National Beverage Q2 operating income up 7% as net sales fall 3% to $291 million
National Beverage Corp. reported results for the second quarter and six months ended October 26, 2024. Second-quarter net sales fell 3% to $291 million, while operating income rose 7% to $58 million and earnings per share rose to $0.49 from $0.47. The mixed picture matters to shareholders because profit grew even as sales declined.
- Q2 net sales were $291 million, down from $300 million a year earlier, due to volume shortfalls in August and September
- Q2 operating income grew 7% to $58 million, and gross margin improved to 38% of net sales
- Q2 diluted EPS was $0.49 versus $0.47; six-month net income rose 10% to $102 million, or $1.09 per share
- Record storms in the Southeastern US caused supply-chain disruptions and multi-day customer store closures during the quarter