Pulling SEC filings + quote and writing the call…

NATIONAL BEVERAGE CORP
Next earnings Jul 1, 2026 (after close) · consensus $0.48 EPS, $302M rev
Last earnings +4.3% on 2026-03-13
Debt-free, 19.6% op-margin sparkling-water franchise growing 0.8% — quality compounder at a fair, not cheap, 16.9x P/E.
Sources: SEC EDGAR (CIK 0000069891, latest 10-Q filed 2026-03-12) · EODHD · analysis by claude-code · as of 6/25/2026, 1:49:53 PM.
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Fundamentals and price both look middling — no strong edge either way.
National Beverage is a high-quality, owner-operated beverage business that screens better than its top-line suggests. FY2025 revenue grew just 0.8% to $1.20B, but the MD&A reveals the mix: a 1.7% increase in average selling price per case plus an extra 53rd selling week, offset by a 0.9% case-volume decline concentrated in the Power+ Brands (LaCroix, Rip It, juices) — the very portfolio management calls its strategic growth engine. That volume softness in the 'healthier refreshment' franchise is the central tension in this story; pricing and a calendar quirk are masking a flat-to-down underlying unit trend in a category (sparkling water) that now faces aggressive competition from Bubly, Waterloo, Liquid Death and Celsius.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.07B | $1.14B | $1.17B | $1.19B | $1.20B |
| Gross profit | $422M | $418M | $397M | $428M | $444M |
| Operating income | $228M | $208M | $187M | $219M | $235M |
| Net income | $174M | $159M | $142M | $177M | $187M |
| Diluted EPS | $1.86 | $1.69 | $1.52 | $1.89 | $1.99 |
| Net margin | 16.2% | 13.9% | 12.1% | 14.8% | 15.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
1047 tracked peers · median
| 2025-04-15 | sheridan stanley michael Director | Sell | 8.00K @ $43.40 | $347K |
| 2024-12-31 | sheridan stanley michael Director | Sell | 6.10K @ $42.49 | $259K |
| 2024-12-30 | HATHORN SAMUEL C Director | Gift | 20.0K @ $42.50 | $850K |
| 2024-12-13 | CONLEE CECIL D Director | Sell | 5.26K @ $46.76 | $246K |
| 2024-12-12 | CONLEE CECIL D Director | Sell | 2.74K @ $47.01 | $129K |
| 2024-07-11 | CONLEE CECIL D Director | Sell | 10.0K @ $50.11 | $501K |
| 2024-07-05 | sheridan stanley michael Director | Sell | 16.0K @ $51.81 | $829K |
| 2024-06-13 | CONLEE CECIL D Director | Exercise | 6.00K @ $0.01 | $60.00 |
| 2024-04-09 | CONLEE CECIL D Director | Sell | 12.0K @ $47.94 | $575K |
| 2023-12-26 | HATHORN SAMUEL C Director | Gift | 2.00K @ $49.80 | $99.6K |
| 2023-12-22 | HATHORN SAMUEL C Director | Gift | 6.00K @ $49.34 | $296K |
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.