National Beverage (FIZZ) - 2024 Q3 - Quarterly Results

Financial Highlights National Beverage Corp. achieved record Q3 2024 financial results, including record net sales, operating income, and gross profit, with 14% EPS growth and a strengthened cash position - The company achieved its eleventh consecutive quarter of record sales, with strong double-digit earnings growth and expanded operating margins[10] Q3 2024 Key Financial Metrics | Metric | Value | Note | | :--- | :--- | :--- | | Net Sales | $270 million | Record | | Operating Income | $48 million | Record, 120 bps margin improvement | | Gross Profit | $97 million | All-time high | | Gross Profit Margin | 36% of sales | - | | Earnings Per Share (EPS) | $0.42 | +14% YoY | | Cash | $277 million | - | Management Commentary and Corporate Strategy Management attributes strong performance to innovation and health focus, launching new products, earning brand trust, and maintaining a conservative, sustainable financial strategy - The newest LaCroix flavor, Mojito, has achieved national availability[3] - LaCroix was again recognized by Newsweek as one of The Most Trusted Brands in America based on a U.S. shopper survey[3] - The company's strategy emphasizes health-focused products, avoiding caffeine or alcohol, and maintains financial health by eschewing long-term debt and manipulative stock buybacks[4] - Beverages are primarily packaged in cans, recognized as the preeminent choice for recyclability and sustainability[4] Consolidated Financial Results National Beverage Corp. reported Q3 FY2024 net sales of $270.1 million, a 15.2% increase in net income to $39.6 million, and $0.42 diluted EPS, with trailing twelve-month net sales of approximately $1.18 billion Consolidated Results for the Three Months Ended (in thousands, except per share) | Metric | Q3 FY2024 (Jan 27, 2024) | Q3 FY2023 (Jan 28, 2023) | YoY Change | | :--- | :--- | :--- | :--- | | Net Sales | $270,065 | $268,483 | +0.6% | | Net Income | $39,592 | $34,361 | +15.2% | | Diluted EPS | $0.42 | $0.37 | +13.5% | | Diluted Avg. Shares | 93,640 | 93,611 | +0.03% | Consolidated Results for the Trailing Twelve Months Ended Jan 27, 2024 (in thousands, except per share) | Metric | Value | | :--- | :--- | | Net Sales | $1,181,078 | | Net Income | $169,314 | | Diluted EPS | $1.81 |