FIZZ Filings — National Beverage Corp. - FilingSpy
FIZZ
National Beverage Corp.
A beverage maker behind a stable of familiar drinks, National Beverage Corp. produces the fizzy sparkling waters of LaCroix along with Shasta sodas, Rip It energy drinks, and Everfresh juices sold in stores across the country. Its chief executive Nick Caporella created the company in 1985 as a defensive shell to shield his telecom firm from a hostile takeover, and later acquired the LaCroix brand, which a Wisconsin brewery launched in 1980 as an "anti-Perrier." The water's name is a play on La Crosse and the nearby St. Croix River, and it's pronounced "la-croy."
National Beverage Corp. reports Q2 net sales of $288M and EPS of $0.50 for period ended Nov 1, 2025
For the three months ended November 1, 2025, net sales were $288 million, operating income increased to $58 million, and basic earnings per share increased to $0.50.
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For the trailing twelve months, net sales increased to $1.2 billion, EBITDA increased 63 basis points to $258 million, earnings per share were $1.99, and cash increased $156 million to $269 million.
The company attributed a modest decline in net sales to inflation, elevated commodity costs, tariffs, and the recent federal government shutdown, but noted price/mix improvements led to higher operating profit and net income.
During the second quarter, the company repurchased 20,000 FIZZ shares prior to its quarterly blackout period.
The company plans to introduce a new LaCroix flavor, Pineapple Coconut, in early 2026.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
National Beverage Corp. announces commencement of stock buyback on October 30, 2025
National Beverage Corp. (NASDAQ: FIZZ) began open market purchases of its common stock under its previously announced share buyback program.
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The company cited geopolitical headwinds, including the government shutdown, SNAP funding, tariffs, and reduced consumer purchasing, as impacting the beverage sector.
The company stated it believes these headwinds are temporary and that its fortress balance sheet and cash flow enable capital deployment opportunities.
The press release was issued on October 30, 2025, and the 8-K was filed on October 31, 2025.
The report was filed under Item 8.01 (Other Events) and includes Exhibit 99.1, the press release.
8.01 Other Events · 9.01 Financial Statements and Exhibits
National Beverage Corp. director Cecil D. Conlee to retire from board; two Class II directors elected at annual meeting.
Cecil D. Conlee, a board member since 2009, notified the board on August 25, 2025, that he would not stand for reelection and would retire effective as of the Annual Meeting.
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At the October 3, 2025 Annual Meeting, shareholders voted on the election of two Class II Directors for three-year terms.
Stanley M. Sheridan was re-elected as a Class II Director with 83,106,244 votes for and 7,115,966 votes withheld.
Glenn J. Waldman was elected as a Class II Director with 90,079,258 votes for and 142,952 votes withheld.
There were no broker non-votes on the director election matter.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders
National Beverage Corp. reports Q3 FY2025 net sales of $267M and EPS of $0.42
For the three months ended January 25, 2025, net sales were $267 million, operating profit increased 5% to $51 million, and earnings per share were $0.42.
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For the trailing twelve months ended January 25, 2025, net sales increased to $1.2 billion, operating profit rose 8% to $231 million, and net income increased 10% to $186 million.
Trailing twelve months earnings per share increased $0.18 to $1.99 (basic) and $1.98 (diluted).
The company cited adverse impacts from Southern California fires and severe winter weather in the Midwest and Northeast on third-quarter volumes.
The press release includes forward-looking statements and disclaims an obligation to update them.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits