FIZZ reports flat net sales, profit decline and $304.2M special dividend
National Beverage net sales stayed flat year-over-year as higher prices offset lower volumes. Gross profit and net income fell on increased costs, especially for aluminum and shipping, and the company paid a special $304.2 million dividend that reduced cash reserves.
Net sales were unchanged year over year as higher pricing offset lower volumes. Gross profit and net income fell, with the company citing higher costs, particularly for aluminum and shipping. National Beverage Corp. 2 million dividend, which reduced cash reserves.