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National Beverage Corp.

FIZZ Consumer Defensive Beverages Non Alcoholic

National Beverage Corp.’s revenue for fiscal 2026 (year ended April 2026) was $1.2 billion, down 1.73% from fiscal 2025. In the quarter to July 2026, revenue was flat, EPS fell 16.7% and free cash flow grew 10.3%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

30.52 0.32 −1.04%
Market cap
$2.9B
P/E
16.3×
Fwd P/E
18.1×
Dividend yield
0.00%
F-score
5/9
Altman Z
12.81
Beneish M
−2.53
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

National Beverage Corp. (FIZZ) Business Profile

Updated before January 2025

Company Overview

National Beverage Corp. (NASDAQ: FIZZ) is a leading American beverage company known for its innovative and diverse portfolio of flavored beverages. Founded in 1985 by Nick A. Caporella, the company is headquartered in Fort Lauderdale, Florida. Caporella, who also serves as the Chairman and CEO, has been instrumental in shaping the company’s vision and growth trajectory. National Beverage Corp. operates with a mission to provide healthier, refreshing beverage options to consumers while maintaining a strong focus on innovation and sustainability.

The company has grown significantly since its inception, becoming a prominent player in the beverage industry. It is best known for its flagship brand, LaCroix Sparkling Water, which has become a household name in the United States. National Beverage Corp. is publicly traded on the NASDAQ stock exchange under the ticker symbol “FIZZ.”

Core Business Segments

National Beverage Corp. operates across several key product categories, offering a wide range of beverages that cater to diverse consumer preferences. The company’s core business segments include:

1. Sparkling Water

  • LaCroix Sparkling Water: The crown jewel of National Beverage Corp., LaCroix is a leading brand in the sparkling water market. Known for its natural flavors and zero-calorie, zero-sugar profile, LaCroix offers a variety of flavors, including Pamplemousse, Lime, and Passionfruit.
  • Shasta Sparkling Water: Another sparkling water brand under the company’s portfolio, Shasta offers affordable and flavorful options for consumers.

2. Carbonated Soft Drinks (CSDs)

  • Shasta: A legacy brand offering a wide range of flavored sodas, including Cola, Root Beer, and Tiki Punch.
  • Faygo: A regional favorite, Faygo is known for its unique flavors like Redpop, Moon Mist, and Rock & Rye.

3. Energy Drinks and Functional Beverages

  • Rip It Energy Fuel: A popular energy drink brand targeting value-conscious consumers, Rip It offers a variety of flavors and functional benefits.

4. Juice and Other Beverages

  • Everfresh: A line of fruit juices and juice drinks that cater to health-conscious consumers.
  • Mr. Pure: Another juice brand offering a range of flavors and blends.

Business Model

National Beverage Corp. operates a vertically integrated business model, which allows it to maintain control over its production, distribution, and marketing processes. This integration ensures high-quality standards, cost efficiency, and the ability to respond quickly to market trends. The company generates revenue primarily through the sale of its beverages to retailers, including grocery stores, convenience stores, and online platforms.

The company’s focus on innovation and branding has been a key driver of its success. By leveraging consumer insights and market trends, National Beverage Corp. continuously develops new flavors and product lines to meet evolving consumer preferences. The company also emphasizes sustainability in its operations, using eco-friendly packaging and reducing its carbon footprint.

Strategic Direction

National Beverage Corp. has outlined several strategic priorities to drive future growth:

  • Expansion of Product Portfolio: The company plans to introduce new flavors and product categories, including functional beverages and plant-based drinks, to cater to health-conscious consumers.
  • Sustainability Goals: National Beverage Corp. is committed to reducing its environmental impact by adopting sustainable practices, such as using recyclable materials and optimizing its supply chain.
  • Geographic Expansion: The company aims to expand its presence in international markets, leveraging the global popularity of its flagship brands like LaCroix.
  • Digital Transformation: By enhancing its online presence and e-commerce capabilities, National Beverage Corp. seeks to reach a broader audience and improve customer engagement.

Competitive Landscape

National Beverage Corp. operates in a highly competitive industry, facing competition from both large multinational corporations and smaller niche players. Key competitors include:

  • The Coca-Cola Company: A global leader in the beverage industry, Coca-Cola offers a wide range of sparkling water, soft drinks, and functional beverages.
  • PepsiCo: Another major player, PepsiCo competes with National Beverage Corp. through its Bubly sparkling water brand and other beverage offerings.
  • Nestlé: Known for its Perrier and San Pellegrino brands, Nestlé is a strong competitor in the premium sparkling water segment.
  • Keurig Dr Pepper: With brands like Canada Dry and Schweppes, Keurig Dr Pepper competes in the carbonated soft drink and sparkling water markets.
  • Private Label Brands: Retailers’ private label sparkling water and soda brands also pose a competitive threat, offering lower-priced alternatives to National Beverage Corp.’s products.

Risk Factors

National Beverage Corp. faces several risks that could impact its business operations and financial performance:

  • Market Dependence: The company’s reliance on a few key brands, particularly LaCroix, makes it vulnerable to changes in consumer preferences and market trends.
  • Supply Chain Disruptions: Issues such as raw material shortages, transportation delays, and rising costs could affect the company’s ability to produce and distribute its products.
  • Regulatory Risks: Changes in regulations related to labeling, packaging, and environmental standards could increase operational costs.
  • Competitive Pressure: Intense competition from established players and new entrants could impact market share and profitability.
  • Economic Conditions: Economic downturns and changes in consumer spending habits could affect demand for the company’s products.

Recent Developments

National Beverage Corp. has recently introduced new flavors to its LaCroix lineup, including innovative options like LimonCello and Pastèque. The company has also invested in marketing campaigns to strengthen brand awareness and consumer loyalty.

In response to growing consumer demand for sustainable products, National Beverage Corp. has enhanced its packaging initiatives, focusing on recyclable materials and reducing plastic usage. Additionally, the company has expanded its e-commerce presence, making its products more accessible to online shoppers.

Global developments, such as supply chain disruptions caused by the COVID-19 pandemic, have posed challenges for the company. However, National Beverage Corp. has demonstrated resilience by adapting its operations and maintaining strong financial performance.

Investment Considerations

Strengths:

  • Strong brand portfolio with high consumer recognition.
  • Focus on health-conscious and sustainable products.
  • Vertically integrated business model ensures quality and cost efficiency.
  • Proven track record of innovation and market responsiveness.

Risks:

  • Dependence on a few key brands for revenue.
  • Exposure to supply chain disruptions and rising costs.
  • Intense competition in the beverage industry.
  • Regulatory and environmental compliance challenges.

Conclusion

National Beverage Corp. is a dynamic player in the beverage industry, known for its innovative products and strong brand portfolio. With a focus on health-conscious and sustainable offerings, the company is well-positioned to capitalize on evolving consumer trends. While it faces challenges such as market dependence and competitive pressure, National Beverage Corp.’s strategic initiatives and commitment to innovation provide a solid foundation for future growth. Investors seeking exposure to the beverage sector may find National Beverage Corp. an attractive option, given its strong market position and growth potential.