National Beverage Corp. Reports First Quarter Earnings

FIZZ posted flat quarterly sales but lower profit as costs and tariffs squeezed margins, while returning $304 million via a special dividend.

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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- National Beverage Corp. (NASDAQ: FIZZ) today announced results for its first quarter ended August 1, 2026.

For the three months:

• Net sales were $331 million;
• Gross margin was 35%, reflecting the effects of elevated input costs;
• Earnings per share were $.50 and;
• Cash was $107 million after the payment of a $304 million special dividend ($3.25 per share) on July 30, 2026.

“Our first quarter Net Sales were negatively impacted by consumer sentiment and tariffs, as average selling price increases were largely offset by volume declines,” stated a company spokesperson. “While market conditions remain soft, we are encouraged by the rebound in orders during August and are optimistic that improving volume/mix will resume growth going forward.”

“Gross profit was also affected by higher packaging and ingredient costs, driven significantly by elevated aluminum commodity costs and tariffs. Aluminum costs alone negatively impacted gross margin by almost 600 basis points. Increases in fuel and freight further pressured both inbound and outbound shipping expenses. While we are disappointed to start the year with lower margins, the magnitude and convergence of these external pressures challenged our ability to respond as quickly as we historically have. In accordance with the request of the current administration, we have elected to absorb a portion of the tariff-related cost increases and continue to closely monitor these volatile market conditions. We believe recently instituted pricing actions, together with our disciplined operating focus, will improve performance.”

“Innovation continues to be key in driving incremental demand and expanding consumption occasions. Shareholders will soon receive a ‘taste’ of our newest LaCroix flavor – PineApple CocoNut, a radiant fusion of bright pineapple sparkle with a velvety coconut finish, for a balance of flavor that’s Harmoniously Combined! This delectable combination was featured in our summer ad campaign and quickly became a consumer favorite.”

“Our strategy remains consistent: deliver innovative and flavorful beverages, vibrant consumer engagement, impactful merchandising and targeted marketing initiatives, all driven by disciplined operational execution. This strategy has generated strong cash flows as evidenced by our first quarter special dividend of $3.25 per share, representing our thirteenth special cash dividend which have distributed $19.78 per share or over $1.8 billion to our shareholders.”

“Our healthier LaCroix Sparkling Water, along with our ‘priced-right’ flavor variety of carbonated soft drinks and single-serve juice and drink products, position us to succeed in all channels and beverage categories. We believe this balanced portfolio, along with our strong balance sheet, acclaimed creativity and entrepreneurial management focus, provide a powerful foundation for creating long-term shareholder value,” concluded the spokesperson.

“Patriotism” – If Only We Could Bottle It!

National Beverage Corp.
Consolidated Results for the Periods Ended
August 1, 2026 and August 2, 2025
	(in thousands, except per share amounts)
	Three Fiscal Months Ended					Trailing Twelve Fiscal Months Ended
	August 1, 2026		August 2, 2025			August 1, 2026
Net Sales	$ 330,662		$ 330,515			$ 1,180,699
Net Income	$ 47,004		$ 55,760			$ 174,892
Earnings Per Common Share
Basic	$ .50		$ .60			$ 1.87
Diluted	$ .50		$ .60			$ 1.87
Average Common Shares Outstanding
Basic	93,613		93,620			93,615
Diluted	93,660		93,699			93,663
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks, uncertainties and other factors described in the Company's Securities and Exchange Commission filings which may cause actual results or achievements to differ from the results or achievements expressed or implied by such statements. The Company disclaims an obligation to update or announce revisions to any forward-looking statements.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260910802231/en/

Office of the Chairman, Grace Keene
877-NBC-FIZZ
www.nationalbeverage.com

Source: National Beverage Corp.

Key Terms

gross margin financial

Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.

View in glossary

basis points financial

Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.

diluted financial

Diluted describes how the value or claim of each existing share is reduced when additional shares could be issued or converted from things like stock options, warrants, or convertible debt. For investors it matters because diluted measures show a more complete picture of per-share earnings and ownership, like adding more slices to a pie so each slice becomes smaller — helping you judge how future share creation could lower your stake or earnings per share.

average common shares outstanding financial

The weighted average number of a company's common shares that were outstanding during a reporting period, calculated by giving each share count the proportion of the period it existed. It is the standard denominator used to compute per-share metrics like earnings per share, so it matters to investors because changes in the share count (stock issued, repurchased, or split) dilute or concentrate reported per-share results, similar to changing the number of slices when splitting a pie.