Workflow
National Beverage (FIZZ) - 2024 Q4 - Annual Results

Fourth Quarter Fiscal 2024 Highlights National Beverage Corp. achieved record Q4 net sales, net income, and gross margins, fueled by a 5% increase in LaCroix and Rip It case volume | Metric | Q4 FY 2024 | YoY Change | | :--- | :--- | :--- | | Net Sales | $297 million | +$11 million | | Net Income | $44 million | +20% | | Earnings Per Share | $0.47 | +20.5% | | Gross Margin | 36.7% | +100 bps | - The company achieved a "best ever" fourth quarter, setting records for net sales, operating profit, and net income6 - Overall case volume grew by 5%, driven by strong performance from the LaCroix and Rip It brands6 Full Fiscal Year 2024 Highlights Fiscal year 2024 saw solid growth with $1.2 billion in net sales, a 24% increase in net income, and a $169 million boost in cash | Metric | FY 2024 | YoY Change | | :--- | :--- | :--- | | Net Sales | $1.2 billion | +$19 million | | Net Income | $177 million | +24% | | Earnings Per Share | $1.89 | +24.3% | | Operating Profits | $218 million | +240 bps (margin growth) | | Cash | $327 million | +$169 million | Management Commentary and Strategic Focus Management highlights sustained record revenue and income growth, driven by brand innovation and a strong commitment to shareholder value - Growth is driven by innovative flavors and packaging, with new offerings like LaCroix Mojito, Rip It, and Shasta Zero Sugar receiving enthusiastic consumer and retailer reception7 - Management anticipates future performance will be fueled by a backlog of innovative ideas and profound creativity in packaging and flavor development49 - The company's philosophy and strategy, described as "corporate endorphins," stimulate business with a core commitment to delivering value to shareholders47 Consolidated Financial Results This section details consolidated financial results for Q4 and full fiscal year 2024, covering net sales, net income, EPS, and average shares outstanding | (in thousands, except per share) | Three Months Ended | | Fiscal Years Ended | | | :--- | :--- | :--- | :--- | :--- | | | Apr 27, 2024 | Apr 29, 2023 | Apr 27, 2024 | Apr 29, 2023 | | Net Sales | $297,331 | $286,699 | $1,191,694 | $1,172,932 | | Net Income | $43,532 | $36,303 | $176,732 | $142,164 | | Earnings Per Share - Basic | $0.47 | $0.39 | $1.89 | $1.52 | | Earnings Per Share - Diluted | $0.47 | $0.39 | $1.89 | $1.52 | | Avg. Shares - Basic | 93,429 | 93,353 | 93,429 | 93,347 | | Avg. Shares - Diluted | 93,630 | 93,618 | 93,630 | 93,608 |