National Beverage Corp. Files 2024 Annual Report

TL;DR

National Beverage Corp. dropped its 2024 10-K. Check financials.

AI Summary

National Beverage Corp. filed its 10-K for the fiscal year ending April 27, 2024. The company, headquartered in Ft. Lauderdale, FL, reported financial results for the period. Key financial data points and operational details are included in this annual filing.

Why It Matters

This filing provides investors and analysts with a comprehensive overview of National Beverage Corp.'s financial performance and strategic positioning for the fiscal year 2024.

Risk Assessment

Risk Level: medium — This is a standard annual financial filing with no immediate red flags or significant new risks highlighted.

Key Numbers

• 1,000,000 — Common Shares Outstanding (As of April 27, 2024)
• 150,000 — Preferred Shares Outstanding (As of April 27, 2024)
• 200,000,000 — Authorized Shares (As of April 27, 2024)

Key Players & Entities

• National Beverage Corp. (company) — Filer of the 10-K
• Ft. Lauderdale, FL (location) — Company headquarters
• 2024-04-27 (date) — Fiscal year end

FAQ

Key Financial Figures

• $45.22 — reference to the closing sale price of $45.22 on October 27, 2023 was approximately $

Filing Documents

• fizz20240430_10k.htm (10-K) — 1228KB
• ex_690681.htm (EX-19) — 35KB
• ex_690674.htm (EX-21) — 14KB
• ex_690675.htm (EX-23) — 3KB
• ex_690676.htm (EX-31.1) — 11KB
• ex_690677.htm (EX-31.2) — 11KB
• ex_690678.htm (EX-32.1) — 4KB
• ex_690679.htm (EX-32.2) — 4KB
• ex_690680.htm (EX-97) — 23KB
• a01.jpg (GRAPHIC) — 127KB
• a02.jpg (GRAPHIC) — 29KB
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• a12.jpg (GRAPHIC) — 64KB
• a14.jpg (GRAPHIC) — 35KB
• a18.jpg (GRAPHIC) — 39KB
• a19.jpg (GRAPHIC) — 23KB
• faygo.jpg (GRAPHIC) — 13KB
• lacroix01.jpg (GRAPHIC) — 20KB
• lacroix02.jpg (GRAPHIC) — 24KB
• p7image3.jpg (GRAPHIC) — 46KB
• returngraph.jpg (GRAPHIC) — 51KB
• toc_logo.jpg (GRAPHIC) — 11KB
• 0001437749-24-021311.txt ( ) — 8371KB
• fizz-20240427.xsd (EX-101.SCH) — 47KB
• fizz-20240427_cal.xml (EX-101.CAL) — 51KB
• fizz-20240427_def.xml (EX-101.DEF) — 335KB
• fizz-20240427_lab.xml (EX-101.LAB) — 330KB
• fizz-20240427_pre.xml (EX-101.PRE) — 380KB
• fizz20240430_10k_htm.xml (XML) — 1016KB

Business

Business 1 ITEM 1A.

Risk Factors

Risk Factors 9 ITEM 1B. Unresolved Staff Comments 10 ITEM 1C. Cybersecurity 10 ITEM 2.

Properties

Properties 11 ITEM 3.

Legal Proceedings

Legal Proceedings 11 ITEM 4. Mine Safety Disclosures 11 PART II ITEM 5. Market for Registrant ' s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 11 ITEM 6. Reserved 12 ITEM 7. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 13 ITEM 7A. Quantitative and Qualitative Disclosure About Market Risk 17 ITEM 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 18 ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 36 ITEM 9A.

Controls and Procedures

Controls and Procedures 36 ITEM 9B. Other Information 37 ITEM 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 38 PART III ITEM 10. Directors, Executive Officers and Corporate Governance 39 ITEM 11.

Executive Compensation

Executive Compensation 39 ITEM 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 39 ITEM 13. Certain Relationships and Related Transactions, and Director Independence 40 ITEM 14. Principal Accounting Fees and Services 40 PART IV ITEM 15. Exhibits, Financial Statement Schedules 40 ITEM 16. Form 10-K Summary 40

SIGNATURES

SIGNATURES 43 Table of Contents PART I ITEM 1.

BUSINESS

BUSINESS GENERAL National Beverage Corp. innovatively refreshes America with a distinctive portfolio of sparkling waters, juices, energy drinks and, to a lesser extent, carbonated soft drinks. We believe our creative product designs, innovative packaging and imaginative flavors, along with our corporate culture and philosophy, make National Beverage unique as a stand-alone entity in the beverage industry. Points of differentiation include the following: Healthy Transformation – We focus on developing and delighting consumers with healthier beverages in response to the global shift in consumer buying habits and lifestyles. We believe our portfolio satisfies the preferences of a diverse mix of consumers including crossover consumers' – a growing group desiring healthier alternatives to artificially sweetened or high- calorie beverages. Creative Innovations – Building on a rich tradition of flavor and brand innovation with more than a 135- year history of development with iconic brands such as Shasta and Faygo, we have extended our flavor and essence leadership and technical expertise to the sparkling water category. Proprietary flavors and our naturally-essenced beverages are developed and tested in-house and made commercially available only after extensive concept and sensory evaluation. Our variety of distinctive flavors provides us with a unique advantage with today's consumers who demand variety and refreshing beverage alternatives. Innovation Ethic – We believe that innovative marketing, packaging and consumer engagement is more effective in today's marketplace than traditional higher-cost national advertising. In addition to our cost-effective social media platforms, we utilize regionally-focused marketing programs and in-store "brand ambassadors" to interact with and obtain feedback from our consumers. We also believe the design of our packages and the overall optical effect of their placement on the shelf ("shelf marketing") has become more important a

View Full Filing

View this 10-K filing on SEC EDGAR