National Beverage (FIZZ) - 2026 Q1 - Quarterly Results

First Quarter 2025 Earnings Announcement Introduction and Overview National Beverage Corp. announced solid first-quarter results for August 2, 2025, driven by strong brands and price/mix improvements - National Beverage Corp. announced first-quarter results for August 2, 2025, on September 11, 2025[3] - The company reported solid operating performance in a challenging global environment, attributing success to strong brands and management strategy[4] - Net sales increased due to price/mix improvements, partially offset by a slight decline in case volume[4] - Interest income decreased by $2.1 million due to lower cash balances after a $304 million dividend payment in July 2024[4] - LaCroix, the most significant brand, achieved organic sales growth in the club channel, with new flavors showing impressive initial sales[4] Key Financial Highlights National Beverage Corp. achieved record net sales of $331 million, gross profit of $125 million, and operating income of $71 million for the quarter First Quarter Financial Highlights | Metric | Amount (Millions USD) | | :----- | :-------------------- | | Net Sales | $331 | | Gross Profit | $125 | | Operating Income | $71 | | Earnings Per Share | $0.60 | | Operating Cash Flow | $59 | | Total Cash | $250 | Management Commentary and Strategic Outlook Operational Performance and Brand Strength The company emphasizes its commitment to innovation and brand integrity, with new product launches and a focus on developing new flavors - Innovation and brand trust are core to the company's strategy, with new product launches shaping the marketplace[6] - The company remains focused on developing new flavors and products that delight consumers, while safeguarding shareholder investments[6] Innovation, Shareholder Value, and Future Confidence National Beverage Corp. reaffirms its commitment to shareholders, returning over $1.5 billion in dividends and growing revenue by 135% over two decades - The company has returned more than $1.5 billion in dividends to shareholders over the past two decades[6] - Total revenue has grown by 135% over the past two decades[6] - Despite global economic uncertainties, the company is confident its innovation and disciplined management will deliver strong results and long-term value[6] - The company will soon commemorate its 40th year as National Beverage Corp[6] Consolidated Financial Results Condensed Consolidated Statements of Operations For the three fiscal months ended August 2, 2025, net sales slightly increased to $330.5 million, while net income decreased to $55.8 million Consolidated Results for Three Fiscal Months Ended | Metric (in thousands, except per share amounts) | August 2, 2025 | July 27, 2024 | Change (YoY) | | :-------------------------------------------- | :------------- | :------------ | :----------- | | Net Sales | $330,515 | $329,473 | +$1,042 | | Net Income | $55,760 | $56,780 | -$1,020 | | Earnings Per Common Share - Basic | $0.60 | $0.61 | -$0.01 | | Earnings Per Common Share - Diluted | $0.60 | $0.61 | -$0.01 | | Average Common Shares Outstanding - Basic | 93,620 | 93,569 | +51 | | Average Common Shares Outstanding - Diluted | 93,699 | 93,667 | +32 | Forward-Looking Statements Disclaimer This section provides a standard disclaimer for forward-looking statements, noting inherent risks and uncertainties detailed in SEC filings - The press release includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995[9] - Forward-looking statements involve risks, uncertainties, and factors described in SEC filings, which may cause actual results to differ[9] - The Company disclaims any obligation to update or announce revisions to any forward-looking statements[9]