Filing Flows › National Beverage (FIZZ) › Q1 FY27
National Beverage (FIZZ) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Sep 10, 2026
National Beverage (FIZZ) reported revenue of $331M for the first quarter fiscal 2027 (Q1 FY27), 0% from a year earlier and +11% from the quarter before. Operating margin was 17.7%, net earnings $47.0M (14.2% of revenue).
National Beverage, Q1 FY27: revenue $331M (0% year over year), operating margin 17.7%, net earnings $47.0M, operating cash flow $64.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $331M | +11% | 0% |
| Gross profit | $116M | +12% | -8% |
| Operating profit | $58.5M | +17% | -17% |
| Net earnings | $47.0M | +17% | -16% |
| Operating cash flow | $64.8M | +42% | +10% |
| Free cash flow | $61.8M | +74% | +10% |
What changed
Revenue was $330.7M in Q1 FY27, roughly flat year over year and up 11% from the previous quarter.
Gross margin was 35.0%, down 2.9 points from Q1 FY26. Operating profit was $58.5M, a 17.7% margin (down 3.7 points year over year). Operating profit fell $12.3M even though revenue rose $147K versus Q1 FY26, so costs grew faster than sales. Operating expenses grew 5% against flat revenue. Net earnings were $47.0M, down 16% year over year. The effective tax rate was 23.8%.
Operating cash flow was $64.8M (up 10% year over year), 138% of net earnings. Non-cash charges added back $6.3M of depreciation and amortization and $87K of share-based compensation. Working capital and other items added $11.4M. Capital expenditures of $3.1M left free cash flow of $61.8M.
Questions
What was National Beverage's revenue in the first quarter fiscal 2027?
National Beverage (FIZZ) reported revenue of $331M for the first quarter fiscal 2027 (Q1 FY27), 0% from a year earlier and +11% from the quarter before.
Was National Beverage profitable in the first quarter fiscal 2027?
Operating profit was $58.5M (17.7% of revenue) and net earnings $47.0M.
Source: National Beverage 10-Q on SEC EDGAR.