Investors Give National Beverage Corp. Thumbs Down After Revenue Miss
Though its sales and earnings rose year over year and it recently announced a special dividend, National Beverage Corp. (NASDAQ: FIZZ) is taking a hammering in Friday trading after posting a fiscal second quarter (Q2) 2021 revenue miss. The company, which manufactures the notably popular La Croix sparkling water, soda, and energy drinks, has seen its shares nosedive more than 6% today.
Setting aside Wall Street analyst expectations for a moment, National Beverage turned in a profitable quarter's results. Its net sales grew 8% to reach $272 million for the quarter, while net sales for the trailing 12 months topped $1 billion, rising 7.6% over the previous period to $1.05 billion. Earnings per share (EPS) for the quarter popped 44% year over year, reaching $1.01 versus $0.70 EPS.
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Source Fool.com
