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National Beverage (FIZZ) Stock News, Sep 2022-Jun 2024

FIZZ Nasdaq

National Beverage Corp. reports news on a U.S. non-alcoholic beverage business anchored by LaCroix sparkling water and supported by brands including Rip It energy drinks, Everfresh juices, Shasta and Faygo. Company updates commonly cover quarterly results, net sales, margins, volume trends, pricing, commodity and tariff cost pressures, and operating cash flow.

Recurring developments also include new LaCroix flavors and variety packs, Shasta and Faygo ZERO Sugar products, retail distribution, sponsorships and consumer marketing programs. Corporate news may address share repurchases, dividend history, shareholder-return actions, and long-running philanthropic activity tied to St. Jude Children’s Research Hospital.

Rhea-AI Summary

National Beverage Corp. (NASDAQ: FIZZ) has declared a special cash dividend of $3.25 per share, payable to shareholders of record on June 24, 2024. This marks their twelfth special dividend in 20 years, summing up to $16.53 per share, or over $1.5 billion. The ex-dividend date is June 24, 2024, and payment will be made by July 24, 2024. The company has reported eleven consecutive quarters of record sales, increasing gross profits, and operating income. Fiscal year results ending April 27, 2024, will be announced by June 26, 2024. LaCroix, a brand under National Beverage, continues to be a market leader with its innovative flavors and trusted brand reputation.

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National Beverage Corp. (NASDAQ: FIZZ) reported a strong performance for its third quarter ending January 28, 2023. Key highlights include:

  • Net sales rose to $268 million, marking the highest Q3 sales.
  • Gross profit reached $95 million, representing 35% of sales.
  • Net income was $34 million, with earnings per share increasing 12% to $.37.
  • The company ended the quarter with $118 million in cash.

The management emphasized ongoing innovation and efforts to enhance margins, indicating optimism for future growth.

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National Beverage Corp. (NASDAQ:FIZZ) commemorates its 29th year supporting St. Jude Children’s Research Hospital in its mission to find cures and save children. CEO Nick A. Caporella emphasizes the importance of unwavering support for St. Jude's research and patient care. Founded in 1962 by Danny Thomas, St. Jude provides free care to families, ensuring they focus on their child's health without financial burdens. The company encourages public involvement this holiday season to enhance St. Jude's efforts.

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National Beverage Corp. (NASDAQ: FIZZ) reported a strong performance for Q2 ending October 29, 2022, with net sales reaching $300 million, marking the highest second quarter ever for the company. Net income stood at $36 million, translating to earnings per share of $.39. Cash reserves grew to $93 million. The company emphasized its unique product offerings and innovation in flavors, particularly within its LaCroix and Rip It brands, while expressing optimism about growth opportunities in markets like Canada and Mexico.

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National Beverage Corporation (NASDAQ: FIZZ) reported its first quarter fiscal 2023 results with net sales of $318.1 million and a net income of $35.5 million.

Earnings per share stood at $0.38, while cash reserves increased to $56 million after a $30 million debt repayment.

The company acknowledged a decline in sparkling water volume and emphasized its commitment to long-term brand growth despite current market challenges.

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FAQ

What is the current stock price of National Beverage (FIZZ)?

National Beverage (FIZZ) last closed at $34.71.

What is the market cap of National Beverage (FIZZ)?

The market cap of National Beverage (FIZZ) is approximately $3.2B.