Quarterly ResultSep 10, 2026, 05:16 PM
National Beverage Q1 Sales Flat; Net Income Down; Special Dividend Paid
AI Summary
National Beverage Corp. reported flat net sales of $330.7 million for the first quarter of fiscal year 2027, as a 7.1% increase in average selling price per case was offset by a 6.4% decrease in case volume. Gross profit declined to $115.8 million, with gross margin contracting to 35.0% from 38.0% due to increased costs for packaging, ingredients, and aluminum. Net income fell to $47.0 million, or $0.50 per diluted share, compared to $55.8 million, or $0.60 per diluted share, in the prior year's quarter. The company paid a significant special cash dividend of $304.2 million, leading to a substantial decrease in cash and cash equivalents.
Key Highlights
- National Beverage Corp. reported Q1 FY2027 net sales of $330.7 million, flat year-over-year, with a 7.1% increase in average selling price per case offset by a 6.4% decline in case volume.
- Gross profit decreased to $115.8 million from $125.5 million in Q1 FY2026, with gross margin falling to 35.0% from 38.0%, impacted by higher packaging, ingredient, and aluminum costs.
- Operating income declined to $58.5 million from $70.8 million year-over-year.
- Net income for Q1 FY2027 was $47.0 million ($0.50 per diluted share), down from $55.8 million ($0.60 per diluted share) in Q1 FY2026.
- The company paid a special cash dividend of $3.25 per share, totaling $304.2 million, on July 30, 2026.
- Cash and cash equivalents decreased significantly to $107.1 million as of August 1, 2026, from $349.5 million as of May 2, 2026, primarily due to the dividend payment.
- Selling, general and administrative expenses increased to $57.3 million from $54.7 million, driven by higher shipping and marketing costs.
Price Impact
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