National Beverage (FIZZ) - 2025 Q3 - Quarterly Results

Executive Summary & Highlights National Beverage Corp. reports challenging Q3 performance due to weather and fires, while trailing twelve-month results show growth in sales and profit Company Announcement & Q3 Overview Q3 performance was challenging due to unpredictable winter weather and Southern California fires, negatively impacting sales volumes in key markets - Q3 performance was challenging due to unpredictable winter weather and Southern California fires, which adversely impacted volumes in key markets[2] Key Financial Highlights Q3 net sales reached $267 million with a 5% operating profit increase, while trailing twelve-month net sales grew to $1.2 billion with a 10% net income rise Key Financial Highlights (Q3 & Trailing Twelve Months) | Metric | Three Months Ended Jan 25, 2025 | Trailing Twelve Months Ended Jan 25, 2025 | | :----------------- | :------------------------------ | :---------------------------------------- | | Net Sales | $267 million | $1.2 billion | | Operating Profit | $51 million (up 5%) | $231 million (up 8%) | | Net Income | N/A | $186 million (up 10%) | | Earnings Per Share | $0.42 | $1.99 (up $0.18) | | Cash | $149 million | N/A | Operational Review & Strategic Initiatives The company strengthens brand awareness through marketing and sponsorships, while LaCroix innovates the sparkling water category with a new "creativity" Marketing & Brand Strategy Marketing efforts focus on in-store displays, consumer engagements, social media, and sports sponsorships to enhance brand awareness and health alignment - Marketing strategy reinforces brand awareness through in-store displays, consumer 'experiential' engagements, social media, and sponsorships of women's soccer and youth sports[4] - The company aligns with the media's focus on improving health by promoting its products as 'delicious and innocent refreshment'[4] Product Innovation LaCroix is developing and testing a new "creativity" for sparkling water, showing promising results at Natural Products Expo West - LaCroix is testing a new 'creativity' at Natural Products Expo West to innovate the sparkling water category[4] - The new concept is currently exceeding expectations and is considered a potential 'game changer'[4] Consolidated Financial Results This section details the company's financial performance for the three months and trailing twelve months ended January 25, 2025 Three Months Ended January 25, 2025 Net sales slightly decreased to $267.05 million, while net income and EPS remained stable for the three months ended January 25, 2025 Consolidated Results for Three Months Ended | Metric | Jan. 25, 2025 (in thousands) | Jan. 27, 2024 (in thousands) | Change (YoY) | | :--------------------------- | :--------------------------- | :--------------------------- | :----------- | | Net Sales | $267,050 | $270,065 | -$3,015 (-1.1%) | | Net Income | $39,643 | $39,592 | +$51 (+0.1%) | | Basic EPS | $0.42 | $0.42 | $0.00 (0%) | | Diluted EPS | $0.42 | $0.42 | $0.00 (0%) | | Average Basic Shares Outstanding | 93,617 | 93,454 | +163 | | Average Diluted Shares Outstanding | 93,691 | 93,640 | +51 | Trailing Twelve Months Ended January 25, 2025 Net sales increased to $1.185 billion, with net income rising 9.7% and EPS increasing to $1.99 for the trailing twelve months Consolidated Results for Trailing Twelve Months Ended | Metric | Jan. 25, 2025 (in thousands) | Jan. 27, 2024 (in thousands) | Change (YoY) | | :--------------------------- | :--------------------------- | :--------------------------- | :----------- | | Net Sales | $1,185,040 | $1,181,078 | +$3,962 (+0.3%) | | Net Income | $185,781 | $169,314 | +$16,467 (+9.7%) | | Basic EPS | $1.99 | $1.81 | +$0.18 (+9.9%) | | Diluted EPS | $1.98 | $1.81 | +$0.17 (+9.4%) | | Average Basic Shares Outstanding | 93,590 | 93,380 | +210 | | Average Diluted Shares Outstanding | 93,680 | 93,618 | +62 | Forward-Looking Statements Disclaimer This disclaimer addresses forward-looking statements, highlighting inherent risks and uncertainties, and disclaims any obligation for future updates - The press release contains forward-looking statements, subject to risks and uncertainties described in SEC filings[7] - The Company disclaims any obligation to update or revise forward-looking statements[7]