National Beverage Corp. Reports 0.8% Increase in Net Sales for Fiscal Year Ending May 3, 2025

National Beverage Corp. reported a modest increase in net sales for the fiscal year ending May 3, 2025, reaching $1,201.4 million, up 0.8% from $1,191.7 million in the previous fiscal year. This growth was primarily driven by a 1.7% rise in the average selling price per case, although it was partially offset by a 0.9% decline in case volume. The company’s gross profit also saw an increase, rising to $443.9 million from $428.5 million, attributed to lower packaging costs and the higher average selling price, resulting in a gross margin improvement to 37.0% from 36.0%.

In terms of operational efficiency, National Beverage Corp. reported a decrease in selling, general, and administrative expenses, which fell to $208.5 million from $209.9 million. This reduction was mainly due to decreased marketing expenditures and lower shipping and handling costs. The company’s net income for the fiscal year was $186.8 million, translating to earnings per share of $2.00, compared to $176.7 million and $1.89 per share in the prior year. The effective tax rate for the year was 23.6%, slightly higher than the previous year's 23.1%.

Strategically, National Beverage Corp. has focused on expanding its product offerings and enhancing its market presence. The company introduced new flavors under its LaCroix brand, including Sunshine and Strawberry Peach, which have been well-received by consumers. Additionally, the company has emphasized its commitment to healthier beverage options, aligning with consumer trends towards lower-calorie and naturally flavored products. The company continues to explore opportunities for geographic expansion, although its primary market remains the United States.

As of May 3, 2025, National Beverage Corp. employed approximately 1,681 individuals, with 384 covered by collective bargaining agreements. The company maintains a diverse workforce, with 59% identifying as persons of color and 25% as female. The company’s liquidity position remains strong, with $193.8 million in cash and cash equivalents, and it has no outstanding borrowings under its revolving credit facilities. Looking ahead, National Beverage Corp. anticipates continued growth driven by its innovative product development and marketing strategies, while also navigating the challenges posed by fluctuating raw material costs and competitive pressures in the beverage industry.