National Beverage Corp. (FIZZ) Releases Q3 2026 Earnings: Margins and EPS Rise Despite Slight Revenue Decline

By: Quiver EarningsTracker

Posted: 3 weeks, 2 days ago / March 12, 2026 8:57 p.m. UTC

FIZZ

National Beverage Corp. (FIZZ) reported third-quarter 2026 results showing a slight revenue decline while margins and earnings improved, supported by stronger cash generation and a markedly higher cash balance.

Revenues: $264.6 million, down 0.9% year‑over‑year.

Gross profit: $99.6 million, up 0.7% year‑over‑year.

Operating profit: $51.1 million, up 1.1% year‑over‑year.

Net income attributable to common shareholders: $41.2 million, up 4.0% year‑over‑year.

Diluted earnings per share: $0.44, up 4.8% year‑over‑year.

Key liquidity and balance-sheet points highlight improving financial flexibility and lower leverage.

Cash from operating activities: $50.9 million, up 9.4% year‑over‑year.

Purchases of property, plant and equipment: $6.3 million, down 38.3% year‑over‑year.

Cash and cash equivalents: $314.0 million, up 62.0% year‑over‑year.

Total liabilities: $201.4 million, down 12.0% year‑over‑year.

Cost of sales: $165.0 million, down 1.9% year‑over‑year.

Overall, FIZZ delivered modest top‑line pressure alongside rising profitability and a stronger cash position, which together suggest improved financial resilience heading into the next quarter.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

National Beverage Corp. Hedge Fund Activity

We have seen 119 institutional investors add shares of National Beverage Corp. stock to their portfolio, and 142 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. added 278,988 shares (+7.6%) to their portfolio in Q4 2025, for an estimated $8,896,927
CITADEL ADVISORS LLC added 184,127 shares (+97.6%) to their portfolio in Q4 2025, for an estimated $5,871,810
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC removed 172,862 shares (-6.9%) from their portfolio in Q4 2025, for an estimated $5,512,569
MILLENNIUM MANAGEMENT LLC removed 118,105 shares (-77.0%) from their portfolio in Q4 2025, for an estimated $3,766,368
D. E. SHAW & CO., INC. removed 108,887 shares (-44.6%) from their portfolio in Q4 2025, for an estimated $3,472,406
TWO SIGMA INVESTMENTS, LP removed 105,683 shares (-33.0%) from their portfolio in Q4 2025, for an estimated $3,370,230
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 105,009 shares (-75.8%) from their portfolio in Q4 2025, for an estimated $3,348,737

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

National Beverage Corp. Analyst Ratings

Wall Street analysts have issued reports on $FIZZ in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

UBS issued a "Sell" rating on 12/05/2025

To track analyst ratings and price targets for National Beverage Corp., check out Quiver Quantitative's $FIZZ forecast page.