National Beverage Corp.: Q1 FY2027 earnings call

What management said about Q1 FY2027, from the documents filed with the SEC on 11 September 2026: press release. The quarter’s numbers.

What changed from last quarter

New: Company adopts tariff cost absorption policy per government request, choosing to absorb portion of tariff-related cost increases to maintain pricing competitiveness. Source

Coming up, per management

Pricing actions to recover margins: Company expects recently instituted pricing actions, together with disciplined operating focus, to improve performance and offset elevated input costs. Source
Monitoring volatile commodity and tariff environment: Management will closely monitor volatile market conditions, particularly regarding tariff policies and commodity costs, for signs of stabilization or relief. Source
Innovation pipeline continues expanding distribution: New LaCroix flavors including PineApple CocoNut will continue to drive incremental demand and expand consumption occasions across retail channels. Source

In management's words

“Our first quarter Net Sales were negatively impacted by consumer sentiment and tariffs, as average selling price increases were largely offset by volume declines”
company spokesperson

“Aluminum costs alone negatively impacted gross margin by almost 600 basis points”
company spokesperson

“While market conditions remain soft, we are encouraged by the rebound in orders during August and are optimistic that improving volume/mix will resume growth going forward”
company spokesperson

“Our strategy remains consistent: deliver innovative and flavorful beverages, vibrant consumer engagement, impactful merchandising and targeted marketing initiatives, all driven by disciplined operational execution”
company spokesperson

Risks management discussed

Demand: Consumer sentiment weakness resulted in volume declines that more than offset pricing increases, pressuring revenue growth and demonstrating limited pricing power. Source
External: Tariff policies created unexpected margin pressure, forcing company to absorb costs to maintain competitiveness and limiting its ability to pass through increases to customers. Source
Operational: Elevated commodity costs, particularly aluminum, and rising fuel and freight expenses compressed margins by 200 basis points despite recent pricing actions. Source

Earlier plans management reported on

On track: Company continues pursuing strategy of innovation-driven growth with disciplined execution, as reaffirmed in strategic messaging. Source

Summarised with AI from the documents the company filed with the SEC. Every point carries a quote that is checked word for word against the filing; a point whose quote is not found is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

EXHIBIT 99.1

Exhibit 99.1

NASDAQ: FIZZ For Immediate Release Contact: Office of the Chairman, Grace Keene

NATIONAL BEVERAGE CORP.

REPORTS FIRST QUARTER EARNINGS

FORT LAUDERDALE, FL, September 10, 2026 . . . National Beverage Corp. (NASDAQ: FIZZ) today announced results for its first quarter ended August 1, 2026.

For the three months:

●	Net sales were $331 million;
●	Gross margin was 35%, reflecting the effects of elevated input costs;
●	Earnings per share were $.50 and;
●	Cash was $107 million after the payment of a $304 million special dividend ($3.25 per share) on July 30, 2026.

“Our first quarter Net Sales were negatively impacted by consumer sentiment and tariffs, as average selling price increases were largely offset by volume declines, ” stated a company spokesperson. “ While market conditions remain soft, we are encouraged by the rebound in orders during August and are optimistic that improving volume/mix will resume growth going forward. ”

“Gross profit was also affected by higher packaging and ingredient costs, driven significantly by elevated aluminum commodity costs and tariffs. Aluminum costs alone negatively impacted gross margin by almost 600 basis points. Increases in fuel and freight further pressured both inbound and outbound shipping expenses. While we are disappointed to start the year with lower margins, the magnitude and convergence of these external pressures challenged our ability to respond as quickly as we historically have. In accordance with the request of the current administration, we have elected to absorb a portion of the tariff-related cost increases and continue to closely monitor these volatile market conditions. We believe recently instituted pricing actions, together with our disciplined operating focus, will improve performance. ”

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National Beverage Corp.

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“Innovation continues to be key in driving incremental demand and expanding consumption occasions. Shareholders will soon receive a ‘ taste ’ of our newest LaCroix flavor - PineApple CocoNut , a radiant fusion of bright pineapple sparkle with a velvety coconut finish, for a balance of flavor that ’ s Harmoniously Combined! This delectable combination was featured in our summer ad campaign and quickly became a consumer favorite. ”

“Our strategy remains consistent: deliver innovative and flavorful beverages, vibrant consumer engagement, impactful merchandising and targeted marketing initiatives, all driven by disciplined operational execution. This strategy has generated strong cash flows as evidenced by our first quarter special dividend of $3.25 per share, representing our thirteenth special cash dividend which have distributed $19.78 per share or over $1.8 billion to our shareholders. ”

“Our healthier LaCroix Sparkling Water, along with our ‘ priced-right ’ flavor variety of carbonated soft drinks and single-serve juice and drink products, position us to succeed in all channels and beverage categories. We believe this balanced portfolio, along with our strong balance sheet, acclaimed creativity and entrepreneurial management focus, provide a powerful foundation for creating long-term shareholder value, ” concluded the spokesperson.

“Patriotism ” - If Only We Could Bottle It!

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National Beverage Corp.

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National Beverage Corp.
Consolidated Results for the Periods Ended
August 1, 2026 and August 2, 2025
(in thousands, except per share amounts)
Three Fiscal Months Ended	Trailing Twelve Fiscal Months Ended

August 1, 2026

August 2, 2025

August 1, 2026

Net Sales	$330,662	$330,515	$1,180,699
Net Income	$47,004	$55,760	$174,892
Earnings Per Common Share
Basic	$.50	$.60	$1.87
Diluted	$.50	$.60	$1.87
Average Common Shares Outstanding
Basic	93,613	93,620	93,615
Diluted	93,660	93,699	93,663

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks, uncertainties and other factors described in the Company's Securities and Exchange Commission filings which may cause actual results or achievements to differ from the results or achievements expressed or implied by such statements. The Company disclaims an obligation to update or announce revisions to any forward-looking statements.