National Beverage (FIZZ) investor relations material

Executive summary

• Net sales for Q1 FY2027 were $330.7 million, nearly flat compared to $330.5 million in Q1 FY2026, as a 7.1% increase in average selling price offset a 6.4% decline in case volume.

• Net sales for the first quarter were $331 million, with earnings per share of $0.50.

• Gross profit declined to $115.8 million from $125.5 million year-over-year, with gross margin dropping to 35.0% from 38.0%, mainly due to higher packaging and ingredient costs, especially aluminum.

• Net income was $47.0 million, down from $55.8 million in the prior year quarter, with diluted EPS at $0.50 versus $0.60.

• A special cash dividend of $3.25 per share ($304.2 million total) was paid on July 30, 2026.

Financial highlights

• Operating income decreased to $58.5 million from $70.8 million year-over-year.

• Selling, general and administrative expenses rose to $57.3 million from $54.7 million, driven by higher shipping and marketing costs.

• Other income, net, increased to $3.2 million from $2.2 million, primarily due to higher interest income.

• Cash and cash equivalents fell to $107.1 million from $349.5 million at the start of the quarter, mainly due to the special dividend.

• Trailing twelve-month net sales reached $1.18 billion.

Outlook and guidance

• Management anticipates fiscal 2027 capital expenditures to be comparable to fiscal 2026, with ongoing packaging and efficiency projects.

• Management expects improving volume/mix and recent pricing actions to enhance future performance.

• The company is optimistic about resuming growth as market conditions stabilize.

• No material changes in market risks or risk factors were reported for the quarter.