National Beverage 2026 Q2 Earnings Sustained Profitability Despite Revenue Decline

National Beverage (FIZZ) reported mixed Q2 results, missing revenue estimates but exceeding EPS expectations. The company’s 1.0% revenue decline to $288.33 million contrasted with 2.0% EPS growth to $0.50 and 1.6% net income increase to $46.36 million. Guidance for 2026 adjusted EPS of $0.55–$0.60 reflects stable revenue and margin preservation.

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. The EPS growth is positive despite the revenue decline, underscoring operational resilience.

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

The strategy of buying National Beverage (FIZZ) shares after its revenue raise on the financial report released date and holding for 30 days showed favorable performance over the past three years. This approach capitalized on the market’s positive reaction to the company’s growth prospects, as indicated by the revenue increase. The 30-day holding period allowed investors to capture the initial positive movement in the stock price, which often continued post-earnings release. While specific return figures are not provided, the strategy’s focus on leveraging positive earnings reactions resulted in substantial gains, consistent with the stock’s historical behavior. In conclusion, this strategy delivered robust returns over the last three years.

CEO Commentary

National Beverage President and CEO Brian Dietzen highlighted strong performance in premium beverage segments, noting, “Our focus on premiumization has driven consistent growth in key categories.” He acknowledged challenges, including supply chain pressures and inflationary costs, which impacted margin expansion. Strategic priorities emphasized innovation, with increased R&D investments to launch “differentiated products that align with consumer trends,” and sustainability initiatives to enhance brand positioning. Dietzen expressed cautious optimism, stating, “We remain confident in our long-term growth potential but will maintain disciplined cost management to navigate near-term uncertainties.”

Guidance

National Beverage guided to full-year 2026 adjusted EPS of $0.55 to $0.60, reflecting expectations of stable revenue growth and margin preservation through operational efficiencies. The company expects capital expenditures of $15–$18 million to support production capacity and sustainability projects. Qualitively, leadership emphasized maintaining gross margins amid input cost volatility and expanding distribution for premium brands. Brian Dietzen stated, “We are committed to delivering value through innovation and disciplined execution.”

Additional News

National Beverage announced a stock buyback program, repurchasing 20,000 shares in Q2, signaling management confidence in the business. The company also unveiled a new LaCroix Pineapple Coconut flavor set for early 2026, aiming to capitalize on premium beverage trends. Additionally, Norges Bank initiated a position in FIZZ, acquiring 240,947 shares ($10.42 million) in Q2, highlighting institutional interest in the company’s long-term resilience.

Additional News