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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.
National Beverage
National Beverage
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.