National Beverage Corp. has recently released its 10-K report, detailing its operations and financial performance. The company, incorporated in Delaware, is known for its diverse portfolio of beverages, including sparkling waters, juices, energy drinks, and carbonated soft drinks, primarily targeting health-conscious consumers. The company's brands include LaCroix, Clear Fruit, Rip It, Everfresh, Shasta, and Faygo, with a focus on innovative product designs and flavors. National Beverage Corp. emphasizes its commitment to providing a 'Better for You' thirst quencher, catering to consumers' healthier lifestyle choices.
In the fiscal year ended May 3, 2025, National Beverage Corp. reported a 0.8% increase in net sales, totaling $1,201.4 million, driven by a 1.7% rise in average selling price per case and an additional selling week, partially offset by a 0.9% decrease in case volume. The gross profit for the same period increased to $443.9 million, with a gross margin of 37.0%, up from 36.0% in the previous year. Selling, general, and administrative expenses decreased to $208.5 million, representing 17.4% of net sales, down from 17.6% in the prior year.
The company's liquidity and financial condition are supported by existing cash and cash equivalents of $193.8 million and unsecured revolving credit facilities totaling $150 million, with no borrowings outstanding. However, National Beverage Corp. reported a decrease in working capital and current ratio, primarily due to the payment of a special cash dividend of $304.1 million. The company's cash position decreased by $133.2 million in fiscal 2025, mainly attributed to the dividend payment.
National Beverage Corp. also highlighted its strategic focus on innovation and responding to changing consumer trends, while acknowledging factors that affect its operating results, such as raw material costs, supply chain disruptions, and seasonal sales patterns. The company's forward-looking statements include an emphasis on the potential impact of economic conditions, pricing of competitive products, and the success of new product introductions.
The market has reacted to these announcements by moving the company's shares -0.38% to a price of $44.85. For the full picture, make sure to review NATIONAL BEVER's 10-K report.
