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

Thu, Mar 6, 9:49 PM (52 days ago)

National Beverage Corp. (FIZZ) reported a slight decline in net sales for Q3 FY2025, totaling $267.1 million, down 1.1% from the previous year, largely due to a 3.4% decrease in case volume. However, gross profit increased to $99.0 million, benefiting from a rise in average selling prices and reduced packaging costs, leading to an improved gross margin of 37.1%. Operating income rose to $50.6 million, despite a decrease in selling, general, and administrative expenses to $48.4 million. For the nine months ended January 25, 2025, total sales decreased 0.7% to $887.7 million, with gross profit rising to $330.7 million. Cash flow from operations increased to $146.6 million, reflecting higher net income, while cash position decreased significantly due to a special dividend payment of $304.1 million. As of January 25, 2025, the company maintained strong liquidity with $149.2 million in cash and $150 million in credit facilities, with no borrowings outstanding. The current ratio was 2.9, down from 3.9 due to the dividend payment. The company anticipates continued investment in capital expenditures, targeting $25 to $30 million for FY2025.