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) reported a strong performance for its third quarter ending
- Net sales rose to
$268 million , marking the highest Q3 sales. - Gross profit reached
$95 million , representing 35% of sales. - Net income was
$34 million , with earnings per share increasing 12% to$.37 . - The company ended the quarter with
$118 million in cash.
The management emphasized ongoing innovation and efforts to enhance margins, indicating optimism for future growth.
National Beverage Corp. (NASDAQ:FIZZ) commemorates its 29th year supporting St. Jude Children’s Research Hospital in its mission to find cures and save children. CEO Nick A. Caporella emphasizes the importance of unwavering support for St. Jude's research and patient care. Founded in 1962 by Danny Thomas, St. Jude provides free care to families, ensuring they focus on their child's health without financial burdens. The company encourages public involvement this holiday season to enhance St. Jude's efforts.
National Beverage Corp. (NASDAQ: FIZZ) reported a strong performance for Q2 ending October 29, 2022, with net sales reaching $300 million, marking the highest second quarter ever for the company. Net income stood at $36 million, translating to earnings per share of $.39. Cash reserves grew to $93 million. The company emphasized its unique product offerings and innovation in flavors, particularly within its LaCroix and Rip It brands, while expressing optimism about growth opportunities in markets like Canada and Mexico.
National Beverage Corporation (NASDAQ: FIZZ) reported its first quarter fiscal 2023 results with net sales of $318.1 million and a net income of $35.5 million.
Earnings per share stood at $0.38, while cash reserves increased to $56 million after a $30 million debt repayment.
The company acknowledged a decline in sparkling water volume and emphasized its commitment to long-term brand growth despite current market challenges.
National Beverage Corp. (NASDAQ: FIZZ) reported record net sales of $1.14 billion for the fiscal year ending April 30, 2022, marking a 6.1% increase. Gross profit reached $417.8 million with an operating income of $207.9 million. The earnings per share (EPS) stood at $1.70, the second highest ever. The company declared total cash dividends of $6.00 per share in 2022 and 2021. Despite challenges from COVID-19, brand LaCroix saw volume gains, and innovation continued with new flavors like LaCroix Cherry Blossom.
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