized by Newsweek as one of The Most Trusted Brands in America based on a U.S. shopper survey[3](index=3&type=chunk) - The company's strategy emphasizes health-focused products, avoiding caffeine or alcohol, and maintains financial health by eschewing long-term debt and manipulative stock buybacks[4](index=4&type=chunk) - Beverages are primarily packaged in cans, recognized as the preeminent choice for recyclability and sustainability[4](index=4&type=chunk) [Consolidated Financial Results](index=3&type=section&id=Consolidated%20Financial%20Results) National Beverage Corp. reported Q3 FY2024 net sales of **$270.1 million**, a **15.2%** increase in net income to **$39.6 million**, and **$0.42** diluted EPS, with trailing twelve-month net sales of approximately **$1.18 billion** Consolidated Results for the Three Months Ended (in thousands, except per share) | Metric | Q3 FY2024 (Jan 27, 2024) | Q3 FY2023 (Jan 28, 2023) | YoY Change | | :--- | :--- | :--- | :--- | | Net Sales | $270,065 | $268,483 | +0.6% | | Net Income | $39,592 | $34,361 | +15.2% | | Diluted EPS | $0.42 | $0.37 | +13.5% | | Diluted Avg. Shares | 93,640 | 93,611 | +0.03% | Consolidated Results for the Trailing Twelve Months Ended Jan 27, 2024 (in thousands, except per share) | Metric | Value | | :--- | :--- | | Net Sales | $1,181,078 | | Net Income | $169,314 | | Diluted EPS | $1.81 |

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended January 27, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 1-14170 Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑ The number of shares of r ...

Other income – net includes interest income of $4.0 million for the first six months of fiscal 2024 and $0.2 million for the first six months of fiscal 2023. The increase in interest income is due to increased average invested balances and higher yields. Net cash provided by operating activities for the first six months of fiscal 2024 was $102.1 million compared to $82.2 million for the six months of fiscal 2023. For the first six months of fiscal 2024, cash flow provided by operating activities was princip ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended July 29, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 1-14170 NATIONAL BEVERAGE CORP. (Exact name of registrant as specified in its charter) Delaware 59-2605822 (State of incorporation) (I.R.S. Employer Identificat ...

PART II ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 13 ITEM 6. Reserved 15 ITEM 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 15 ITEM 7A. Quantitative and Qualitative Disclosure About Market Risk 21 ITEM 8. Financial Statements and Supplementary Data 22 ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 41 ITEM 9A. Controls and Procedures 41 ITEM 9B. O ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended January 28, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-14170 NATIONAL BEVERAGE CORP. (Exact name of registrant as specified in its charter) Delaware 59-2605822 (State of incorporation) (I.R.S. Employer Identifi ...