National Beverage (FIZZ) Q2 FY2024 earnings: revenue $300 million, up 0.1% on the year

National Beverage Corp. (FIZZ) reported revenue of $300 million for Q2 FY2024, the quarter ended 28 October 2023, up 0.1% on the same quarter a year earlier. Net income was $44 million, up 21.5% on the year, and diluted earnings per share $0.47. The figures are the company's own, from the 10-Q it filed with the SEC on 7 December 2023.

Revenue$300 millionup 0.1%

Net income$44 millionup 21.5%

Diluted EPS$0.47

QuarterQ2 FY2024ended 28 October 2023

The quarter, against the one before and a year earlier

Line	Q2 FY2024	Quarter before	A year earlier	Change on the year
Revenue	300	n/a	n/a	n/a
Cost of revenue	192	n/a	n/a	n/a
Gross profit	108	n/a	n/a	n/a
Gross margin	35.9%	n/a	n/a
Selling, general and administrative	53.6	n/a	n/a	n/a
Operating income	54.3	n/a	n/a	n/a
Operating margin	18.1%	n/a	n/a
Pre-tax income	57.0	n/a	n/a	n/a
Income tax	13.2	n/a	n/a	n/a
Effective tax rate	23.2%	n/a	n/a
Net income	43.8	n/a	n/a	n/a
Net margin	14.6%	n/a	n/a
Diluted EPS	$0.47	n/a	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q2 FY2024	Quarter before	A year earlier	Change on the year
Operating cash flow	31.9	n/a	n/a	n/a
Capital expenditure	7.3	n/a	n/a	n/a
Free cash flow	24.6	n/a	n/a	n/a
Free cash flow margin	8.2%	n/a	n/a
Cash from investing	-7.3	n/a	n/a	n/a
Cash from financing	0.3	n/a	n/a	n/a
Depreciation and amortisation	5.0	n/a	n/a	n/a
Share-based compensation	0.2	n/a	n/a	n/a
Dividends paid	0.0	n/a	n/a	n/a
Diluted shares, weighted	94m	n/a	n/a	n/a
Shares outstanding at period end	93m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2024	Quarter before	A year earlier	Change on the year
Shareholders' equity	467	n/a	n/a	n/a
Debt	0.0	n/a	n/a	n/a
Operating lease liabilities	31.6	n/a	n/a	n/a
Other liabilities	174	n/a	n/a	n/a
Total liabilities and equity	673	n/a	n/a	n/a
Fixed assets	152	n/a	n/a	n/a
Goodwill	13.1	n/a	n/a	n/a
Intangible assets	1.6	n/a	n/a	n/a
Cash and equivalents	248	n/a	n/a	n/a
Receivables	100	n/a	n/a	n/a
Inventory	92.8	n/a	n/a	n/a
Other assets	65.6	n/a	n/a	n/a
Total assets	673	n/a	n/a	n/a

Questions

What was National Beverage's revenue in Q2 FY2024?

National Beverage (FIZZ) reported revenue of $300 million for Q2 FY2024, the quarter ended 28 October 2023, up 0.1% on the same quarter a year earlier.

How much did National Beverage earn in Q2 FY2024?

Net income for Q2 FY2024 was $44 million, up 21.5% on the year, and diluted earnings per share $0.47.

When did National Beverage report Q2 FY2024 results?

National Beverage filed its 10-Q for the quarter ended 28 October 2023 with the SEC on 7 December 2023.

Quarterly results, the last 12 quarters

	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	300	270	297	329	291	267	314	331	288	265	297	331
Cost of revenue	192	173	188	207	182	168	200	205	179	165	194	215
Gross profit	108	97.0	109	122	109	99.0	113	125	109	99.6	103	116
Gross margin	36%	36%	37%	37%	38%	37%	36%	38%	38%	38%	35%	35%
SG&A	53.6	48.9	56.2	52.9	51.5	48.4	55.7	54.7	51.1	48.5	52.9	57.3
Operating income	54.3	48.2	52.9	69.5	57.9	50.6	57.5	70.8	58.0	51.1	50.1	58.5
Operating margin	18%	18%	18%	21%	20%	19%	18%	21%	20%	19%	17%	18%
Pre-tax income	57.0	50.1	57.5	73.9	59.6	52.0	59.1	73.0	60.7	53.9	52.9	61.7
Tax rate	23%	21%	24%	23%	23%	24%	24%	24%	24%	24%	24%	24%
Net income	43.8	39.6	43.7	56.8	45.6	39.6	44.8	55.8	46.4	41.2	40.3	47.0
Net margin	15%	15%	15%	17%	16%	15%	14%	17%	16%	16%	14%	14%
Diluted EPS	$0.47	$42.00	n/a	$0.61	$0.49	$0.42	$0.47	$0.60	$0.49	$0.44	$0.43	$0.50
Operating cash flow	31.9	35.4	60.4	57.5	42.6	46.5	60.1	59.1	25.7	50.9	45.5	64.8
Capital expenditure	7.3	6.7	10.8	3.7	6.9	10.2	15.5	3.1	5.8	6.3	9.9	3.1
Free cash flow	24.6	28.7	49.6	53.8	35.7	36.3	44.6	56.0	19.9	44.6	35.6	61.8
Buybacks	n/a	n/a	n/a	n/a	n/a	0.0	n/a	n/a	n/a	0.0	n/a	n/a
Dividends paid	0.0	0.0	0.0	304	0.0	0.0	0.0	0.0	0.0	0.0	0.0	304
Shares outstanding	93m	94m	94m	94m	94m	94m	94m	94m	94m	94m	94m	94m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless. EPS is as filed for each quarter. A split or a bonus issue changes the share count, so quarters before it are on the old count.

Source

10-Q for the period ended 28 October 2023, filed 7 December 2023, accession 0001437749-23-033873: the filing on EDGAR. All of National Beverage Corp.'s filings: EDGAR company page.

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