National Beverage Corp. has a market cap of $688.8 million; its shares were traded at around $15.04 with a P/E ratio of 15.7 and P/S ratio of 1.1. National Beverage Corp. had an annual average earning growth of 6.7% over the past 10 years. GuruFocus rated National Beverage Corp. the business predictability rank of 2-star.
Highlight of Business Operations:The majority of our sales are seasonal with the highest volume typically realized during the summer months. As a result, our operating results from one fiscal quarter to the next may not be comparable. Additionally, our operating results are affected by numerous factors, including fluctuations in the costs of raw materials, changes in consumer preference for beverage products, competitive pricing in the marketplace and weather conditions.
Net sales for the first quarter of fiscal 2013 increased 8.1% to $182.8 million as compared to $169.1 million for the first quarter of fiscal 2012. The sales improvement is due to case volume growth of 12.3% for our Power+ Brands and 10.2% for carbonated soft drinks. This sales improvement was partially offset by a 2.4% decline in unit pricing primarily due to product mix changes.
Gross profit approximated 31.9% of net sales for the first quarter of fiscal 2013 compared to 36.1% of net sales for the first quarter of fiscal 2012. The gross profit decline is due to higher raw material costs and product mix changes. Cost of sales increased 4.1% on a per unit basis.
Selling, general & administrative expenses were $36.3 million or 19.8% of net sales for the first quarter of fiscal 2013 compared to $40.4 million or 23.9% of net sales for the first quarter of fiscal 2012. The decrease in expenses was due to lower marketing and administration expenses.
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