National Beverage Q1 2023 Earnings Report
Key Takeaways
National Beverage Corp. announced results for the first quarter of its 2023 fiscal year, with net sales increasing to $318.1 million and net income reaching $35.5 million. The company's earnings per share was reported as $0.38, and cash grew to $56 million after a $30 million debt repayment.
Net sales increased to $318.1 million.
Net income was $35.5 million.
Earnings per share was $0.38.
Cash grew to $56 million after $30 million of debt repayment.
National Beverage
National Beverage
Forward Guidance
National Beverage Corp. is committed to strengthening its focus to create long-term brand equity by upholding marketplace price discipline while remaining focused on managing margins and cash flows. The company believes that this philosophy, together with innovative strengths, have positioned National Beverage for long-term success and the ability to create appreciable shareholder value.
Positive Outlook
- Focus on creating long-term brand equity.
- Upholding marketplace price discipline.
- Focus on managing margins and cash flows.
- Innovative strengths.
- Positioned for long-term success.
Challenges Ahead
- LaCroix was impacted by the volume declines of the category
- LaCroix was impacted by the apparent trading-down by consumers.
- Compromised by factors never before witnessed.
- Plan for the return of normalized marketplace conditions that promote pre-pandemic brand growth.
- Presently, that goal is being compromised