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) announced that its LaCroix Cherry Blossom flavor won the Flavored Water Category in PEOPLE’s Food Awards 2022. Introduced in March 2022, Cherry Blossom is recognized for its unique, fruity, and floral taste. This accolade was determined by a panel of over 150 testers from across the U.S. The LaCroix spokesperson highlighted the brand's commitment to innovation and quality, predicting that Cherry Blossom will become a consumer favorite.
National Beverage Corp. (NASDAQ: FIZZ) reported a record third-quarter net sales of $259 million for the quarter ending January 29, 2022. The gross profit reached $94 million, marking the second highest in the company's history. Earnings per share were $.33, reflecting a challenging year with case volume slightly below last year but up by 6.4% compared to pre-pandemic levels. The company cited rising costs for packaging, ingredients, and transportation as factors for increased pricing, demonstrating its brand pricing power.
National Beverage Corp. (NASDAQ: FIZZ) announces the launch of its new LaCroix flavor, Cherry Blossom, timed for Valentine's Day. This unique flavor blends sweetness with a hint of tartness, embodying the essence of spring. The spokesperson emphasized that the Cherry Blossom flavor symbolizes freshness and beauty, touting its exquisite taste and packaging. The beverage will be available at select retailers nationwide starting in March 2022.
National Beverage Corp. (NASDAQ:FIZZ) has announced a special cash dividend of $3.00 per share, set for payment on December 29, 2021. This decision reflects the company’s strong operational performance, allowing it to reward its loyal shareholders, especially during the holiday season. The Board of Directors acted to accelerate the dividend payment due to the uncertain tax environment. Additionally, National Beverage will disclose its third-quarter results for the period ending January 29, 2022, by March 10, 2022.
National Beverage Corp. (NASDAQ: FIZZ) celebrates its 28th year supporting St. Jude Children’s Research Hospital, emphasizing the importance of hope for children facing serious health challenges. CEO Nick A. Caporella highlights the company's gratitude for this partnership and urges others to support St. Jude, especially during financially challenging times. St. Jude provides treatment regardless of a family's ability to pay, and donations can be made online or via phone. The company's commitment reinforces its community involvement and corporate responsibility.
National Beverage Corp. (NASDAQ: FIZZ) reported a record net sales of
National Beverage Corp. (NASDAQ: FIZZ) has declared a special cash dividend of $3.00 per share for shareholders of record on December 13, 2021. The stock will trade ex-dividend on December 10, 2021, with payment expected by February 11, 2022. This marks the eleventh special dividend in 17 years, totaling $13.28 per share or over $1.2 billion returned to shareholders. Strong operating cash flow has enabled this distribution despite ongoing pandemic challenges. The company will announce its Q2 results for the period ended October 30, 2021 by December 9, 2021.
National Beverage Corp. (NASDAQ: FIZZ) reported net sales of $311.7 million for the first quarter ended July 31, 2021, a notable increase from $293.4 million the previous year. The gross profit reached $124.8 million, maintaining a 40% gross margin. Operating income was $70.3 million, or 22.6% of sales. Earnings per share rose to $.58, up from $.55. The company highlighted ongoing challenges due to labor and material shortages but reported strong consumer loyalty and growth in its Power+ brand.
National Beverage Corp. (NASDAQ: FIZZ) reported record results for the fiscal year ending May 1, 2021. Key highlights include net sales of $1.1 billion, up 7.2%, with a gross profit of $421.6 million, marking a 13.9% increase. Operating income rose to $227.8 million, representing 21.2% of sales, while earnings per share increased by 34% to $1.87. The balance sheet shows cash of $193.6 million and a current ratio of 2.5:1 after a $279.9 million cash dividend and a one-for-one stock split. Innovative product launches are expected to drive further growth.
National Beverage Corp. (NASDAQ: FIZZ) is set to launch three new naturally-essenced LaCroix flavors: Beach Plum™, Black Razzberry™, and Guava São Paolo™. These varieties aim to enhance summer refreshment and evoke vibrant tropical sensations. The introduction follows a positive reception for previous flavors like LimonCello, Pastèque, and Hi-Biscus. LaCroix plans to distribute these flavors nationwide by spring, emphasizing the brand's commitment to innovation, unique taste experiences, and attractive packaging.
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