National Beverage (FIZZ) Q4 2025 earnings summary

Executive summary

• Fourth quarter net sales rose 5.5% to $314 million, with operating income up 8.6% and net income at $44.8 million.

• Fiscal year net sales reached $1.2 billion, with operating income up 7.8% to $235 million and EPS at $2.00.

• Both Power+ Brands and carbonated soft drinks saw volume increases, driven by new LaCroix flavors.

• Marketing initiatives included a LaCroix Summer bus tour and partnerships with professional sports teams.

• The company expresses optimism for the new fiscal year, citing brand innovation and consumer resilience.

Financial highlights

• Fourth quarter net sales: $313.6 million vs. $297.3 million year-over-year.

• Fourth quarter net income: $44.8 million vs. $43.7 million year-over-year.

• Fiscal year net sales: $1.2 billion vs. $1.19 billion year-over-year.

• Fiscal year net income: $186.8 million vs. $176.7 million year-over-year.

• Gross margin for the year increased to 37.0% of sales.

Outlook and guidance

• The company begins the new fiscal year with optimism, expecting continued growth from innovative brands.

• Management highlights a focus on long-term operational strategy and consumer health trends.