National Beverage Corp. (FIZZ) reports earnings

The report was filed on March 6, 2025

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National Beverage Corp. (FIZZ+1.91%) has submitted its 10-Q filing for the quarterly period ended January 25, 2025.

The filing includes financial statements for the quarter, showing a decrease in net sales to $267.1 million from $270.1 million in the same quarter the previous year. This decrease is attributed to a reduction in case volume, partially offset by an increase in average selling price per case.

Gross profit for the quarter increased to $99.0 million from $97.0 million in the previous year, driven by higher average selling prices and lower packaging costs. The gross margin rose to 37.1% from 35.9%.

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Selling, general, and administrative expenses decreased slightly to $48.4 million from $48.9 million, primarily due to reduced marketing and selling costs. The expenses remained constant at 18.1% of net sales.

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Net income for the quarter was $39.6 million, compared to $39.6 million in the previous year. The effective income tax rate was 23.7%, up from 21.0% in the previous year.

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For the first nine months of fiscal 2025, net sales decreased to $887.7 million from $894.4 million in the previous year, with a decline in case volume offset by higher selling prices.

Gross profit for the nine-month period increased to $330.7 million from $319.4 million, with a gross margin of 37.3% compared to 35.7% in the previous year.

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Selling, general, and administrative expenses for the nine-month period decreased to $152.8 million from $153.8 million, with a constant percentage of net sales at 17.2%.

Net cash provided by operating activities for the first nine months was $146.6 million, compared to $137.5 million in the previous year. The decrease in cash position was primarily due to a special cash dividend of $304.1 million.

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The company's working capital decreased to $233.0 million from $398.9 million, with a current ratio of 2.9 to 1, down from 3.9 to 1. This was primarily due to the special dividend payment.

National Beverage Corp. maintains unsecured credit facilities totaling $150 million, with no borrowings outstanding. The company believes its existing capital resources will be sufficient to meet liquidity and capital requirements for the next twelve months.

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This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the National Beverage Corp. quarterly 10-Q report dated March 6, 2025. To report an error, please email earnings@qz.com.