National Beverage Corp.
| Revenue (TTM) | $1.18B |
| Gross Profit (TTM) | $427.59M |
| EBITDA | $241.41M |
| Operating Margin | 17.70% |
| Return on Equity | 40.10% |
| Return on Assets | 20.60% |
| Revenue/Share (TTM) | $12.61 |
| Book Value | $3.98 |
| Price-to-Book | 7.93 |
| Price-to-Sales (TTM) | 2.35 |
| EV/Revenue | 2.389 |
| EV/EBITDA | 11.68 |
| Quarterly Earnings Growth (YoY) | -16.10% |
| Quarterly Revenue Growth (YoY) | 0.00% |
| Shares Outstanding | $93.61M |
| Float | $23.68M |
| % Insiders | 74.64% |
| % Institutions | 26.97% |
Volatility is currently contracting
National Beverage Corp. reported Q1 2027 revenue of $330.7M, marking its first year-on-year growth since Q1 2026. Despite sequential revenue improvement, FIZZ's gross margin fell to 35% and EPS declined from $0.60 to $0.50. A $3.25/share special dividend reduced shareholder equity sharply, highlighting challenges for both income and capital appreciation investors.
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--National Beverage Corp. (NASDAQ: FIZZ) today announced results for its first quarter ended August 1, 2026. For the three months: Net sales were $331 million; Gross margin was 35%, reflecting the effects of elevated input costs; Earnings per share were $.50 and; Cash was $107 million after the payment of a $304 million special dividend ($3.25 per share) on July 30, 2026. “Our first quarter Net Sales were negatively impacted by consumer sentiment and tariff.
National Beverage faces stalled growth, with LaCroix volumes declining for four consecutive years and little buzz left in the brand. FIZZ trades at 9.5x EV/EBITDA and 14.5x earnings ex-cash, a logical valuation given muted growth prospects and the lack of a clear upside catalyst. Gross margins remain stable, and the balance sheet is cash-rich, yet management shows little sign of pursuing transformative financial engineering or a sale.
National Beverage Corp. stock surged after Q4 earnings, underlining soft market expectations and enthusiasm around a large dividend announcement. Industry trends have weakened National Beverage's performance. Tariffs, consumer weakness, and competitive concerns combine to pressure the company's earnings, especially Q4. National Beverage's announcement to pay out a significant dividend caused a stock surge, but for little reason, in my opinion.
National Beverage, the maker of LaCroix sparkling water, announced its 13th special dividend in 22 years, sending shares sharply higher despite mixed annual results.
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--National Beverage Corp. (NASDAQ: FIZZ) today announced its Board of Directors has declared a special cash dividend of $3.25 per share to shareholders of record on July 13, 2026 to be paid on or before July 30, 2026. “This special dividend marks the thirteenth cash payment to FIZZ holders in the past 22 years, distributing $19.78 per share, or over $1.8 billion. Thirteen special dividends in twenty-two years seems to have a regular cadence,” asserted a com.
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