Filing Flows › National Beverage (FIZZ) › Q2 FY26
National Beverage (FIZZ) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Dec 11, 2025
National Beverage (FIZZ) reported revenue of $288M for the second quarter fiscal 2026 (Q2 FY26), -1% from a year earlier and -13% from the quarter before. Operating margin was 20.1%, net earnings $46.4M (16.1% of revenue).
National Beverage, Q2 FY26: revenue $288M (-1% year over year), operating margin 20.1%, net earnings $46.4M, operating cash flow $25.7M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $288M | -13% | -1% |
| Gross profit | $109M | -13% | -0.2% |
| Operating profit | $58.0M | -18% | +0.3% |
| Net earnings | $46.4M | -17% | +2% |
| Operating cash flow | $25.7M | -56% | -40% |
| Free cash flow | $19.9M | -64% | -44% |
What changed
Revenue was $288.3M in Q2 FY26, down 1% year over year and down 13% from the previous quarter.
Gross margin was 37.9%, up 0.3 points from a year earlier. Operating profit was $58.0M, a 20.1% margin (up 0.3 points year over year). Operating expenses fell 1% while revenue fell 1%. Net earnings were $46.4M, up 2% year over year. The effective tax rate was 23.6%.
Operating cash flow was $25.7M (down 40% year over year), 55% of net earnings. Non-cash charges added back $5.6M of depreciation and amortization and $112K of share-based compensation. Working capital and other items used $26.4M. Capital expenditures of $5.8M left free cash flow of $19.9M.
Questions
What was National Beverage's revenue in the second quarter fiscal 2026?
National Beverage (FIZZ) reported revenue of $288M for the second quarter fiscal 2026 (Q2 FY26), -1% from a year earlier and -13% from the quarter before.
Was National Beverage profitable in the second quarter fiscal 2026?
Operating profit was $58.0M (20.1% of revenue) and net earnings $46.4M.
Source: National Beverage 10-Q on SEC EDGAR.