National Beverage (FIZZ) Earnings Date & Reports

Key Takeaways

• National Beverage is scheduled to report results for the first quarter of fiscal 2027 in early-to-mid September 2026.
• Wall Street consensus points to earnings per share (EPS) of roughly $0.60 on revenue near $347 million.
• In the prior quarter, EPS of $0.43 missed estimates while revenue of $297.1 million topped expectations.
• UBS recently trimmed its price target to $32 and lowered its quarter EPS estimate to $0.59, citing volume pressure.
• Investors will focus on LaCroix volumes, gross margin, and any sign that sparkling-water demand is stabilizing.

Earnings Context and Why It Matters

National Beverage Corp. (FIZZ) is a Fort Lauderdale, Florida-based maker of flavored sparkling water and soft drinks, best known for brands including LaCroix, Shasta, and Faygo. Because its fiscal year ends in late April, the upcoming report covers the first quarter of fiscal 2027, spanning roughly May through early August. The print matters because LaCroix has faced intensifying competition from larger beverage companies and lower-priced private-label alternatives, and recent quarters have delivered sluggish revenue growth. With the stock trading well below its year-ago levels and analysts increasingly cautious on volumes, this report will test whether demand is stabilizing or still fading.

Earnings Expectations

Analysts tracked by MarketBeat expect National Beverage to report EPS of approximately $0.60 on revenue of about $347.0 million for the fiscal 2027 first quarter. That compares with EPS of $0.60 and revenue of $330.5 million in the same quarter a year earlier, implying the consensus view is for essentially flat earnings alongside modest sales growth.

The Street is not uniform, however. UBS holds a more conservative stance, trimming its quarter EPS estimate to $0.59 from $0.60 and lowering its price target to $32 from $33, while maintaining a Sell rating on concerns about volumes and competition.

Beyond the headline figures, investors will be watching LaCroix case volumes, gross margin, and operating margin for signs of pricing power or promotional pressure. National Beverage typically does not issue formal quarterly EPS guidance, so the earnings call commentary will carry added weight.

Historically, the stock has moved relatively modestly around earnings. In the most recent quarter (the fourth quarter of fiscal 2026), the company reported EPS of $0.43, below the $0.47 consensus, while revenue of $297.1 million beat expectations; shares were little changed the following day.

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Market Reaction and Investor Sentiment

Heading into the report, sentiment is cautious. National Beverage shares have underperformed broader consumer-staples benchmarks and U.S. beverage peers by roughly 3% since the company's fourth-quarter fiscal 2026 results, according to UBS. Options-implied data point to a relatively modest expected move, consistent with the stock's history of muted single-day reactions around earnings.

The primary risks investors are weighing include further declines in sparkling-water volumes, elevated promotional activity as rivals compete on price, and ongoing pressure from input costs such as aluminum and freight. A weaker-than-expected volume read, or any indication that LaCroix is losing shelf space or pricing power, could weigh on sentiment even if headline EPS meets consensus.

Forward Outlook and Key Factors to Monitor

The most important signal from this earnings report will be management's commentary on LaCroix volume trends. After several quarters of uneven demand, investors want evidence that the core sparkling-water franchise is holding its ground against competitors. Any commentary on distribution gains, new flavor launches, or innovation will help gauge whether the brand can return to growth.

Margin trends are another key area to watch. National Beverage has historically defended profitability through pricing and cost discipline, but promotional pressure and higher input costs could squeeze gross margin. Investors should listen for any remarks on aluminum can costs, freight, and the broader promotional environment across the carbonated-water category.

Finally, capital allocation remains a background theme. The company has paid special dividends in the past while maintaining a strong balance sheet, so any update on cash deployment could shape investor expectations beyond the quarter itself. With the fiscal second quarter typically supported by seasonal demand, the tone of management's outlook will matter as much as the reported numbers.

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