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Apr 29, 2023
National Beverage Q4 2023 Earnings Report
Reported strong Q4 and FY 2023 results with continued margin growth.
Key Takeaways
National Beverage Corp. reported a record $287 million in net sales for the fourth quarter, with gross margins growing 130 bps to 36% of sales. Net income increased by 6% to $36 million, and earnings per share increased to $0.39.
Net sales increased to a record $287 million.
Gross margins grew 130 bps to 36% of sales.
Net income increased 6% to $36 million.
Earnings per share increased to $0.39.
National Beverage
National Beverage
Forward Guidance
National Beverage is positioned to capitalize on the health-oriented market with its assets and innovation, focusing on healthy consumption and consumer anticipation for new products.
Positive Outlook
- National Beverage is in the right place at the right time with the right assets to significantly apply energy to the progression toward a health-oriented correction mode.
- Innovation extends beyond flavors and packaging, exciting consumers with anticipation of 'what's next' from LaCroix.
- New packaging of LaCroix variety packs are designed for the club store market.
- Shasta launched three reformulated Zero Sugar flavors: Tiki Punch, California Dreamin’, and Mountain Rush.
- Special summer campaigns are in place to promote beverages, including social media, in-store merchandising, and podcast sponsorship.