National Beverage quarterly net sales hit record $270 million; EPS rose 14% to $.42
National Beverage Corp. reported results for its third quarter ended January 27, 2024, with net sales of $270 million, up from $268 million a year earlier, and net income of $39.6 million, up from $34.4 million. Diluted earnings per share rose 14% to $.42, and operating income reached a record $48 million, which shows higher profit on nearly flat sales for shareholders.
- Net sales rose to $270.1 million for the quarter, compared with $268.5 million a year earlier, a company record
- Net income was $39.6 million, up from $34.4 million; diluted EPS was $.42 versus $.37
- Gross profit reached $97 million, with gross margin at 36% of sales; cash grew to $277 million