National Beverage Corp. (FIZZ)

National Beverage Corp.'s stock price has experienced a decline in the past six months. On March 12, 2026, National Beverage reported its third-quarter fiscal 2026 results, with GAAP EPS of $0.44, which was in line with estimates, but revenue of $264.59 million missed expectations. JPMorgan Chase & Co. increased its stake in National Beverage by 44.6% during the third quarter. In July 2024, the company paid a special cash dividend of $304.1 million ($3.25 per share) and announced a 1-for-1 stock split.

Demand for National Beverage Corp.'s products exhibits seasonality. The quarters spanning the winter months typically experience lower sell-throughs at retail outlets. The first and second fiscal quarters are generally considered growth quarters, where the company tends to report peak revenues.

National Beverage Corp. is an American holding company that operates in the Non-Alcoholic Beverages industry. The company develops, produces, markets, and sells a diverse portfolio of non-alcoholic beverages, including sparkling waters, juices, energy drinks, and carbonated soft drinks. National Beverage focuses on innovative, better-for-you options with low or no calories, emphasizing creative flavors, packaging designs, and a commitment to sustainability.

National Beverage Corp. primarily operates in the United States, with products also distributed in Canada. While the primary market focus is the U.S., certain products are distributed on a limited basis in other countries, and the company is exploring options to expand distribution to other regions. The company's facilities are strategically located to efficiently produce and distribute beverages to substantially all geographic markets in the United States, including the top 25 metropolitan statistical areas.

National Beverage Corp. has cultivated a strong brand reputation, particularly with its flagship LaCroix sparkling water. The company's focus on developing healthier beverages in response to shifting consumer preferences has been a key differentiator. Recent innovation and marketing efforts have positively impacted brand awareness and sales. The company also engages in various marketing campaigns to enhance brand visibility. National Beverage's ability to innovate quickly and its control over production and distribution contribute to its competitive edge and product quality.

National Beverage Corp.'s ownership is significantly concentrated with its CEO, Nick A. Caporella, who beneficially owned a large percentage of the outstanding common stock. Institutional investors collectively own approximately 22.14% of the company's shares. Major institutional investors include BlackRock, Inc., Renaissance Technologies LLC, and Vanguard Group Inc.