National Beverage 2026 Q2 Earnings Net Income Grows 1.6% Despite Revenue Decline

National Beverage (FIZZ) reported fiscal 2026 Q2 earnings on Dec 11th, 2025, with revenue declining 1.0% year-over-year to $288.33 million. While earnings per share (EPS) rose 2.0% to $0.50, the results missed estimates, and management acknowledged macroeconomic headwinds.

Revenue

The total revenue of National Beverage decreased by 1.0% to $288.33 million in 2026 Q2, down from $291.20 million in 2025 Q2.

Earnings/Net Income

National Beverage's EPS rose 2.0% to $0.50 in 2026 Q2 from $0.49 in 2025 Q2, marking continued earnings growth. Meanwhile, the company's profitability strengthened with net income of $46.36 million in 2026 Q2, marking 1.6% growth from $45.64 million in 2025 Q2. Remarkably, the company has sustained profitability for more than 20 years over the corresponding fiscal quarter, underscoring strong operational resilience. The earnings growth reflects disciplined cost management and pricing strategies, despite the revenue contraction.

Price Action

The stock price of National Beverage has edged down 2.18% during the latest trading day, has edged up 0.63% during the most recent full trading week, and has climbed 6.55% month-to-date.

Post-Earnings Price Action Review

Following the earnings release, National Beverage’s stock experienced mixed short-term price movements. Shares fell 2.18% in the latest trading day, likely reflecting investor caution amid the revenue miss and macroeconomic concerns. However, the stock rebounded modestly, gaining 0.63% over the subsequent five trading days, suggesting some stabilization in market sentiment. Over the past 30 days, the stock surged 6.55%, outperforming broader market trends and indicating underlying confidence in the company’s long-term fundamentals. Analysts attribute the monthly gains to strategic initiatives, including new product launches and cost optimization, which offset near-term headwinds.

CEO Commentary

National Beverage’s CEO highlighted the company’s ability to maintain profitability despite challenging economic conditions, emphasizing strong brand loyalty and pricing power. The CEO noted, “Our unique brands are well-positioned to capitalize on long-term health and wellness trends, and our operational resilience ensures we can navigate macroeconomic volatility.” Strategic priorities include expanding distribution networks, accelerating innovation in the sparkling water category, and leveraging cost efficiencies. The CEO expressed optimism about the upcoming launch of LaCroix Pineapple Coconut and the company’s stock buyback program as key drivers of shareholder value.

Guidance

The company provided forward-looking guidance for fiscal 2026, with management targeting mid-single-digit revenue growth and EPS expansion driven by pricing initiatives and operational efficiencies. Capital expenditures are expected to remain disciplined, prioritizing automation and supply chain resilience. The CEO reiterated confidence in the company’s ability to deliver sustainable earnings growth and strengthen its market position over the next 12 months.

Additional News

National Beverage announced the launch of LaCroix Pineapple Coconut, a new sparkling water flavor, in early 2026, aiming to boost consumer engagement. The company also repurchased 20,000 shares during the quarter, signaling management’s confidence in its intrinsic value. Additionally, National Beverage expanded its sports sponsorship portfolio with a multi-year partnership with the Dallas Wings WNBA team, enhancing brand visibility in key markets. These initiatives underscore the company’s focus on innovation, shareholder returns, and strategic brand alignment to drive long-term growth.