Welcome to our dedicated page for National Beverage news (Ticker: FIZZ), a resource for investors and traders seeking the latest updates and insights on National Beverage stock.
National Beverage Corp. (FIZZ) is a leading American beverage developer, manufacturer, and distributor headquartered in Fort Lauderdale, Florida. The company specializes in producing a wide range of flavored soft drinks and is especially known for its popular brands like La Croix, Shasta, and Faygo. National Beverage Corp.'s portfolio includes functional beverages that offer health benefits, such as the renowned LaCroix sparkling water, Rip It energy drinks, and Everfresh juices.
Founded to provide unique, high-quality beverages, National Beverage Corp. maintains control over the majority of its production and distribution processes, working with minimal outsourcing to ensure quality and efficiency. The company employs a strategic go-to-market approach, using warehouse distribution for big-box retailers, direct-store delivery for convenience stores and smaller outlets, and food-service distributors to supply schools, hospitals, and restaurants.
Under the leadership of Chairman and CEO Nick Caporella, who owns over 73% of the common stock, National Beverage Corp. has seen substantial growth and continues to innovate within the non-alcoholic beverage sector. The firm is noted for its commitment to producing beverages that align with consumer trends toward healthier, more functional drinks.
Recently, National Beverage Corp. has made headlines for its financial performance and ongoing projects, as well as its strategic partnerships aimed at expanding its market reach. The company remains a significant player in the industry, known for its robust product lineup and strong market presence.
National Beverage Corp. (NASDAQ: FIZZ) marks its 31st year partnership with St. Jude Children's Research Hospital®. The company encourages donations to support St. Jude's mission in treating childhood cancer and other life-threatening diseases. CEO Nick A. Caporella highlighted that St. Jude treats over 100 diseases and has helped increase overall childhood cancer survival rates from 20% to more than 80% over the past 60 years. The hospital maintains a policy where families never receive bills for treatment, travel, housing, or food.
National Beverage Corp. (NASDAQ: FIZZ) has announced a multi-year partnership with the WNBA's Indiana Fever team. The partnership makes LaCroix the exclusive Sparkling Water of the Indiana Fever and Gainbridge Fieldhouse, featuring prominent branding on team warm-up gear and LED signage during home games. The deal includes game-night sampling activations and naming LaCroix as presenting sponsor of the Indiana Fever Kid's Club.
The partnership aligns with LaCroix's focus on health and nutrition, while leveraging the Fever's record-breaking 2024 WNBA season performance in viewership, attendance, and social media engagement. This collaboration aims to promote healthy lifestyles and support women's sports development.
National Beverage Corp. (NASDAQ: FIZZ) reported Q2 and six-month results ending October 26, 2024. Q2 highlights include: net sales of $291M, improved gross margin at 38%, 7% operating income growth to $58M, and EPS increase to $0.49 from $0.47. Six-month performance showed net sales of $621M, operating income growth of $10M to $127M, and 10% increase in net income to $102M ($1.09 per share).
Q2 net sales declined 3% due to volume shortfalls in August and September, affected by consumer shopping habits changes and reduced purchasing power. The company faced supply-chain disruptions from severe storms in the Southeastern US. Despite challenges, operating margins improved for the 8th consecutive quarter, with operating profit per case up 12%. The company launched LaCroix Strawberry Peach flavor with plans for nationwide availability by year-end.
National Beverage Corp. (NASDAQ: FIZZ) reported outstanding first quarter results for the period ended July 27, 2024. Highlights include:
- Record net sales of $329 million
- 10% increase in operating profit to $70 million
- 14% increase in net income to a record $57 million
- Earnings per share rose from $0.53 to $0.61
The company launched a new Strawberry Peach flavor, which has received strong consumer response. Despite a $304 million dividend payment, cash reserves exceeded $77 million. The company emphasized its focus on innovative products and package designs to meet consumer expectations and generate strong cash flows.
National Beverage Corp. (NASDAQ: FIZZ) has announced a multi-year partnership between its LaCroix Sparkling Water brand and the Kansas City Current, a women's professional soccer team. As the exclusive sparkling water partner, LaCroix will be sold at CPKC Stadium, the world's first purpose-built stadium for women's professional sports. The partnership includes:
1. LaCroix's logo featured above the nameplate on KC Current's kits
2. Community activations, including sponsorship of the Current's Junior Reporter Series
3. Focus on promoting health, wellness, and youth organizations
This collaboration aligns with LaCroix's commitment to supporting women's sports and educating youth about healthy lifestyles. The partnership also strengthens LaCroix's presence in the Kansas City area, where many of its employees reside.
National Beverage Corp. (NASDAQ: FIZZ) has unveiled LaCroix Strawberry Peach, its latest flavor innovation in the sparkling water category. This new blend combines the sweet taste of strawberries with the juicy flavor of peaches, aiming to deliver a fresh and fragrant experience to consumers. The company describes it as 'Delightful Sips of Bliss', emphasizing the unique combination of flavors.
LaCroix Strawberry Peach will initially launch at select retailers before expanding to nationwide availability. The company's spokesperson highlighted their commitment to delighting loyal consumers with unique tastes and eye-catching packaging, focusing on joy and good health through flavor innovation.
National Beverage Corp. (NASDAQ: FIZZ) reported record results for Q4 and the fiscal year ending April 27, 2024. Q4 net sales rose by $11 million to $297 million, with gross margins increasing by 100 bps to 36.7% of sales. Net income for Q4 surged by 20% to $44 million, or $0.47 per share. For the fiscal year, net sales climbed by $19 million to $1.2 billion, and operating profits grew by 240 bps to $218 million. Net income increased by 24% to $177 million, or $1.89 per share, and cash reserves rose by $169 million to $327 million. The company credited its LaCroix and Rip It brands for a 5% increase in overall case volume, bolstered by innovative new products such as Mojito LaCroix and Shasta Zero Sugar.
The spokesperson emphasized the importance of innovation and creative packaging in driving growth. The company also highlighted a strategic focus on shareholder value, culminating in a recently announced dividend.
National Beverage Corp. (NASDAQ: FIZZ) has announced that its LaCroix brand is now the official sparkling water of Inter Miami CF, a prominent MLS team. This partnership aims to foster community engagement and promote healthy lifestyles in South Florida. The agreement extends to Inter Miami CF's youth soccer program, encouraging sports participation. The collaboration will also enhance fan experiences during matches with refreshing LaCroix beverages and special promotional activities with local retailers.
LaCroix Sparkling Water, a brand of National Beverage Corp. (NASDAQ: FIZZ), has announced a new multi-year partnership with San Diego Wave FC. This collaboration aims to promote women's sports and community engagement. As part of this partnership, LaCroix will sponsor the Wave's annual youth tournament and feature its logo on player training kits. The partnership will also include significant broadcast marketing to boost visibility for both LaCroix and San Diego Wave FC. LaCroix emphasizes the importance of sports in uniting communities and inspiring positive change.
National Beverage Corp. (NASDAQ: FIZZ) has declared a special cash dividend of $3.25 per share, payable to shareholders of record on June 24, 2024. This marks their twelfth special dividend in 20 years, summing up to $16.53 per share, or over $1.5 billion. The ex-dividend date is June 24, 2024, and payment will be made by July 24, 2024. The company has reported eleven consecutive quarters of record sales, increasing gross profits, and operating income. Fiscal year results ending April 27, 2024, will be announced by June 26, 2024. LaCroix, a brand under National Beverage, continues to be a market leader with its innovative flavors and trusted brand reputation.
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