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Aug 01, 2020
National Beverage Q1 2021 Earnings Report
Reported best ever quarter with record sales and gross profit.
Key Takeaways
National Beverage Corp. reported impressive first-quarter results with record net sales of $293 million, a 11.3% increase from last year, and a record gross profit of $117 million, a 21.4% increase from the prior year. Net income increased to $51 million, and earnings per share increased to $1.10. Cash at quarter-end was $353 million.
Net sales reached $293 million, the highest quarterly sales in the company's history, up 11.3% year-over-year.
Gross profit was a record $117 million, a 21.4% increase from the prior year.
Net income increased $17 million to $51 million.
Earnings per share increased 49% to $1.10.
National Beverage
National Beverage
Forward Guidance
National Beverage begins fiscal year 2021 with more purpose, passion, and determination, protecting its balance sheet, cash flow, and shareholder equity.
Positive Outlook
- Brands are positioned to challenge competitive pressures in today’s health-conscious environment.
- Developing flavors new to the category that are far reaching in sensory, elegant in name, extraordinary in taste and capture the very soul of the consumer.
- Innovative needle moving high on the scale.
- Palate preference defines the ultimate choice.
- LaCroix is and will remain the leader.