National Beverage Corp.

FIZZ Consumer Defensive Q4 2025

National Beverage Corp. (NASDAQ: FIZZ) is a beverage company specializing in the production of flavored sparkling waters, with its flagship product being LaCroix. For the fourth quarter and fiscal year ended May 3, 2025, National Beverage reported a rise in net sales and profits.

In the fourth quarter, net sales increased by 5.5% to $314 million, compared to $297.3 million during the same quarter last year. Operating income rose by 8.6% to $57.5 million, up from $52.9 million. Net income for the quarter reached $44.8 million, compared to $43.7 million in the preceding year. Earnings per share increased to $0.48 from $0.47.

For the fiscal year, National Beverage’s net sales grew to $1.2 billion, a slight increase from $1.19 billion. The company saw a gross margin increase to 37.0% of sales. Operating income for the year was $235 million, up 7.8% from $218 million. Earnings per share for the fiscal year rose to $2.00, up from $1.89.

The fourth quarter and fiscal year results indicate steady performance, with net income and operating income showing upward trends. The operating margin and gross margin improvements further reflect the company’s financial health. The average common shares outstanding for the fourth quarter remained relatively stable, with 93,620 basic shares compared to 93,550 in the previous year.

The fourth quarter consisted of 14 weeks, while the fiscal year encompassed 53 weeks.