NASDAQ$FIZZ

National Beverage Corp · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Reported increased earnings and margin improvements despite challenges.

National Beverage Corp. reported increased earnings and margin improvements for the second quarter ended October 26, 2024, despite facing headwinds such as changes in consumer shopping habits and reduced purchasing power. Net sales declined 3% due to volume shortfalls in August and September, but the company is optimistic about future growth prospects due to increased volume for October and improved consumer confidence.

  • Net sales were $291 million.
  • Gross margin improved to 38% of net sales.
  • Operating income grew 7% to $58 million.
  • Earnings per share increased to $0.49 from $0.47.

Headline financials

Total Revenue

$291M

Previous: $300M-3.0%
EPS

$0.49

Previous: $0.47+4.3%
Net Sales Decline

$291M

No prior period
EPS Growth

$0.49

No prior period
Capital Expenditures

-$10.6M

Previous: -$12.8M+16.8%
Free Cash Flow

$35M

Previous: $31M+12.9%
Net Income

$45.6M

Previous: $43.8M+4.2%
Operating Income

$57.9M

Previous: $54.3M+6.6%
Gross Profit

$109M

Previous: $108M+1.4%
Stock-Based Comp

$151K

Previous: $170K-11.2%

Revenue & EPS history

National Beverage · Revenue · Quarterly

$291M

Q2 2025-3%vs Q2 2024
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Forward guidance

National Beverage is well-positioned to manage near-term challenges and deliver long-term performance due to its strong balance sheet and entrepreneurial management focus.

Tailwinds

  • Optimistic about future growth prospects due to increased volume for October.
  • Consumer confidence showing recent improvement.
  • Innovation continues to be the cornerstone of their strategy.
  • LaCroix's newest product, Strawberry Peach, has received an exceptionally positive consumer response.
  • Expanded in-store merchandising teams and increased staff of in-store sampling ambassadors.

Headwinds

  • Changes in consumer shopping habits.
  • Reduced purchasing power affected many consumer products.
  • Second quarter net sales declined 3% due to volume shortfalls in August and September.
  • Record-setting storms caused supply-chain disruptions.
  • Numerous multi-day store closures by customers due to storms.

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 Q2 2025

Historical avgQ2 2025

-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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