NASDAQ$FIZZ

National Beverage Corp · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

National Beverage Corp. reported first quarter revenues up.

National Beverage Corp. announced results for the first quarter of its 2023 fiscal year, with net sales increasing to $318.1 million and net income reaching $35.5 million. The company's earnings per share was reported as $0.38, and cash grew to $56 million after a $30 million debt repayment.

  • Net sales increased to $318.1 million.
  • Net income was $35.5 million.
  • Earnings per share was $0.38.
  • Cash grew to $56 million after $30 million of debt repayment.

Headline financials

Total Revenue

$318M

Previous: $312M+2.1%
EPS (adj)

$0.38

Previous: $0.58-34.5%
Capital Expenditures

-$2.61M

Previous: -$4.77M+45.3%
Free Cash Flow

$32.8M

Previous: $49M-33.0%
Net Income

$35.5M

Previous: $53.8M-34.1%
Operating Income

$46.5M

Previous: $70.3M-33.9%
Gross Profit

$99.4M

Previous: $125M-20.3%
Cash & Equivalents

$56.1M

Previous: $246M-77.2%
Total Assets

$456M

Previous: $613M-25.6%
Stock-Based Comp

$170K

Previous: $171K-0.6%

Revenue & EPS history

National Beverage · Revenue · Quarterly

$318M

Q1 2023+2.1%vs Q1 2022
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Forward guidance

National Beverage Corp. is committed to strengthening its focus to create long-term brand equity by upholding marketplace price discipline while remaining focused on managing margins and cash flows. The company believes that this philosophy, together with innovative strengths, have positioned National Beverage for long-term success and the ability to create appreciable shareholder value.

Tailwinds

  • Focus on creating long-term brand equity.
  • Upholding marketplace price discipline.
  • Focus on managing margins and cash flows.
  • Innovative strengths.
  • Positioned for long-term success.

Headwinds

  • LaCroix was impacted by the volume declines of the category
  • LaCroix was impacted by the apparent trading-down by consumers.
  • Compromised by factors never before witnessed.
  • Plan for the return of normalized marketplace conditions that promote pre-pandemic brand growth.
  • Presently, that goal is being compromised

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-0.4%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-1.0%

Avg return

30 days after

43%

28 / 65 earnings

Positive

+18.6%

Q3 2017

Best reaction

-13.7%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2026-0.2%-3.3%-3.1%
Q2 2026-2.9%-6.7%-5.3%
Q1 2026-2.9%-4.9%-8.0%
Q4 2025+0.7%-0.8%+6.0%
Q3 2025-1.7%-0.9%+6.8%
Q2 2025-6.9%-4.4%-13.5%
Q1 2025-2.3%-3.2%-1.7%
Q4 2024+13.1%+17.6%+11.3%
Q3 2024-2.5%-5.8%-3.0%
Q2 2024-4.6%+5.2%+5.3%
Q1 2024-1.4%+0.5%-3.1%
Q4 2023-1.2%+0.2%+7.4%
Q3 2023-0.4%+6.5%+8.5%
Q2 2023+1.7%+5.0%-8.4%
Q1 2023-7.5%-15.4%-23.1%
Q4 2022+1.7%+2.8%+12.5%
Q3 2022-9.2%-7.0%+5.4%
Q2 2022-8.1%-13.4%-14.7%
Q1 2022+13.9%+10.4%+19.0%
Q4 2021-4.1%-5.0%-5.1%
Q3 2021-8.7%-5.6%-13.8%
Q2 2021-4.1%-6.3%-6.1%
Q1 2021-4.8%-8.4%-2.7%
Q4 2020+4.8%+6.1%+5.1%
Q3 2020+4.5%+7.0%-2.1%
Q2 2020+9.1%+12.7%-2.7%
Q1 2020+0.2%+12.2%+20.3%
Q4 2019+2.1%+4.7%-1.3%
Q3 2019-13.7%-12.5%-14.3%
Q2 2019-1.0%-0.8%-14.0%
Q1 2019-2.6%+0.6%-10.9%
Q4 2018-3.8%-1.8%-5.2%
Q3 2018-8.4%-5.9%-10.0%
Q2 2018-7.5%-7.1%-10.6%
Q1 2018+1.9%+1.5%-9.2%
Q4 2017-4.1%-4.8%+2.9%
Q3 2017+18.6%+22.6%+41.3%
Q2 2017-5.1%+2.8%+1.3%
Q1 2017+6.0%+6.8%+6.4%
Q4 2016+2.1%+0.6%-7.1%
Q3 2016+8.5%
Q2 2016-0.2%
Q1 2016+2.6%
Q4 2015+1.9%
Q3 2015+6.8%
Q2 2015-3.8%
Q1 2015+6.5%
Q4 2014+2.7%
Q3 2014-1.5%
Q2 2014+4.9%
Q1 2014-3.7%
Q4 2013+0.8%
Q4 2010-3.9%
Q3 2013+3.5%
Q2 2013+0.5%
Q1 2013+4.0%
Q4 2012+1.9%
Q3 2011+0.6%
Q3 2012+0.6%
Q2 2012-1.5%
Q2 2011-1.5%
Q4 2011-4.7%
Q1 2011-4.7%
Q1 2012-4.7%
Q3 2010-1.4%

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