National Beverage Corp. Reports Record Revenues and Double-Digit Earnings Growth

About this update from National Beverage Corp.

[{"type":"text","content":" FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--\nNational Beverage Corp. (NASDAQ: FIZZ) today announced results for its second quarter and six months ended October 28, 2023. Compared to the prior year:\n\n\nSecond Quarter:\n\n\n\nNet sales increased to a record $300 million,\n\n\n\nGross margin improved 250 bps to 36% of net sales; and\n\n\n\nEarnings per share increased 21% to $.47.\n\n\n\nSix Months:\n\n\n\nNet sales increased to a first-half record of $624 million,\n\n\n\nOperating income grew 26% to $117 million,\n\n\n\nNet income increased $22 million to $93 million, or $1.00 per share; and\n\n\n\nCash increased $90 million to $248 million.\n\n\n\n“We are pleased to report our tenth consecutive quarter of record sales and another quarter of strong earnings growth and improved operating margins. This performance is attributable to selective selling price adjustments, more stable raw material costs and a continuing focus on operational efficiency, which more than offset the effects of a modest volume decline and increased marketing investments,” stated a company spokesperson.\n\n\n“Our focus remains on brand growth, innovative flavors, Zero Sugar introductions and unique new LaCroix flavors. This includes expanding our merchandising teams (MerchMx) to new cities as well as adding additional in-store sampling ambassadors (BrandEd). These in-store teams complement our marketing plan which utilizes social media, consumer events, influencers, team sports sponsorships, digital marketing and podcast funding to enhance brand awareness. While we are monitoring the changes in consumer shopping habits and purchasing power that are affecting all consumer products, we are optimistic that our expanded consumer outreach will have a positive impact on our market share.”\n\n\n“We continue to innovate in all aspects of our business as we strive to provide retailers and consumers with the most distinctive flavors and packaging in the industry. Two of our LaCroix distinctive variety packs, as well as Zero Sugar Shasta and the three newest flavors of Rip It, were recently honored as recipients of the International Davey Awards for creativity.”\n\n\n“At this most special time of year, we wish to express our gratitude for our loyal consumers, retail partners, shareholders, and all of Team National. May this holiday season bring all the most special bles...

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