National Beverage Posts $41.2M Net Income in Q3 2026, Up 4% Year-Over-Year

National Beverage Corp. (NASDAQ: FIZZ), a beverage manufacturing company, reported net income of $41.2 million for the quarter ending January 31, 2026, compared to $39.6 million in the prior-year period. Revenue slipped 0.9% to $264.6 million from $267.1 million a year earlier. Read more earnings reports.

For the nine months ending January 31, 2026, the company posted net income of $143.3 million on revenue of $883.4 million, compared to net income of $142.1 million on revenue of $887.7 million for the same period in fiscal 2025. Operating income for the nine-month period rose to $180.0 million from $178.0 million.

Gross profit in the third quarter improved to $99.6 million from $98.9 million, while operating income increased to $51.1 million from $50.6 million. The company's gross margin expanded slightly as cost of revenue declined faster than sales, falling to $165.0 million from $168.1 million.

National Beverage's balance sheet showed total assets of $792.5 million as of January 31, 2026, up from $672.9 million at the end of fiscal 2025. Cash and cash equivalents surged 62% to $314.0 million from $193.8 million. The company's cash position benefited from $135.7 million in operating cash flow during the nine-month period.

Total liabilities decreased to $201.4 million from $228.9 million, while stockholders' equity jumped to $591.1 million from $444.0 million. Current liabilities fell to $122.1 million from $140.5 million, with accounts payable dropping to $66.9 million from $82.4 million.

Inventory levels rose to $96.1 million from $85.1 million, while accounts receivable declined to $97.4 million from $104.2 million. The company's property, plant, and equipment remained relatively stable at $174.4 million compared to $175.6 million.

Earnings per share on a diluted basis reached $0.44 for the third quarter, up from $0.42 in the prior-year quarter. For the nine-month period, diluted EPS came in at $1.53 versus $1.52 a year earlier. The company had 93.6 million weighted average diluted shares outstanding.

Cash from investing activities totaled negative $15.2 million for the nine-month period, compared to negative $20.8 million in the prior year. Cash from financing activities was negative $0.4 million, a sharp improvement from negative $303.6 million in the prior-year period, when the company returned significant capital to shareholders.

The company's selling, general, and administrative expenses increased slightly to $48.5 million in the third quarter from $48.4 million, while rising to $154.3 million from $152.8 million for the nine-month period. Income tax expense for the quarter was $12.7 million compared to $12.3 million.