National Beverage Corp. Reports Q3 and Nine-Month Results for Fiscal 2026

National Beverage Corp. reported its financial results for the third quarter and first nine months of fiscal 2026, revealing a slight decline in net sales but an increase in profitability. For the three months ended January 31, 2026, net sales decreased by 0.9% to $264.6 million, down from $267.1 million in the same period last year. The decline was attributed to a 4.8% decrease in case volume, which was partially offset by a 4.4% increase in the average selling price per case. Gross profit for the quarter rose to $99.6 million, resulting in a gross margin of 37.6%, up from 37.1% in the prior year, primarily due to the increase in average selling prices.

For the first nine months of fiscal 2026, net sales also decreased by 0.5% to $883.4 million compared to $887.7 million in the same period of fiscal 2025. Similar to the quarterly results, this decline was driven by a 4.9% decrease in case volume, although it was again offset by a 4.7% increase in average selling prices. Gross profit for the nine-month period increased to $334.3 million, with a gross margin improvement to 37.8% from 37.3%. Selling, general, and administrative expenses rose slightly to $154.3 million from $152.8 million, reflecting increased marketing and selling costs.

The company’s balance sheet showed significant improvements, with total assets increasing to $792.5 million as of January 31, 2026, compared to $672.9 million at the end of the previous fiscal year. Cash and cash equivalents rose to $314.0 million, up from $193.8 million, contributing to a current ratio of 4.4, compared to 2.9 previously. This increase in liquidity was primarily due to cash generated from operations, which totaled $135.7 million for the first nine months of fiscal 2026, although it was down from $146.6 million in the same period last year.

Operationally, National Beverage Corp. continues to focus on its core product lines, which include sparkling waters, juices, and energy drinks. The company has maintained its strategy of developing healthier beverage options in response to changing consumer preferences. The company’s distribution strategy remains primarily focused on the U.S. market, with some limited international distribution. As of January 31, 2026, the company had no outstanding borrowings under its $150 million credit facilities, indicating a strong liquidity position.

Looking ahead, National Beverage Corp. anticipates that its existing capital resources will be sufficient to meet liquidity and capital requirements for the next twelve months. The company is committed to continuing its focus on innovative product development and marketing strategies to adapt to consumer trends, while also managing costs effectively in a competitive market environment.