National Beverage Corp. Reports Continued Earnings Growth
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) ha riportato i risultati del secondo trimestre e dei sei mesi terminati il 26 ottobre 2024. I punti salienti del secondo trimestre includono: vendite nette di 291 milioni di dollari, miglioramento del margine lordo al 38%, crescita dell'utile operativo del 7% a 58 milioni di dollari e un aumento dell'EPS a 0,49 dollari rispetto a 0,47 dollari. Le performance dei sei mesi hanno mostrato vendite nette di 621 milioni di dollari, crescita dell'utile operativo di 10 milioni di dollari a 127 milioni di dollari e un aumento del 10% dell'utile netto a 102 milioni di dollari (1,09 dollari per azione).
Le vendite nette del secondo trimestre sono diminuite del 3% a causa delle carenze di volume nei mesi di agosto e settembre, influenzate dai cambiamenti nelle abitudini di acquisto dei consumatori e dal potere d'acquisto ridotto. La società ha affrontato interruzioni della catena di approvvigionamento a causa di gravi tempeste nel sud-est degli Stati Uniti. Nonostante le sfide, i margini operativi sono migliorati per l'ottavo trimestre consecutivo, con un utile operativo per caso aumentato del 12%. L'azienda ha lanciato il gusto LaCroix Fragola e Pesca con piani per disponibilità nazionale entro la fine dell'anno.
National Beverage Corp. (NASDAQ: FIZZ) reportó los resultados del segundo trimestre y de seis meses que finalizan el 26 de octubre de 2024. Los aspectos destacados del segundo trimestre incluyen: ventas netas de 291 millones de dólares, margen bruto mejorado al 38%, crecimiento del ingreso operativo del 7% a 58 millones de dólares y un incremento en el EPS a 0,49 dólares desde 0,47 dólares. El rendimiento de seis meses mostró ventas netas de 621 millones de dólares, crecimiento del ingreso operativo de 10 millones de dólares a 127 millones de dólares, y un aumento del 10% en el ingreso neto a 102 millones de dólares (1,09 dólares por acción).
Las ventas netas del segundo trimestre disminuyeron un 3% debido a la falta de volumen en agosto y septiembre, afectadas por cambios en los hábitos de compra de los consumidores y la reducción del poder adquisitivo. La empresa enfrentó interrupciones en la cadena de suministro debido a severas tormentas en el sureste de EE. UU. A pesar de los desafíos, los márgenes operativos mejoraron por octavo trimestre consecutivo, con un beneficio operativo por caso que aumentó un 12%. La compañía lanzó el sabor LaCroix Fresa Melocotón con planes de disponibilidad nacional para fin de año.
내셔널 음료주식회사 (NASDAQ: FIZZ)는 2024년 10월 26일 종료된 2분기 및 6개월 결과를 발표했습니다. 2분기의 주요 내용은 다음과 같습니다: 순매출 2억 9,100만 달러, 총 마진 개선 38%, 운영 소득 7% 성장 5,800만 달러, 주당순이익(EPS) 0.49달러로 증가 (0.47달러에서). 6개월 성과는 순매출 6억 2천 100만 달러, 운영 소득 1천만 달러 증가 1억 2천 700만 달러, 순이익 10% 증가 1억 200만 달러(주당 1.09달러)로 나타났습니다.
2분기 순매출은 8월과 9월의 판매량 부족으로 인해 3% 감소했으며, 이는 소비자 쇼핑 습관 변화와 구매력 감소에 영향을 받았습니다. 회사는 미국 동남부의 심각한 폭풍으로 인해 공급망 중단을 겪었습니다. 어려움 속에서도 운영 마진은 8분기 연속 개선되었으며, 케이스당 운영 이익이 12% 증가했습니다. 회사는 연말까지 전국적으로 판매할 계획으로 LaCroix 딸기 복숭아 맛을 출시했습니다.
National Beverage Corp. (NASDAQ: FIZZ) a publié les résultats du deuxième trimestre et des six mois se terminant le 26 octobre 2024. Les points forts du deuxième trimestre incluent : des ventes nettes de 291 millions de dollars, une amélioration de la marge brute à 38%, une croissance de 7% du résultat opérationnel à 58 millions de dollars, et une augmentation du bénéfice par action (EPS) à 0,49 dollar contre 0,47 dollar. La performance sur six mois a montré des ventes nettes de 621 millions de dollars, une croissance du résultat opérationnel de 10 millions de dollars à 127 millions de dollars, et une augmentation de 10% du bénéfice net à 102 millions de dollars (1,09 dollar par action).
Les ventes nettes du deuxième trimestre ont diminué de 3% en raison de déficits de volume en août et septembre, affectés par des changements dans les habitudes d'achat des consommateurs et un pouvoir d'achat réduit. La société a fait face à des perturbations dans la chaîne d'approvisionnement dues à de violentes tempêtes dans le Sud-Est des États-Unis. Malgré ces défis, les marges opérationnelles se sont améliorées pour le huitième trimestre consécutif, avec un bénéfice opérationnel par caisse en hausse de 12%. L'entreprise a lancé le goût LaCroix Fraise-Pèche avec des plans pour une disponibilité nationale d'ici la fin de l'année.
National Beverage Corp. (NASDAQ: FIZZ) hat die Ergebnisse des zweiten Quartals und der sechs Monate zum 26. Oktober 2024 bekannt gegeben. Die Highlights des zweiten Quartals umfassen: Nettoumsatz von 291 Millionen Dollar, verbesserte Bruttomarge von 38%, ein Anstieg des Betriebsergebnisses um 7% auf 58 Millionen Dollar und einen Anstieg des EPS von 0,47 Dollar auf 0,49 Dollar. Die Leistung über sechs Monate zeigte einen Nettoumsatz von 621 Millionen Dollar, einen Anstieg des Betriebsergebnisses um 10 Millionen Dollar auf 127 Millionen Dollar und einen Anstieg des Nettogewinns um 10% auf 102 Millionen Dollar (1,09 Dollar pro Aktie).
Die Nettoumsätze im zweiten Quartal sanken um 3%, bedingt durch Volumenmängel im August und September, die von Änderungen im Einkaufsverhalten der Verbraucher und einer verminderten Kaufkraft beeinflusst wurden. Das Unternehmen sah sich mit Störungen in der Lieferkette durch schwere Stürme im Südosten der USA konfrontiert. Trotz der Herausforderungen verbesserten sich die Betriebsmargen im achten Quartal in Folge, mit einem Anstieg des Betriebsergebnisses pro Fall um 12%. Das Unternehmen brachte den Geschmack LaCroix Erdbeere-Pfirsich auf den Markt und plant eine landesweite Verfügbarkeit bis Ende des Jahres.
- Operating income grew 7% to $58M in Q2
- Gross margin improved to 38% of net sales
- Operating profit per case increased 12%
- Six-month net income increased 10% to $102M
- Operating margins improved for 8th consecutive quarter
- Q2 net sales declined 3% year-over-year
- Volume shortfalls in August and September
- Supply chain disruptions due to southeastern storms
Insights
National Beverage Corp. delivered a mixed but generally positive Q2 2024 performance. Despite a
The company's margin management strategy is particularly noteworthy, with operating margins improving for the eighth consecutive quarter and operating profit per case rising
The launch of LaCroix's Strawberry Peach flavor represents a strategic move in the competitive beverage market. The company's multi-channel marketing approach, combining social media, influencers and sports team sponsorships, shows adaptability to modern consumer engagement methods. Despite headwinds from changing consumer behaviors and reduced purchasing power, FIZZ's focus on innovation and expanded distribution strategy through increased in-store presence could drive future growth.
The positive consumer response to the new flavor launch and planned nationwide rollout by year-end suggests potential market share gains. The company's emphasis on in-store sampling and merchandising teams expansion indicates a strong push to capture consumer attention at the point of purchase.
Second Quarter:
-
Net sales were
$291 million -
Gross margin improved to
38% of net sales; -
Operating income grew
7% to$58 million -
Earnings per share increased to
$.49 from$.47 .
Six Months:
-
Net sales were
$621 million -
Operating income grew
$10 million $127 million -
Net income increased
10% to$102 million $1.09
“We are pleased to report increased earnings and margin improvements in a challenging period,” stated a company spokesperson. “Among the headwinds we faced were changes in consumer shopping habits and reduced purchasing power that affected many consumer products. Second quarter net sales declined
“The record-setting storms that devastated large areas of the Southeastern US during our second quarter resulted in supply-chain disruptions and numerous multi-day store closures by our customers. The effects on our operations, however, pale in comparison to the devastation and loss of loved ones experienced by the residents trying to rebuild their lives.”
”Reflecting Team National’s continued focus on margin management, second quarter operating margins improved for the 8th consecutive quarter and operating profit per case increased
“Innovation continues to be the cornerstone of our strategy to delight consumers. LaCroix’s newest product, Strawberry Peach, which was launched at the beginning of this quarter, blends the sweet, vibrant taste of strawberries with the luscious, juicy flavor of peaches to deliver a fresh, fragrant sweet taste. Strawberry Peach has received an exceptionally positive consumer response, and we anticipate it will be available nationwide by the end of the year. Additional LaCroix creations with stimulating unique flavors featuring packaging with bright, vibrant images are scheduled to be released soon.”
“To promote these and our other consumer-favored beverages, we have expanded our in-store merchandising teams to new cities as well as increasing our staff of in-store sampling ambassadors. Our marketing is focused on increasing brand awareness and includes social media, consumer events, influencers, digital marketing and professional sports teams and podcast sponsorships.”
“With its strong balance sheet and entrepreneurial management focus, National Beverage is well positioned to effectively manage near-term challenges while continuing to deliver long-term performance.
We are particularly grateful at this special time of the year for the continued loyalty of our consumers, retail partners, shareholders and all of Team National. We wish special blessings, peace and joy to all!” concluded the spokesperson.
“Patriotism” – If Only We Could Bottle It!
| National Beverage Corp. | ||||||||||||
| Consolidated Results for the Periods Ended | ||||||||||||
| October 26, 2024 and October 28, 2023 | ||||||||||||
| (in thousands, except per share amounts) | ||||||||||||
| Three Months Ended | Trailing Twelve Months Ended | |||||||||||
| Oct. 26, 2024 | Oct. 28, 2023 | Oct. 26, 2024 | Oct. 28, 2023 | |||||||||
| Net Sales | $ |
291,202 |
$ |
300,074 |
$ |
1,188,055 |
$ |
1,179,496 |
||||
| Net Income | $ |
45,637 |
$ |
43,788 |
$ |
185,730 |
$ |
164,083 |
||||
| Earnings Per Common Share | ||||||||||||
| Basic | $ |
.49 |
$ |
.47 |
$ |
1.99 |
$ |
1.76 |
||||
| Diluted | $ |
.49 |
$ |
.47 |
$ |
1.98 |
$ |
1.75 |
||||
| Average Common Shares Outstanding | ||||||||||||
| Basic |
|
93,613 |
|
93,360 |
|
93,549 |
|
93,355 |
||||
| Diluted |
|
93,686 |
|
93,604 |
|
93,667 |
|
93,611 |
||||
| This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks, uncertainties and other factors described in the Company's Securities and Exchange Commission filings which may cause actual results or achievements to differ from the results or achievements expressed or implied by such statements. The Company disclaims an obligation to update or announce revisions to any forward-looking statements. | ||||||||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20241205211678/en/
Office of the Chairman, Grace Keene
877-NBC-FIZZ
www.nationalbeverage.com
Source: National Beverage Corp.
FAQ
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