National Beverage quarterly net income rises 14% to record $57 million
National Beverage reported results for the first quarter ended July 27, 2024, with record net sales of $329 million and record net income of $57 million, up 14% from a year earlier. Diluted earnings per share rose to $0.61 from $0.53. The company also paid a $3.25 per share special cash dividend in July, a $304 million payment after which cash exceeded $77 million.
- Net sales rose to a record $329 million from $324 million a year earlier.
- Operating profit increased 10% to $70 million; net income increased 14% to a record $57 million.
- Diluted EPS was $0.61 versus $0.53; a $3.25 per share special cash dividend ($304 million) was paid in July, leaving cash above $77 million.