National Beverage Corp. (FIZZ) AI Stock Analysis

National Beverage Corp. develops, produces, markets, and sells a diverse portfolio of beverages across the United States and Canada. Established in 1985 and headquartered in Fort Lauderdale, Florida, the company caters primarily to active and health-conscious consumers. Its portfolio features sparkling waters, energy drinks, juices, and carbonated soft drinks marketed under brands including LaCroix, LaCroix Cúrate, LaCroix NiCola, Clear Fruit, Rip It, Everfresh, Everfresh Premier Varietals, and Mr. Pure. In addition, it produces carbonated soft drinks under the Shasta and Faygo brands. National Beverage distributes products through retail outlets, convenience stores, and food-service providers.

National Beverage Corp. expanded revenue from $1.14B in FY2022 to $1.20B in FY2025 before revenue fell 1.7% to $1.18B in FY2026. This reflects a five-year revenue compound annual growth rate of 1.9% from FY2021 to FY2026. Gross margin stood at 37.0% in both FY2025 and FY2026, while operating margin was 19.5% in FY2026. Annual net income peaked at $186.8M in FY2025 and reached $183.6M in FY2026, corresponding to diluted earnings per share of $1.96. Over the trailing twelve months ended July 31, 2026, revenue stood at $1.18B with an operating margin of 17.7%. However, quarterly earnings growth fell 16.1% year-over-year in the latest quarter.

As of July 31, 2026, National Beverage held $107.1M in cash and short-term investments against $58.8M in total debt, yielding a net cash balance of $48.3M. The company reported a current ratio of 2.39 and a debt-to-equity ratio of 0.16 on $367.7M of shareholders' equity. Operating cash flow totaled $181.3M in FY2026, supporting $156.1M in free cash flow after $25.1M in capital expenditures. Share buybacks were minimal at $673,000 in FY2026, and its five-year share count change was 0.0%.

With a market cap of $3.27B and an enterprise value of $2.87B, National Beverage trades at a trailing price-to-earnings ratio of 18.8x, compared to 18.6x for the median of its US-listed Consumer Defensive peers. Its forward price-to-earnings ratio of 18.5x stands above the peer median of 14.3x, while its price-to-sales ratio of 2.8x compares to the peer median of 0.7x. The company's EV to EBITDA multiple of 11.7x matches the peer median of 11.7x. Over the past year, FIZZ shares returned 5.8%, trailing the S&P 500 (SPY) return of 16.8%, and returned -20.3% over five years compared to 83.0% for SPY.

Wall Street coverage of National Beverage is sparse, with 1 analyst rating the stock at Strong Sell, and 0 ratings for Strong Buy, Buy, Hold, or Sell. The mean price target is $31.00, representing an 11.3% downside compared to the last close of $34.96. For the current fiscal year ending April 30, 2027, the consensus estimate projects revenue of $1.23B and EPS of $1.82, implying an EPS decline of 7.0%. Over the last four quarters, National Beverage logged 0 EPS beats. The next earnings date is December 10, 2026.

This page is an AI-written research summary of National Beverage Corp. (FIZZ). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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