The combination of a clear EPS miss, sharply compressed gross margins from aluminum/tariff costs, and a massive special dividend that drained cash to $107M signals significant near-term headwinds. With no quantitative guidance and only qualitative optimism about an August rebound, traders should expect continued pressure on the stock until concrete margin recovery or volume growth materializes in the next quarter.
Price Chart
Executive Summary
National Beverage Corp. (FIZZ) reported Q1 FY2027 earnings with EPS of $0.50, a 10.8% miss vs. the $0.48 consensus estimate, and net income declining 15.7% YoY to $47.0M. Revenue was essentially flat at $330.7M vs. $330.5M a year ago, but gross margin collapsed to 35% from ~37.8% in the prior-year quarter, driven by a 600 bps negative impact from aluminum costs and tariffs. The company paid a $304M special dividend ($3.25/share) on July 30, drawing cash down to $107M, and offered no quantitative guidance, only optimistic commentary about an August order rebound.
Key Financial Metrics
Key Facts
- EPS of $0.50 missed consensus of $0.48 by 10.8%
- Net income fell 15.7% YoY to $47.0M from $55.8M
- Gross margin compressed to 35%, with aluminum costs alone causing a ~600 bps headwind
- Revenue was essentially flat at $330.7M vs $330.5M YoY
- Paid a $304M special dividend ($3.25/share) on July 30, reducing cash to $107M
- No quantitative guidance provided; management cited 'soft market conditions' and tariff absorption
Financial Impact
EPS miss of 10.8% vs consensus, net income down 15.7% YoY, gross margin down ~280 bps YoY
Risk Factors
- Sustained aluminum cost and tariff pressure on gross margins
- Volume declines from consumer sentiment and price increases
- Low cash position ($107M) after special dividend limits financial flexibility
- No quantitative guidance increases uncertainty around recovery trajectory
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-030186 |
| Document: fizz20260910_8k.htm | 0001437749-26-030186 |
| Document: 0001437749-26-030186-index-headers.html | 0001437749-26-030186 |
| Document: 0001437749-26-030186-index.html | 0001437749-26-030186 |
| Document: 0001437749-26-030186.txt | 0001437749-26-030186 |
| 8-K Data (Synthetic) | 0001437749-26-030186 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 6w ago | 8-K | $31.81 $32.15 | ▼ −1.07% | ▲ +1.19% | $34.56 (−8.66%) |
Aug 13, 2026 10w ago | Institutional Cluster | $31.33 $31.37 | ▲ +0.13% | ▲ +1.87% | $34.56 (+10.33%) |
US Market Status
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