NATIONAL BEVERAGE CORP

Listed Company

FIZZCIK 0000069891NasdaqLarge AcceleratedBottled & Canned Soft Drinks & Carbonated WatersDelawareFY ends May 2

Period

FY 2025

Revenue

$1.20B

Net Income

$186.82M

Total Assets

$672.86M

Equity

$444.00M

Shares Out

93.63M

Op. Cash Flow

$206.70M

Business

NATIONAL BEVERAGE CORP innovatively refreshes consumers with a portfolio of sparkling waters, juices, energy drinks and, to a lesser extent, carbonated soft drinks. It offers branded beverages and related packaging, flavor and concentrate development, manufacturing, marketing and promotional services across brands such as LaCroix, Clear Fruit, Rip It, Everfresh, Mr. Pure, Shasta and Faygo. The company organizes its business into Power+ Brands (sparkling water, energy drinks and juices) and carbonated soft drink operations, supported by vertically integrated production, R&D and sales functions. Its products are sold primarily in the United States and, to a limited extent, internationally through take-home, convenience and food-service channels using warehouse and direct-store delivery, mass merchandisers, club stores, grocery, drug, dollar and e-commerce retailers.

Summary from filing dated 2025-07-02

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Net sales	1,201	1,192	1,173	1,138	1,072
Cost of sales	757	763	776	720	651
Gross profit	444	428	397	418	422
Selling, general and administrative expenses	208	210	210	210	194
Operating income	235	219	187	208	228
Other income (expense), net	9	11	−242,000	−260,000	312,000
Income before income taxes	245	230	186	208	228
Provision for income taxes	58	53	44	49	54
Net income	187	177	142	159	174
Basic (in dollars per share)	2	1.89	1.52	1.7	1.87
Diluted (in dollars per share)	1.99	1.89	1.52	1.69	1.86
Basic (in shares)	94	93	93	93	93
Diluted (in shares)	94	94	94	94	94

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Cash and cash equivalents	194	327	158	48	194
Trade receivables, net	104	103	105	94	86
Inventories	85	85	94	103	71
Prepaid Expense and Other Assets, Current	24	22	10	30	13
Total current assets	407	537	366	275	365
Property, plant and equipment, net	176	160	148	144	131
Operating lease right-of-use assets, net	70	53	40	29	42
Goodwill	13	13	13	13	13
Intangible assets	2	2	2	2	2
Other assets	5	5	5	5	5
Total assets	673	770	574	468	557
Accounts payable	82	78	85	95	89
Accrued Liabilities, Current	44	47	47	39	44
Operating lease liabilities	15	13	12	11	15
Total current liabilities	141	138	144	145	147
Deferred income taxes net	23	23	20	24	17
Operating lease liabilities	58	42	30	21	29
Other liabilities	8	8	8	9	8
Total liabilities	229	211	202	228	201
Commitments and contingencies	—	—	—	—	—
Preferred stock, $1 par value - 1,000,000 shares authorized Series C - 150,000 shares issued	150,000	150,000	150,000	150,000	150,000
Common stock, $.01 par value - 200,000,000 shares authorized; 101,994,358 and 101,942,658 shares issued, respectively	1	1	1	1	1
Additional paid-in capital	44	43	40	39	38
Retained earnings	418	535	358	216	338
Accumulated other comprehensive income	6	5	−3	7	3
Common stock, value	−19	−19	−19	−19	—
Total shareholders' equity	444	560	372	239	356
Total liabilities and shareholders' equity	673	770	574	468	557

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Depreciation and amortization	21	20	20	19	18
Non-cash operating lease expense	15	14	13	13	13
Deferred income taxes	−449,000	907,000	−821,000	5	−132,000
Stock-based compensation expense	606,000	881,000	677,000	695,000	462,000
Other, net	880,000	12,000	141,000	—	—
Trade receivables	−1	2	−11	−7	−2
Inventories	−506,000	9	10	−32	−8
Prepaid and other assets	−521,000	−8	8	−14	35,000
Accounts payable	4	−7	−10	7	14
Accrued and other liabilities	−4	4	3	−4	−5
Operating lease liabilities	−14	−15	−13	−13	−1
Net cash provided by operating activities	207	198	162	133	194
Purchases of property, plant and equipment	−36	−30	−22	−29	−25
Proceeds from sale of property, plant and equipment	6,000	52,000	27,000	11,000	6,000
Net cash used in investing activities	−36	−30	−22	−29	−25
Repayments of Loan Facility	0	0	−30	−20	0
Dividends paid on common stock	−304	0	0	−280	−280
Proceeds from exercises of stock options	500,000	1	300,000	300,000	491,000
Net cash (used in) provided by financing activities	−304	1	−30	−250	−279
Net (Decrease) Increase in Cash and Cash Equivalents	−133	169	110	−146	−111
Interest paid	116,000	228,000	315,000	371,000	148,000
Income taxes paid	56	56	38	52	63
Right-of- use assets obtained in exchange for lease liabilities	31	28	23	6	—

Filings

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