National Beverage (FIZZ) - 2025 Q4 - Annual Results

Executive Summary & Financial Highlights Fourth Quarter Performance The company reported record net sales, operating profit, and net income for the fourth quarter, driven by volume growth and new product launches Q4 FY2025 Key Financial Metrics | Metric | Q4 FY2025 | Q4 FY2024 | Change (%) | | :----- | :-------- | :-------- | :--------- | | Net Sales | $314 million | $297.315 million | +5.5% | | Operating Income | $57.5 million | N/A | +8.6% | | Net Income | $44.8 million | $43.721 million | +2.4% | | EPS | $0.48 | $0.47 | +2.1% | - LaCroix's recent innovations began shipping in the fourth quarter, providing a growth stimulus in a challenging consumer environment[2] Fiscal Year Performance The full fiscal year demonstrated overall growth with increases in net sales, gross margin, operating income, and earnings per share FY2025 Key Financial Metrics | Metric | FY2025 | FY2024 | Change (%) | | :----- | :----- | :----- | :--------- | | Net Sales | $1.2 billion | $1.191 billion | +0.8% | | Gross Margin | 37.0% of sales | N/A | N/A | | Operating Income | $235 million | N/A | +7.8% | | EPS | $2.00 | $1.89 | +5.8% | Operational & Marketing Initiatives LaCroix Brand Innovations & Marketing The company launched multi-faceted marketing campaigns and strategic partnerships to enhance LaCroix's brand awareness and drive growth - Initiated various LaCroix Summer marketing campaigns, including a multi-city bus tour featuring the captivating graphics of LaCroix Sunshine[4] - Partnered with men's and women's professional soccer teams and WNBA teams, and continued its partnership with the Florida Panthers to enhance brand awareness[4] - Emphasizes creative thinking in marketing, social media, BrandED (in-store tasting experience), and MerchMx (creative, themed displays)[4] - New flavors are meticulously developed, focusing on appealing names and unique taste to ensure strong consumer connection before release[4] Strategic Outlook & Company Philosophy The company expresses confidence for the new fiscal year, citing consumer resilience and a deliberate, long-term operational focus - The company begins its new fiscal year with optimism that its innovative brands are well-positioned to deliver a 'healthy' future to consumers and shareholders[4] - Highlights the resilience of the U.S. consumer and the company's deliberate, long-term operational focus amid current events[4] Consolidated Financial Results Consolidated Statements of Operations The statements detail financial performance for the fourth quarter and full fiscal year, comparing key metrics against the prior year Consolidated Statements of Operations Highlights | Metric (in thousands, except per share) | Q4 FY2025 | Q4 FY2024 | FY2025 | FY2024 | | :------------------------------------ | :-------- | :-------- | :----- | :----- | | Net Sales | $313,629 | $297,315 | $1,201,354 | $1,191,694 | | Net Income | $44,761 | $43,721 | $186,821 | $176,732 | | Earnings Per Common Share - Basic | $0.48 | $0.47 | $2.00 | $1.89 | | Earnings Per Common Share - Diluted | $0.48 | $0.47 | $1.99 | $1.89 | | Average Common Shares Outstanding - Basic | 93,620 | 93,550 | 93,607 | 93,429 | | Average Common Shares Outstanding - Diluted | 93,684 | 93,666 | 93,685 | 93,630 | Forward-Looking Statements & Disclosures Forward-Looking Statements & Fiscal Period Details This section contains standard disclosures on forward-looking statements, associated risks, and clarifies the duration of reported fiscal periods - The press release contains forward-looking statements, which involve risks and uncertainties that may cause actual results to differ[9] - The Company disclaims any obligation to update or announce revisions to any forward-looking statements[9] - The Fourth Quarter and Fiscal Year Ended May 3, 2025, consisted of 14 and 53 weeks, respectively[9]