National Beverage posts record Q2 sales of $300 million; EPS rises 21% to $0.47
National Beverage reported record second-quarter net sales of $300.1 million for the three months ended October 28, 2023, up from $299.6 million a year earlier. Quarterly net income rose to $43.8 million from $36.0 million, and earnings per share increased 21% to $0.47, showing profit growth on a flat sales base for shareholders.
- Q2 net sales of $300.1 million versus $299.6 million in the prior-year quarter
- Q2 net income of $43.8 million versus $36.0 million; EPS of $0.47 versus $0.39
- Gross margin improved 250 basis points to 36% of net sales in the quarter
- Six-month net income of $93.4 million, or $1.00 per share, versus $71.5 million and $0.76 diluted a year earlier