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National Beverage (FIZZ) investor relations material
National Beverage Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for Q2 FY26 decreased 1.0% year-over-year to $288.3 million, driven by a 6.0% decline in case volume, partially offset by a 5.3% increase in average selling price per case.
Operating income for Q2 FY26 was $58.0 million, up marginally from $57.9 million year-over-year.
Net income for the quarter was $46.4 million, up slightly from $45.6 million in the prior year.
Cash and cash equivalents increased to $269.3 million as of November 1, 2025, from $193.8 million at the start of the period, with a $156 million increase over the trailing twelve months.
Fundamentals remain strong, supported by unique brands, retailer relationships, and consumer loyalty.
Financial highlights
Gross profit was $109.2 million, with gross margin rising to 37.9% from 37.6% due to higher selling prices, despite increased costs and lower volume.
Diluted EPS for the quarter was $0.49, unchanged from the prior year; basic EPS was $0.50.
Trailing twelve-month net sales reached $1.2 billion, with EBITDA up 63 basis points to $258 million and EPS at $1.99.
Working capital rose to $376.7 million, with a current ratio of 4.3:1.
No debt outstanding under $150 million in credit facilities.
Outlook and guidance
Management expects capital expenditures for FY26 to not exceed FY25 levels.
Existing capital resources are considered sufficient to meet liquidity and capital requirements for the next twelve months.
Management notes resilience despite inflation, commodity costs, tariffs, and a federal government shutdown impacting consumer behavior.
New LaCroix Pineapple Coconut flavor to launch in early 2026, aiming to leverage health and wellness trends.
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