National Beverage Corp. net sales rise 10% in Q3 2021; LaCroix drives gains
Source National Beverage Corp.
Fort Lauderdale, FL-based National Beverage Corp. (Nasdaq: FIZZ) announced this week its best third quarter. For the third quarter of fiscal 2021, ended Jan. 30, the company reported net sales of $246 million, up 10% compared with previous year’s same quarter.
Additionally, National Beverage said its gross profit was $96 million, up 16.5%, and its net Income increased 38% to $37 million, compared with the third quarter of fiscal 2020. Earnings per share was $0.39 vs. $0.29
“In addition to being our all-time best winter quarter, our third quarter was our fifth consecutive quarter of year-over-year revenue and profit growth,” a company spokesperson said. “Led by LaCroix sparkling water, our Power+ portfolio volume grew 14%, and all our other major brands posted volume increases.”
National Beverage attributes pandemic-related stay-at-home measures to more consumers being introduced to its LaCroix sparkling water.
Click here to see the company’s full financial report.
Founded in 1985, National Beverage Corp. is focused on flavored soft drinks. Its brands include Shasta, Faygo, Rip It and Mr. Pure, along with Ohana Punch, Big shot, Crystal Bay and Cascadia Sparkling Clear, among others. NBC is ranked by Beverage Digest as the fifth-largest soft drink company in the United States.
