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National Beverage Corp. reported an 8% increase in net sales, a 16.4% increase in gross margin, and a 44% increase in net income for the quarter ended October 31, 2020.
Net sales increased by 8% to $272 million.
Gross margin increased by 16.4% to $108 million.
Operating profit increased from 16.6% to 22.7% of sales.
Net income increased by 44% to $47.2 million, or $1.01 per share.
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