National Beverage Q4 Net Sales Hit Record $287 Million; Net Income Up 6%
National Beverage reported results for the fourth quarter and fiscal year ended April 29, 2023. Fourth-quarter net sales rose to a record $287 million and net income increased 6% to $36 million, while fiscal-year net sales reached a record $1.2 billion with net income of $142 million. Both headline measures improved over the prior year, and the company said gross margin grew to 36% of sales.
- Q4 net sales $286.7 million vs. $284.2 million a year earlier; net income $36.3 million vs. $34.3 million
- Fiscal-year net sales increased $35 million to a record $1.2 billion; net income $142 million; diluted EPS $1.52
- Fiscal-year net cash from operations was $162 million