National Beverage reports record fourth-quarter sales; net income rises 20%
National Beverage reported results for the fourth quarter and fiscal year ended April 27, 2024. Fourth-quarter net sales rose $11 million to $297 million, and net income rose 20% to $44 million, or $.47 per share, with both figures described as fourth-quarter records. For the full year, net income rose 24% to $177 million, or $1.89 per share, on net sales of $1.2 billion, which means higher per-share earnings for shareholders; the filing gives no forward guidance.
- Fourth-quarter net sales rose $11 million to $297 million, and gross margin grew 100 bps to 36.7% of sales.
- Fourth-quarter net income rose 20% to $44 million, or $.47 per share, versus $.39 a year earlier.
- Fiscal year net income rose 24% to $177 million, or $1.89 per share, versus $1.52 a year earlier.
- Cash increased $169 million to $327 million for the fiscal year.