National Beverage Posts Fizzy Results for Q4 and Full-Year Fiscal 2020
National Beverage Corp. (NASDAQ: FIZZ), which makes Shasta soft drinks, LaCroix sparkling water, and Rip It Energy Fuel, reported its fourth-quarter and annual results for fiscal year 2020 today. The company's press release offers a bubbly picture of rising sales and profits, giving investors a refreshing beat of analyst estimates on several key metrics.
The fiscal quarter and year ended on May 2, 2020. According to company figures, Q3 saw relatively modest increases, with net sales inching upward 0.9% year over year, operating income and net income rising 7.1% each, and earnings per share (EPS) gaining 7.5%. Business activity increased strongly in the three months ending early May, with operating income up 37.2%, net income gaining 38.9%, and EPS jumping 39.3%. Net sales climbed 9.1% in Q4, bringing the year's total to over $1 billion.
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Source Fool.com