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Jan 27, 2024
National Beverage Q3 2024 Earnings Report
Reported record sales and increased profitability.
Key Takeaways
National Beverage Corp. announced record net sales of $270 million for the third quarter ended January 27, 2024. Gross profit reached an all-time high, and operating income also improved. Earnings per share increased by 14%.
Net sales increased to a record $270 million.
Gross profit grew to an all-time high of $97 million, with a gross profit margin of 36%.
Operating income rose to a record $48 million, with a margin improvement of 120 bps.
Earnings per share increased 14% to $0.42.
National Beverage
National Beverage
Forward Guidance
The company expressed confidence in its future performance, citing its health-focused strategy and commitment to innovation.
Positive Outlook
- Company continues to deliver strong double-digit earnings growth.
- Company continues to expand operating margins.
- Team continues to innovate and introduce products across the portfolio to delight consumers.
- Health has been and will long continue to be a tailwind for consumers.
- Beverages are primarily packaged in cans, the preeminent choice for recyclability and sustainability.
Challenges Ahead
- Forward-looking statements involve risks, uncertainties and other factors described in the Company's Securities and Exchange Commission filings.
- Company disclaims an obligation to update or announce revisions to any forward-looking statements.
- The company faces tough competition from the top three beverage companies in the world.
- The fund manager questioned if the company will continue receiving the returns it had enjoyed in the past.
- The company has rejected the approach of extending their brands or launching products containing caffeine or alcohol.