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Jan 28, 2023
National Beverage Q3 2023 Earnings Report
Reported impressive third quarter revenues and margin improvement.
Key Takeaways
National Beverage Corp. announced strong third-quarter results with increased net sales, gross profit, and earnings per share. The company's focus on margin management, solid cash flows, and brand innovation contributed to its performance.
Net sales increased to $268 million, marking the highest third-quarter sales.
Gross profit reached $95 million, representing 35% of sales and the second-highest in the company's history.
Net income amounted to $34 million.
Earnings per share increased by 12% to $0.37.
National Beverage
National Beverage
Forward Guidance
National Beverage anticipates continuing improvements in gross margins due to recent volume trends and a more stable operating environment. The company plans to promote new flavors and packaging through social media, in-store merchandising, and influencer sponsorships.
Positive Outlook
- Enthusiasm and optimism for continuing improvements in gross margins.
- New packages for LaCroix variety packs designed for club stores.
- New ZERO Sugar flavorings for Shasta products.
- Social media promotion.
- In-store merchandising.
Challenges Ahead
- Forward-looking statements involve risks and uncertainties.
- Actual results may differ from expectations.
- Changing consumer environment.
- Higher costs.
- Reliance on volume trends.