National Beverage (FIZZ) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 FY2025 increased 1.6% year-over-year to $329.5 million, reaching a record high, driven by a 0.7% rise in case volume and a 0.7% increase in average selling price per case.

• Net income grew 14.4% to $56.8 million, with diluted EPS at $0.61 compared to $0.53 in the prior year quarter.

• Operating income increased to $69.5 million from $63.1 million year-over-year.

• Launched new Strawberry Peach flavor, receiving strong consumer response.

• A special cash dividend of $3.25 per share ($304.1 million) was paid in July 2024, significantly reducing cash and working capital.

Financial highlights

• Net sales for the quarter were $329.5 million, up from $324.2 million in the prior year.

• Net income for the quarter was $56.8 million, up from $49.6 million year-over-year.

• Trailing twelve-month net sales reached $1.20 billion, up from $1.18 billion.

• Trailing twelve-month net income was $183.9 million, up from $156.3 million.

• Cash and cash equivalents fell to $77.0 million from $327.0 million at the prior quarter-end, mainly due to the special dividend.

Outlook and guidance

• Management expects existing capital resources and credit facilities to be sufficient for liquidity and capital needs over the next twelve months.

• Fiscal 2025 capital expenditures are projected to be $25–$30 million for production capacity and efficiency improvements.

• Strong consumer response to new product launches expected to support future growth.

• Company remains dedicated to delivering innovative products and exceptional value to shareholders.