Filing Flows › National Beverage (FIZZ) › Q1 FY26
National Beverage (FIZZ) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Sep 11, 2025
National Beverage (FIZZ) reported revenue of $331M for the first quarter fiscal 2026 (Q1 FY26), +0.3% from a year earlier and +5% from the quarter before. Operating margin was 21.4%, net earnings $55.8M (16.9% of revenue).
National Beverage, Q1 FY26: revenue $331M (+0.3% year over year), operating margin 21.4%, net earnings $55.8M, operating cash flow $59.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $331M | +5% | +0.3% |
| Gross profit | $125M | +11% | +2% |
| Operating profit | $70.8M | +23% | +2% |
| Net earnings | $55.8M | +25% | -2% |
| Operating cash flow | $59.1M | -2% | +3% |
| Free cash flow | $56.0M | +26% | +4% |
What changed
Revenue was $330.5M in Q1 FY26, roughly flat year over year and up 5% from the previous quarter.
Gross margin was 38.0%, up 0.8 points from a year earlier. Operating profit was $70.8M, a 21.4% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 121% reached operating profit, above the 21% margin then. Operating expenses grew 3% against flat revenue. Net earnings were $55.8M, down 2% year over year. The effective tax rate was 23.6%.
Operating cash flow was $59.1M (up 3% year over year), 106% of net earnings. Non-cash charges added back $5.4M of depreciation and amortization and $135K of share-based compensation. Capital expenditures of $3.1M left free cash flow of $56.0M.
Questions
What was National Beverage's revenue in the first quarter fiscal 2026?
National Beverage (FIZZ) reported revenue of $331M for the first quarter fiscal 2026 (Q1 FY26), +0.3% from a year earlier and +5% from the quarter before.
Was National Beverage profitable in the first quarter fiscal 2026?
Operating profit was $70.8M (21.4% of revenue) and net earnings $55.8M.
Source: National Beverage 10-Q on SEC EDGAR.