Loading...
•
Oct 29, 2022
National Beverage Q2 2023 Earnings Report
Reported highest second quarter sales and affirmed commendable performance.
Key Takeaways
National Beverage Corp. announced its second-quarter results, achieving its highest second-quarter net sales of $300 million. Net income reached $36 million, with earnings per share at $0.39. The company highlighted its ability to outperform in adverse conditions and emphasized its focus on innovation and cost control.
Net sales increased to $300 million, marking the highest second quarter in the company's history.
Net income reached $36 million for the quarter.
Earnings per share (EPS) was reported at $0.39.
Cash grew to $93 million.
National Beverage
National Beverage
Forward Guidance
National Beverage Corp. expressed gratitude to consumers, retail partners, shareholders, and its team, emphasizing its ability to innovate and create new flavors. The company highlighted its expansion possibilities in Canada and Mexico, along with opportunities arising from U.S. retailers expanding internationally. National Beverage aims to continue innovating and delivering unique taste and packaging to excite retailers and consumers.
Positive Outlook
- LaCroix brand developed and created a unique flavor that rapidly became our leading growth flavor in America.
- Second quarter revenues are the highest in our history.
- Sequential margin growth further confirms that focus and diligence.
- Canada and Mexico are areas of continued growth.
- Significant U.S. retailers have expanded into Mexico and Europe, thus creating an opportunity for our international expansion.