10-Q - NATIONAL BEVERAGE CORP (0000069891) (Filer)

Thu, Dec 5, 10:25 PM (38 days ago)

For the quarter ended October 26, 2024, National Beverage Corp. (NASDAQ: FIZZ) reported a net sales decline of 3.0% to $291.2 million, primarily due to a 4.6% decrease in case volume, despite a 2.2% increase in average selling price. Gross profit increased to $109.4 million, driven by reduced packaging costs and higher selling prices, resulting in a gross margin of 37.6%. Selling, general, and administrative expenses decreased to $51.5 million, reflecting lower marketing and shipping costs. Net income rose to $45.6 million, with earnings per share increasing to $0.49. Cash flow from operations remained strong at $100.1 million, although cash decreased significantly due to a $304.1 million special dividend paid in July 2024. As of the reporting date, working capital decreased to $196.8 million, with a current ratio of 2.5, down from 3.9. The company maintains a robust liquidity position with $150 million in credit facilities, all undrawn. Future operations may be influenced by ongoing shifts in consumer preferences and raw material costs, amidst a competitive landscape.