National Beverage Corp. announced its results for the second quarter ended October 26, 2024, reporting net sales of $291.2 million, a 3% decline compared to the prior year's $300.1 million. This decrease was attributed to volume shortfalls experienced in August and September, influenced by changes in consumer shopping habits and reduced purchasing power.
Despite the sales decline, the company achieved increased net income of $45.6 million, up from $43.8 million in the prior year, with basic earnings per share rising to $0.49 from $0.47. Operating margins improved for the eighth consecutive quarter, and operating profit per case increased by 12%, reflecting a continued focus on margin management.
Innovation remained a key strategy, with LaCroix's new Strawberry Peach flavor launched at the beginning of the quarter and anticipated to be available nationwide by year-end. The company also expanded its in-store merchandising teams and sampling ambassadors to increase brand awareness and promote its consumer-favored beverages.
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