National Beverage Corp. Q2 2025: Sales Top $1B

TL;DR

National Beverage sales hit $1.019B for H1 2025, EPS at $0.49. Steady performance.

AI Summary

National Beverage Corp. reported its Q2 2025 results for the period ending October 26, 2024. The company's net sales for the six months reached $1.019 billion, with earnings per share at $0.49. This filing covers the financial performance and operational details for the second quarter and the first half of the fiscal year.

Why It Matters

This filing provides insight into the financial health and performance of National Beverage Corp., a key player in the beverage industry, impacting investors and consumers alike.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative developments.

Key Numbers

• $1.019B — Net Sales (6 months) (Represents the total revenue generated in the first half of fiscal year 2025.)
• $0.49 — EPS (6 months) (Indicates the company's profitability per share for the first half of fiscal year 2025.)
• 200,000,000 — Total Assets (Shows the overall financial resources of the company as of the reporting date.)

Key Players & Entities

• National Beverage Corp. (company) — Filer of the 10-Q report
• October 26, 2024 (date) — End of the reporting period
• $1.019 billion (dollar_amount) — Net sales for the six-month period
• $0.49 (dollar_amount) — Earnings per share for the six-month period

FAQ

Filing Documents

• fizz20240930_10q.htm (10-Q) — 641KB
• ex_753076.htm (EX-10.16) — 388KB
• ex_752932.htm (EX-31.1) — 11KB
• ex_752933.htm (EX-31.2) — 11KB
• ex_752934.htm (EX-32.1) — 4KB
• ex_752935.htm (EX-32.2) — 4KB
• 0001437749-24-036808.txt ( ) — 3471KB
• fizz-20241026.xsd (EX-101.SCH) — 24KB
• fizz-20241026_cal.xml (EX-101.CAL) — 38KB
• fizz-20241026_def.xml (EX-101.DEF) — 177KB
• fizz-20241026_lab.xml (EX-101.LAB) — 182KB
• fizz-20241026_pre.xml (EX-101.PRE) — 203KB
• fizz20240930_10q_htm.xml (XML) — 297KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) Page Condensed Consolidated Balance Sheets as of October 26, 2024 and April 27, 2024 3 Condensed Consolidated Statements of Income for the Three and Six Months Ended October 26, 2024 and October 28, 2023 4 Condensed Consolidated Statements of Comprehensive Income for the Three and Six Months Ended October 26, 2024 and October 28, 2023 5 Condensed Consolidated Statements of Shareholders' Equity for the Three and Six Months Ended October 26, 2024 and October 28, 2023 6 Condensed Consolidated Statements of Cash Flows for the Six Months Ended October 26, 2024 and October 28, 2023 7 Notes to Condensed Consolidated Financial Statements 8

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 13

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 15

Controls and Procedures

Item 4. Controls and Procedures 16

- OTHER INFORMATION

PART II - OTHER INFORMATION

Risk Factors

Item 1A. Risk Factors 17

Exhibits

Item 6. Exhibits 17 Signature 18 2 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS NATIONAL BEVERAGE CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (In thousands, except share data) October 26, April 27, 2024 2024 Assets Current assets: Cash and cash equivalents $ 112,837 $ 327,047 Trade receivables, net 99,605 102,837 Inventories 91,048 84,603 Prepaid and other current assets 21,401 22,385 Total current assets 324,891 536,872 Property, plant and equipment, net 160,317 159,730 Operating lease right-of-use assets 49,301 53,498 Goodwill 13,145 13,145 Intangible assets 1,615 1,615 Other assets 8,171 5,293 Total assets $ 557,440 $ 770,153 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 69,646 $ 78,283 Accrued liabilities 44,912 46,565 Operating lease liabilities 12,869 13,079 Income taxes payable 684 - Total current liabilities 128,111 137,927 Deferred income taxes, net 23,587 23,247 Operating lease liabilities 37,614 41,688 Other liabilities 7,984 7,779 Total liabilities 197,296 210,641 Shareholders' equity: Preferred stock, $ 1 par value - 1,000,000 shares authorized: Series C - 150,000 shares issued 150 150 Common stock, $ .01 par value - 200,000,000 shares authorized; 101,988,758 and 101,942,658 shares issued, respectively 1,020 1,019 Additional paid-in capital 43,355 42,588 Retained earnings 333,346 535,077 Accumulated other comprehensive loss 6,506 4,911 Treasury stock - at cost: Series C preferred stock - 150,000 shares ( 5,100 ) ( 5,100 ) Common stock - 8,374,112 shares ( 19,133 ) ( 19,133 ) Total shareholders' equity 360,144 559,512 Total liabilities and shareholders' equity $ 557,440 $ 770,153 See accompanying Notes to Condensed Consolidated Financial Statements. 3 Table of Contents NATIONAL BEVERAGE CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (In thousands, except per share amounts) Three Months Ended Six Mont

MANAGEMENT ' S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 2. MANAGEMENT ' S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OVERVIEW National Beverage Corp. innovatively refreshes America with a distinctive portfolio of sparkling waters, juices, energy drinks (Power+ Brands) 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. The majority of our brands are geared to the active and health-conscious consumer including sparkling waters, energy drinks and juices. Our portfolio of Power+ Brands includes LaCroix, LaCroix Crate, and LaCroix NiCola sparkling water beverages; Clear Fruit non-carbonated water beverages enhanced with fruit flavor; Rip It energy drinks and shots; and Everfresh, Everfresh Premier Varietals and Mr. Pure 100% juice and juice-based beverages. Additionally, we produce and distribute carbonated soft drinks including Shasta and Faygo, iconic brands whose consumer loyalty spans more than 135 years. Our strategy seeks the profitable growth of our products by (i) developing healthier beverages in response to the global shift in consumer buying habits and tailoring our beverage portfolio to the preferences of a diverse mix of crossover consumers' – a growing group desiring a healthier alternative to artificially sweetened and high-caloric beverages; (ii) emphasizing unique flavor development and variety throughout our brands that appeal to multiple demographic groups; (iii) maintaining points of difference through innovative marketing, packaging and consumer engagement and (iv) responding faster and more creatively to changing consumer trends than larger competitors who are burdened by legacy production and distribution complexity and costs. Presently, our primary market focus is the United States and Canada. Certain of our beverages are also distributed on a limited

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View this 10-Q filing on SEC EDGAR