earnings
confidence high
sentiment negative
materiality 0.70
National Beverage Q1 net sales $318.1M, EPS $0.38; cites LaCroix volume pressure
NATIONAL BEVERAGE CORP
2023-Q1 EPS reported
$0.38
revenue$318,117,000
- Net sales $318.1M, net income $35.5M, EPS $0.38 for Q1 ended July 30, 2022.
- Cash grew to $56M after repaying $30M in debt during the quarter.
- LaCroix impacted by category volume declines and consumer trading-down behavior.
- Power+ brands had 23 years of prior revenue/volume growth; company expects normalized conditions.
- Over 17 years, paid $1.2B in dividends; shareholder return 750% vs S&P 500 196% since IPO.