Loading...
•
Jul 29, 2023
National Beverage Q1 2024 Earnings Report
Reported robust earnings on record revenues.
Key Takeaways
National Beverage Corp. reported a strong first quarter with record net sales and increased operating profit and earnings per share. Net sales reached a record $324 million, operating profit increased by 36% to $63 million, and earnings per share rose by 39% to $0.53.
Net sales increased to a record $324 million.
Operating profit increased 36% to $63 million.
Earnings per share increased 39% to $0.53.
Cash generated by operations increased $30 million to $70 million.
Forward Guidance
National Beverage Corp. is optimistic that its entrepreneurial philosophy, brand equity, and proven innovation will continue to deliver superior returns.
Positive Outlook
- Company achieved ninth consecutive quarter of record sales.
- Margins continued to improve as a result of price increases and easing of raw material price pressures.
- Gross profit per case increased.
- Company is focused on unique innovation and broader brand distribution.
- Marketing and social media programs are designed to increase household consumption, velocity, brand awareness and market share.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...