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FORT LAUDERDALE, Fla. - National Beverage Corp. (NASDAQ:FIZZ) reported third quarter earnings that missed analyst expectations, as revenue declined amid challenging winter weather and wildfires in key markets.
The beverage maker posted earnings per share of $0.42 for the quarter ended January 25, 2025, falling short of the $0.43 analyst estimate. Revenue came in at $267 million, below the consensus forecast of $276.82 million and down 1.1% YoY from $270.07 million.
National Beverage cited severe winter weather in the Midwest and Northeast, as well as Southern California wildfires, as factors that negatively impacted sales volumes in its largest markets during the quarter.
"Historically, our performance in the third quarter has been challenging given the unknown predictability of winter weather patterns," a company spokesperson stated.
Despite the quarterly setback, National Beverage reported positive results for the trailing twelve months, with net sales rising to $1.2 billion and net income increasing 10% to $186 million. Operating profit for the 12-month period grew 8% to $231 million.
The company highlighted its ongoing marketing initiatives to boost brand awareness, including in-store displays, consumer engagements, and sports sponsorships. National Beverage also teased a potential innovation for the sparkling water category being tested at a trade show, calling it a possible "game changer."
As of January 25, National Beverage held $149 million in cash on its balance sheet. The company did not provide specific forward guidance in its earnings release.
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