National Beverage Corp. (NASDAQ: FIZZ) has reported its first quarter results for the period ending July 27, 2024, showcasing impressive growth across key metrics compared to the previous year:
- Net sales surged to a record $329 million.
- Operating profit rose by 10% to $70 million.
- Net income increased by 14%, reaching a record $57 million.
- Despite a $304 million dividend payment, cash reserves exceeded $77 million.
- Earnings per share grew from $0.53 to $0.61.
“While some may label the summer of 2024 as one of gold, champions, or challenges, we at National Beverage proudly call it the summer of ‘FIZZ.’ This season marks not just the continued success of our taste and innovation but also a new chapter that elevates our Company’s spirit and focus. Years of dedication, hard work, perseverance, and occasional setbacks have brought us to this remarkable point,” said a company spokesperson.
The start of the new fiscal year has been a period of creativity and innovation for National Beverage, highlighted by the launch of its newest flavor, Strawberry Peach. A perfect blend of sweet strawberries and juicy peaches, the new flavor was introduced less than 30 days ago and has already generated a strong consumer response. It will soon be available nationwide.
“Our consumers’ connection with our beverages starts with the package design. Every detail, from the graphics that spark curiosity and trust to the flavor names, is carefully crafted with thought, passion, and love. We want our customers to not only enjoy our beverages but to feel a deep loyalty and joy when they choose us. In many cases, we are exceeding their expectations,” the spokesperson added.
The company also highlighted its July special cash dividend of $3.25 per share as further proof of its exceptional performance. National Beverage remains committed to delivering beverages that excite the senses and offer exceptional value to both its customers and shareholders.
