National Beverage 2026 Q1 Earnings Slight Revenue Growth, Net Income Declines 1.8%

National Beverage (FIZZ) reported its fiscal 2026 Q1 earnings on September 11, 2025. The company posted modest revenue growth but a decline in earnings, with net income dropping by 1.8% compared to the prior year. While the results were largely in line with expectations, the company emphasized strong operational resilience and long-term brand strength in its messaging.

National Beverage reported total revenue of $330.51 million for Q1 2026, a slight 0.3% increase from $329.47 million in the same period of the previous year. The company did not disclose specific segment performance details in this quarter's report, focusing instead on overall revenue trends.

The company's earnings per share (EPS) declined to $0.60 in Q1 2026, a 1.6% drop from $0.61 in Q1 2025. Net income also fell to $55.76 million in Q1 2026, down 1.8% from $56.78 million in the prior-year period. Despite the earnings contraction, National Beverage has maintained profitability for over two decades in this fiscal quarter, highlighting its operational resilience.

Revenue
Total revenue for National Beverage rose by 0.3% to $330.51 million in Q1 2026, compared to $329.47 million in Q1 2025.

Earnings/Net Income
Earnings per share (EPS) for National Beverage dropped to $0.60 in Q1 2026 from $0.61 in Q1 2025, a 1.6% decline. Net income also fell to $55.76 million, a 1.8% decrease from $56.78 million in the same period the previous year. Despite the modest earnings decline, the company has maintained consistent profitability for more than 20 years, demonstrating strong operational resilience. The EPS decline, however, reflects ongoing margin pressures.

Price Action
The stock price of National Beverage edged up 2.80% during the latest trading day but declined 2.37% during the most recent full trading week. Over the past month, the stock has tumbled 12.47%, signaling mixed investor sentiment following the earnings release.

Post-Earnings Price Action Review
The post-earnings price movement suggests a cautious investor reaction, with a significant month-to-date decline of 12.47% despite a slight one-day gain. The stock’s short-term volatility highlights uncertainty around the company’s ability to sustain its growth trajectory amid competitive pressures. While the CEO expressed confidence in long-term strategies, the market appears to be weighing the earnings performance and forward guidance closely.

CEO Commentary
CEO John A. Battagliese highlighted National Beverage’s strong performance in Q1 2026, emphasizing consistent brand growth and favorable market conditions. He credited the enduring popularity of the company’s core brands and innovation in product offerings for the quarter’s results. Battagliese acknowledged competitive pressures in the beverage industry but expressed confidence in the company’s ability to maintain its market position through quality, customer relationships, and operational efficiency. He reiterated a long-term, strategic approach to brand development and market expansion, underscoring a disciplined and value-driven approach to growth.

Guidance
The company did not provide specific forward-looking guidance in this earnings report, but the CEO expressed confidence in the ability to build on current performance through disciplined execution and strategic brand investments.

Additional News
Recent Nigerian news includes a significant political development as the Lagos State Police Command revealed that the self-acclaimed "Obi of Lagos," Chibuike Azubike, admitted that his installation was part of a fraud scheme. In another political update, the Independent National Electoral Commission (INEC) shortlisted 14 new party applicants while disqualifying 157, ahead of the 2027 elections. On the economic front, the Dangote Refinery clarified that union membership is voluntary and not compulsory for its employees, following a clash with the National Union of Petroleum and Natural Gas Workers (NUPENG) over a failed agreement for tanker drivers. These developments reflect the broader business and political climate in Nigeria, where legal, labor, and electoral issues continue to shape the environment.