National Beverage

National Beverage makes healthy drinks for active people. It helps customers find alternatives to sugary sodas. Its beverages are sold in many grocery stores.

What Is in the Fridge?

• Power+ Brands: Includes sparkling waters, energy drinks, and juices under labels like LaCroix, Rip It, and Everfresh.
• Carbonated Soft Drinks: Features historic soda brands including Shasta and Faygo with histories spanning over 135 years.
• Juice Products: Offers 100% juice and juice-based drinks under the Mr. Pure and Everfresh Premier Varietals brands.

Strategic Moves and Growth

• Paid a special cash dividend of $304 million in July 2024 to return capital to shareholders.
• Repurchased 20,000 shares of National Beverage common stock during the first nine months of fiscal 2026.
• Developed production capacity and efficiency through ongoing infrastructure projects as of January 2026.
• Mitigated aluminum container cost changes by using aluminum swap contracts to manage raw material expenses.

How the Business Model Works

National Beverage uses a hybrid distribution system combining warehouse and direct-store delivery to serve national retailers and smaller accounts. This setup allows retail partners to pick up products directly from company warehouses to help lower their own costs.

A Look at the Numbers

• Net sales reached $264.6 million in the quarter ended January 31, 2026, down 0.9% from the previous year.
• Operating income rose to $51.1 million in the third quarter of fiscal 2026, a 1.1% increase from $50.6 million in the prior-year period.
• Net income hit $41.2 million in the quarter ended January 31, 2026, up 3.9% from $39.6 million year-over-year.
• Net cash provided by operating activities totaled $135.7 million for the nine months ended January 31, 2026.

Bottom Line

National Beverage has transitioned its focus toward a healthier portfolio of sparkling waters and energy drinks to match changing consumer tastes. While expanding its Power+ brands, the company continues to maintain its long-standing regional carbonated soft drink labels.