National Beverage Corp. (FIZZ) stock prices were up by 7.72% some time after market trading commenced on September 10th, 2021. This brought the price per share up to USD$50.40 early on in the trading day.
Stellar Financial Report
Net sales for the first quarter of fiscal 2021 were up to USD$311.7 million. Gross profit was reported at USD$128.4 million for the quarter, with gross margin coming in at 40%. FIZZ stock reported operating incoming in the amount of USD$70.3 million, which represented 22.6% of sales for the quarter. Earnings per share improved from USD$0.55 in the prior-year quarter to USD$0.58 in the 2021 quarter. the company reported a very comfortable liquidity position with cash in the amount of USD$245.5 million as of July 31st, 2021. Working capital was reported at USD$269.7 million with a current ratio of 2.8:1.
Resisting Market Challenges
Reports for the first quarter of fiscal 2021 reflected stellar execution of the company’s strategy despite headwinds presenting various challenges. Labor, raw material, and transportation availability adversely impacted the company’s ability to meet customer demand. Despite this, the company was able to increase sales over the prior year’s pantry-loading spike at the onset of the global coronavirus pandemic. The company also reported being able to maintain margins that were on par with the prior record-breaking quarter.
FIZZ Stock’s Consumer Loyalty
The company’s Power+ brand volume was up by 5.6% for the first quarter of fiscal 2021. The quarter saw selling prices being adjusted to recover higher input and transportation expenses. The company is confident that this reflects the brand loyalty exhibited by consumers, especially in light of the substantial price discounting. This discounting was employed by certain competitors to promote their comparative products.
FIZZ Stock Expands Product Portfolio
FIZZ stock launched its unique new LaCroix flavors late last fiscal year. These included Beach Plum, Black Razzberry, and Guava Sao Paulo, which have been the company’s most successful flavors to date. The launches were preceded by successful introductions that consolidate the company’s ability to develop and refine beverages that continue to garner consumer demand.
Future Outlook for FIZZ Stock
FIZZ stock reported a promising quarter, as evidenced by the strength of its financial reports for the first quarter of fiscal 2021. The company is keen to allocate resources towards the increased proliferation of its products. Current and potential investors are hopeful that management will be able to facilitate consistent and organic increases in shareholder value over the long term.
