National Beverage (US:FIZZ)2025-12-11 21:36Financial Performance - Net sales for the second quarter of fiscal 2026 decreased 1.0% to $288.3 million from $291.2 million for the second quarter of fiscal 2025, primarily due to a 6.0% decrease in case volume[49] - Net sales for the first six months of fiscal 2026 decreased $1.8 million to $618.8 million, driven by a 4.9% decrease in case volume[54] - Gross profit for the second quarter of fiscal 2026 was $109.2 million, with a gross margin increase to 37.9% from 37.6%, attributed to a rise in average selling price per case[50] - Gross profit for the first six months of fiscal 2026 increased to $234.6 million, with gross margin rising to 37.9% from 37.3%[55] Expenses - Selling, general and administrative expenses for the second quarter of fiscal 2026 decreased to $51.2 million, remaining constant at 17.7% of net sales[51] - The average cost of sales per case increased by 4.7% for the second quarter of fiscal 2026[50] Cash Flow and Working Capital - Cash position increased by $75.5 million for the first six months of fiscal 2026, compared to a decrease of $214.2 million for the same period in fiscal 2025[59] - Net cash provided by operating activities for the first six months of fiscal 2026 was $84.8 million, down from $100.1 million in the prior year[61] - Working capital increased to $376.7 million from $266.4 million at May 3, 2025, with a current ratio of 4.3 to 1[64] Taxation - The effective income tax rate for the second quarter of fiscal 2026 was 23.6%, slightly up from 23.4% in the prior year[53]