revenue $330.7M, net income $47.0M. National Beverage's gross margin falls 300 bps on aluminum costs; special dividend drains cash

Filed September 10, 2026 · Period ending August 1, 2026 · Compared to 10-Q Sep 11, 2025 · ~1 min read

Key Changes

• high

  Gross margin contracted to 35% from 38% as cost of sales per case rose, with aluminum costs alone reducing margin by about 600 basis points.

  MD&A: Gross profit and margin verify on EDGAR →
• high

  A $304.2 million special dividend ($3.25/share) paid on July 30, 2026 drove a $242.4 million cash decline and cut working capital to $190.6 million from $457.8 million.

  MD&A: Cash position and special dividend verify on EDGAR →
• high

  Net income fell 15.7% to $47.0 million, with diluted EPS down 16.7% to $0.50, as flat sales and higher costs offset operating cash flow gains.

  Key Financials view on EDGAR →