National Beverage (NASDAQ: FIZZ) lifts Q3 income and EPS on stronger margins

Rhea-AI Filing Summary

National Beverage Corp. reported third-quarter results for the period ended January 31, 2026, showing slightly lower sales but higher profit. Net sales were $264,586 thousand compared with $267,050 thousand a year earlier, while net income increased to $41,208 thousand from $39,643 thousand.

Basic and diluted earnings per share rose to $0.44 from $0.42, indicating improved margins despite modestly softer quarterly volume. Trailing twelve‑month net sales were $1,197,061 thousand and net income was $188,093 thousand, or $2.01 per basic and diluted share, supported by innovation and new flavor launches.

Insights

Equity research analyst

Income and EPS rose on better margins despite slightly lower sales.

National Beverage delivered third-quarter net sales of $264,586 thousand versus $267,050 thousand a year earlier, but net income improved to $41,208 thousand from $39,643 thousand. EPS increased to $0.44 from $0.42, implying margin expansion.

Management highlighted soft volume early in the quarter, offset by a 7% January shipment increase and stronger initial fourth-quarter shipments versus the prior year. New products such as PineApple CocoNut, Strawberry Peach, and ZERO Sugar line extensions align with consumer trends toward low- or no-sugar beverages.

Trailing twelve‑month net sales reached $1,197,061 thousand, with net income of $188,093 thousand and EPS of $2.01. Tariff-related cost pressures remain a factor as the company balances price increases with its stated intent not to pass the full impact on to consumers.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): March 12, 2026

National Beverage Corp.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

1-14170	59-2605822
(Commission File Number)	(IRS Employer Identification No.)

8050 SW Tenth Street, Suite 4000 Fort Lauderdale, Florida	33324
(Address of Principal Executive Offices)	(Zip Code)

(954) 581-0922

(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each Class	Trading Symbol	Name of each exchange on which registered
Common Stock, par value $.01 per share	FIZZ	The NASDAQ Global Select Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On March 12, 2026, National Beverage Corp. (the “Company”) issued a press release announcing financial results for the periods ended January 31, 2026. The information in Item 2.02 of this report, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01 Financial Statements and Exhibits

(d) Exhibit 99.1	Press release dated March 12, 2026 announcing the Company’s financial results for the periods ended January 31, 2026.
Exhibit 104	Cover Page Interactive Data File (formatted as Inline XBRL)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

National Beverage Corp.

(Registrant)

By: /s/ George R. Bracken

George R. Bracken

Executive Vice President – Finance

(Principal Financial Officer)

Date: March 13, 2026

EXHIBIT INDEX

99.1 Press release dated March 12, 2026 announcing the Company’s financial results for the periods ended January 31, 2026.

104 Cover Page Interactive Data File (formatted as Inline XBRL)

Exhibit 99.1

NASDAQ: FIZZ For Immediate Release Contact: Office of the Chairman, Grace Keene

NATIONAL BEVERAGE CORP.

REPORTS INCREASED WINTER QUARTER NET INCOME

WHILE IMPROVING MARGINS

FORT LAUDERDALE, FL, March 12, 2026 . . . National Beverage Corp. (NASDAQ: FIZZ) today announced results for its third quarter ended January 31, 2026, while honoring its patriotic commitment not to pass along the full impact of tariffs to consumers:

● Net sales were $265 million;

● Gross profit of $100 million reflects a 60 basis point year-over-year margin improvement;

● Earnings per share increased 5% to $.44 and;

● Operating cash flow was $136 million and quarter-end cash grew to $314 million.

“The third quarter delivered on our expectations for this marketplace and our objective of balancing volume with product pricing and margins. While volume was soft early in the quarter, January shipments were up 7% despite the effects of winter storm Fern, which disrupted shipping across the country. Initial shipments for our fourth quarter also reflect continued volume improvements over the prior year. We will continue to monitor tariff-related cost increases and, if necessary, make price adjustments designed to balance the effects on consumers with the amount absorbed by the Company,” stated a company spokesperson.

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National Beverage Corp.

Page 2

“Innovation remains our strategic compass as our recently released beverages expand distribution and build velocity. Our newest innovation, the ‘harmoniously combined’ PineApple CocoNut was featured to an overwhelming favorable response at Natural Products Expo West – the largest annual gathering of natural and organic products. Strawberry Peach has quickly risen to among the fastest selling LaCroix flavors, and Sunshine and PineApple CocoNut are now making their way to our retail partners along with new Shasta and Faygo ZERO Sugar products.”

“A recent Food Business News report identified the top consumer trends for 2026. One trend was termed ‘layers of delight’, highlighting the desire of consumers to indulge in multisensory experiences that ‘elevate moments and combine sensory richness with well-being.’ Another trend from the report is ‘beverage with a purpose’ as consumers favor products for hydration and convenience with ‘better-for-you’ formulas with no or low sugar and natural ingredients. Clearly, our largest brand, LaCroix, has these attributes and, as one of the Most Trusted Brands in America, is poised to continue its category leadership.”

“Over our history as a public company, our track record of long-term growth and strong cash flows has delivered a superior return on equity and industry-leading return on assets. We believe our entrepreneurial operator model, balance sheet strength and focus on healthy innovative products position us to deliver a ‘healthy’ future for our consumers and shareholders,” concluded the spokesperson.

“Patriotism” – If Only We Could Bottle It!

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National Beverage Corp.

Page 3

National Beverage Corp.

Consolidated Results for the Periods Ended

January 31, 2026 and January 25, 2025 

(In thousands, except per share amounts)

		Three Fiscal Months Ended								Trailing Twelve Fiscal Months Ended
		January 31, 2026				January 25, 2025				January 31, 2026
Net Sales		$	264,586			$	267,050			$	1,197,061
Net Income		$	41,208			$	39,643			$	188,093
Earnings Per Common Share
Basic		$	.44			$	.42			$	2.01
Diluted		$	.44			$	.42			$	2.01
Average Common Shares Outstanding
Basic			93,612				93,617				93,619
Diluted			93,645				93,691				93,681

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.

FAQ

What did National Beverage Corp. (FIZZ) report for its Q3 2026 results?

National Beverage reported Q3 2026 net sales of $264,586 thousand and net income of $41,208 thousand. Earnings per share were $0.44 basic and diluted, reflecting higher profitability despite slightly lower sales versus the prior-year quarter.

How did National Beverage’s Q3 2026 performance compare with the prior year?

Quarterly net sales dipped to $264,586 thousand from $267,050 thousand, but net income rose to $41,208 thousand from $39,643 thousand. Earnings per share increased from $0.42 to $0.44, indicating improved margins year over year.

What are National Beverage Corp.’s trailing twelve‑month results as of January 31, 2026?

For the trailing twelve months ended January 31, 2026, National Beverage reported net sales of $1,197,061 thousand and net income of $188,093 thousand. Basic and diluted earnings per share for this period were both $2.01, supported by consistent cash generation.

What volume and shipment trends did National Beverage highlight for Q3 2026?

Management noted soft volume early in the quarter but a 7% increase in January shipments, despite winter storm disruptions. Initial fourth-quarter shipments were also described as improving versus the prior year, suggesting strengthening demand heading into the next quarter.

How is National Beverage addressing tariffs and pricing in 2026?

The company stated it is honoring a commitment not to pass along the full impact of tariffs to consumers. It plans to monitor tariff-related cost increases and, if needed, make price adjustments that balance consumer impact with costs absorbed by the company.

Which product innovations did National Beverage emphasize in its latest results?

National Beverage highlighted new offerings such as PineApple CocoNut, Strawberry Peach, and Sunshine, plus new Shasta and Faygo ZERO Sugar products. These align with trends toward multisensory experiences and “better-for-you” beverages with low or no sugar and natural ingredients.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 43.8 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.5 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.7 KB