<p>National Beverage (NASDAQ: FIZZ) results for the soft drink company’s fiscal fourth quarter 2020 have the FIZZ share higher on Friday. This is thanks to its adjusted earnings per share (EPS) of 57 cents, which beat Wall Street‘s estimate of 50 cents for the quarter. Revenue of $ 222.8 million also exceeds analysts’ estimates of $ 211.5 million.
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Here’s what’s worth noting from the latest report on national beverages.
Adjusted earnings per share increased by 7.55% from 53 cents during the same period last year. Revenue for the quarter was nearly 1% higher than $ 220.9 million during the third quarter of 2019. Operating profit of $ 33.2 million is an increase of 7.03% compared to the previous year from $ 31.02 million. The national beverage revenue report also provides a net income of $ 26.6 million. This is an improvement of 7.26% compared to the net result of $ 24.8 million from the same period the year before.
A spokesman for National Beverage said the following about the FIIZ share income report:
These third quarter financial results clearly indicate that LaCroix retained its award as the leader in the premium sparkling water category in North America. While the growth of the sparkling water category has slowed from October 2018, LaCroix’s vitality as a mast head for the sparkling water category remains ‘genuine’.
The national beverage revenue report does not include an update of the guidelines for the 2020 financial year. Nevertheless, we know what Wall Street expects. It includes an adjusted profit of $ 2.48 on revenue of $ 966.7 million.
The FIZZ share ended the day on Friday up 6.9%.
At the time of writing, William White had no position in any of the above securities.
Article printed from InvestorPlace Media, https://investorplace.com/2020/03/national-beverage-earnings-send-fizz-stock-up/.
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