NATIONAL BEVERAGE CORP
For the period ended Jan 31, 2026. Filed Mar 12, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 31, 2026 · Filed Mar 12, 2026
FIZZ$37.47+0.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
NATIONAL BEVERAGE CORP.
QUARTERLY REPORT ON FORM 10-Q
INDEX
| PART I - FINANCIAL INFORMATION | |
|---|---|
| Item 1. Financial Statements (Unaudited) | Page |
| Condensed Consolidated Balance Sheets as of January 31, 2026 and May 3, 2025 | 3 |
| Condensed Consolidated Statements of Income for the Three and Nine Fiscal Months Ended January 31, 2026 and January 25, 2025 | 4 |
| Condensed Consolidated Statements of Comprehensive Income for the Three and Nine Fiscal Months Ended January 31, 2026 and January 25, 2025 | 5 |
| Condensed Consolidated Statements of Shareholders’ Equity for the Three and Nine Fiscal Months Ended January 31, 2026 and January 25, 2025 | 6 |
| Condensed Consolidated Statements of Cash Flows for the Nine Fiscal Months Ended January 31, 2026 and January 25, 2025 | 7 |
| Notes to Condensed Consolidated Financial Statements | 8 |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 13 |
| Item 3. Quantitative and Qualitative Disclosures about Market Risk | 16 |
| Item 4. Controls and Procedures | 16 |
| PART II - OTHER INFORMATION | |
| Item 1A. Risk Factors | 18 |
| Item 5. Other Information | 18 |
| Item 6. Exhibits | 18 |
| Signature | 19 |
PART 1 - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
NATIONAL BEVERAGE CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(In thousands, except share data)
| January 31, | May 3, | |
|---|---|---|
| 2026 | 2025 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $313,973 | $193,835 |
| Trade receivables, net | 97,431 | 104,157 |
| Inventories | 96,104 | 85,109 |
| Prepaid and other current assets | 30,529 | 23,827 |
| Total current assets | 538,037 | 406,928 |
| Property, plant and equipment, net | 174,375 | 175,586 |
| Operating lease right-of-use assets, net | 60,524 | 70,286 |
| Goodwill | 13,145 | 13,145 |
| Intangible assets | 1,615 | 1,615 |
| Other assets | 4,775 | 5,300 |
| Total assets | $792,471 | $672,860 |
| Liabilities and Shareholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $66,860 | $82,448 |
| Accrued liabilities | 39,510 | 43,521 |
| Operating lease liabilities | 14,926 | 14,533 |
| Income taxes payable | 773 | - |
| Total current liabilities | 122,069 | 140,502 |
| Deferred income taxes, net | 24,345 | 23,010 |
| Operating lease liabilities | 47,745 | 57,591 |
| Other liabilities | 7,250 | 7,758 |
| Total liabilities | 201,409 | 228,861 |
| Commitments and contingencies | ||
| Shareholders' equity: | ||
| Preferred stock, $1 par value - 1,000,000 shares authorized Series C - 150,000 shares issued | 150 | 150 |
| Common stock, $.01 par value - 200,000,000 shares authorized; 102,006,214 and 101,994,358 shares issued, respectively | 1,020 | 1,020 |
| Additional paid-in capital | 44,302 | 43,708 |
| Retained earnings | 561,082 | 417,750 |
| Accumulated other comprehensive income | 9,414 | 5,604 |
| Treasury stock - at cost: | ||
| Series C preferred stock - 150,000 shares | (5,100) | (5,100) |
| Common stock - 8,394,112 and 8,374,112 shares, respectively | (19,806) | (19,133) |
| Total shareholders' equity | 591,062 | 443,999 |
| Total liabilities and shareholders' equity | $792,471 | $672,860 |
NATIONAL BEVERAGE CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(In thousands, except per share amounts)
| Three Fiscal Months Ended | Nine Fiscal Months Ended | |||
|---|---|---|---|---|
| January 31, | January 25, | January 31, | January 25, | |
| 2026 | 2025 | 2026 | 2025 | |
| Net sales | $264,586 | $267,050 | $883,432 | $887,725 |
| Cost of sales | 164,982 | 168,100 | 549,179 | 556,992 |
| Gross profit | 99,604 | 98,950 | 334,253 | 330,733 |
| Selling, general and administrative expenses | 48,458 | 48,373 | 154,285 | 152,774 |
| Operating income | 51,146 | 50,577 | 179,968 | 177,959 |
| Other income, net | 2,793 | 1,398 | 7,685 | 7,474 |
| Income before income taxes | 53,939 | 51,975 | 187,653 | 185,433 |
| Provision for income taxes | 12,731 | 12,332 | 44,321 | 43,373 |
| Net income | $41,208 | $39,643 | $143,332 | $142,060 |
| Earnings per common share: | ||||
| Basic | $.44 | $.42 | $1.53 | $1.52 |
| Diluted | $.44 | $.42 | $1.53 | $1.52 |
| Weighted average common shares outstanding: | ||||
| Basic | 93,612 | 93,617 | 93,619 | 93,603 |
| Diluted | 93,645 | 93,691 | 93,676 | 93,685 |
NATIONAL BEVERAGE CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
(In thousands)
| Three Fiscal Months Ended | Nine Fiscal Months Ended | |||
|---|---|---|---|---|
| January 31, | January 25, | January 31, | January 25, | |
| 2026 | 2025 | 2026 | 2025 | |
| Net income | $41,208 | $39,643 | $143,332 | $142,060 |
| Other comprehensive income, net of tax: | ||||
| Cash flow hedges | (1,501) | 237 | 3,810 | 1,832 |
| Comprehensive income | $39,707 | $39,880 | $147,142 | $143,892 |
NATIONAL BEVERAGE CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED)
(In thousands)
| Three Fiscal Months Ended · Nine Fiscal Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|
| January 31, 2026 | January 25, 2025 | January 31, 2026 | January 25, 2025 | |||||
| Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | |
| Series C Preferred Stock | ||||||||
| Beginning and end of period | 150 | $150 | 150 | $150 | 150 | $150 | 150 | $150 |
| Common Stock | ||||||||
| Beginning of period | 102,006 | 1,020 | 101,985 | 1,020 | 101,994 | 1,020 | 101,942 | 1,019 |
| Stock options exercised | - | - | 9 | - | 12 | 0 | 52 | 1 |
| End of Period | 102,006 | 1,020 | 101,994 | 1,020 | 102,006 | 1,020 | 101,994 | 1,020 |
| Additional Paid-In Capital | ||||||||
| Beginning of period | 44,206 | 43,355 | 43,708 | 42,588 | ||||
| Stock options exercised | - | 58 | 251 | 514 | ||||
| Stock-based compensation expense | 96 | 154 | 343 | 465 | ||||
| End of period | 44,302 | 43,567 | 44,302 | 43,567 | ||||
| Retained Earnings | ||||||||
| Beginning of period | 519,874 | 333,346 | 417,750 | 535,077 | ||||
| Net income | 41,208 | 39,643 | 143,332 | 142,060 | ||||
| Common stock cash dividend | - | - | - | (304,148) | ||||
| End of period | 561,082 | 372,989 | 561,082 | 372,989 | ||||
| Accumulated Other Comprehensive Income (Loss) | ||||||||
| Beginning of period | 10,915 | 6,506 | 5,604 | 4,911 | ||||
| Cash flow hedges, net of tax | (1,501) | 237 | 3,810 | 1,832 | ||||
| End of period | 9,414 | 6,743 | 9,414 | 6,743 | ||||
| Treasury Stock - Series C Preferred | ||||||||
| Beginning and end of period | 150 | (5,100) | 150 | (5,100) | 150 | (5,100) | 150 | (5,100) |
| Treasury Stock - Common | ||||||||
| Beginning of Period | 8,394 | (19,806) | 8,374 | (19,133) | 8,374 | (19,133) | 8,374 | (19,133) |
| Repurchase of common stock | - | - | - | - | 20 | (673) | - | - |
| End of period | 8,394 | (19,806) | 8,374 | (19,133) | 8,394 | (19,806) | 8,374 | (19,133) |
| Total Shareholders' Equity | $591,062 | $400,236 | $591,062 | $400,236 | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.