National Beverage (FIZZ) Q4 2024 earnings summary

Executive summary

• Achieved record fourth quarter and fiscal year-end results, with continued momentum in revenue and income growth driven by LaCroix and Rip It brands.

• Innovative flavors and packaging, including new LaCroix Mojito and Rip It energy flavors, contributed to brand growth.

Financial highlights

• Fourth quarter net sales rose $11 million to $297 million compared to the same quarter last year.

• Gross margin improved by 100 basis points to 36.7% of sales in the fourth quarter.

• Fourth quarter net income increased 20% to $44 million, or $0.47 per share.

• Fiscal year net sales increased $19 million to $1.2 billion year-over-year.

• Fiscal year net income grew 24% to $177 million, or $1.89 per share.

Outlook and guidance

• Backlog of innovative ideas and strong product pipeline set a positive tone for the upcoming year.