National Beverage
Makes LaCroix sparkling water, juices, energy drinks, and Shasta and Faygo sodas.
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Profile
Sells LaCroix sparkling water, Clear Fruit flavored water, Rip It energy drinks, Everfresh and Mr. Pure juices, and Shasta and Faygo sodas through U.S. retail and food-service channels. In-house flavor development and a company-owned production network underpin a largely domestic, LaCroix-led beverage business.
Develops, produces, markets, and distributes a U.S.-focused portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks. Power+ brands include LaCroix sparkling water, Clear Fruit flavored water, Rip It energy drinks and shots, and Everfresh and Mr. Pure juice products. Shasta and Faygo supply the legacy soda range.
Controls flavor development, packaging design, manufacturing, and distribution through twelve domestic production facilities and a mix of warehouse and direct-store delivery. This integrated model supports rapid flavor launches and service across grocery, club, mass-market, convenience, and food-service channels.
LaCroix is the most significant brand, while substantially all sales come from the United States. Demand follows consumer tastes and warm-weather seasonality; production depends on water, aluminum, plastic, sweeteners, juice concentrates, energy, and transportation, while beverage formulation, labeling, packaging, and distribution remain regulated.
Company facts
Categories
Key statistics
Year to date +2.9% · Average volume (30d) 344.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jun 26, 2026 | UBS | Reiterate | Sell | $34 | $33 |
| Mar 10, 2026 | UBS | Reiterate | Sell | $35 | $34 |
| Dec 5, 2025 | UBS | Reiterate | Sell | $40 | $35 |
| Sep 5, 2025 | UBS | Reiterate | Sell | $45 | $40 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 1, 2026Q4 FY26 | $0.47 | $0.43 | −8.6% | $294.8M | $297.2M | +0.8% | +7.52% |
| Mar 12, 2026Q3 FY26 | $0.44 | $0.44 | −0.8% | $269.7M | $264.6M | −1.9% | +4.32% |
| Dec 11, 2025Q2 FY26 | $0.52 | $0.49 | −4.9% | $292.7M | $288.3M | −1.5% | −3.18% |
| Sep 11, 2025Q1 FY26 | $0.51 | $0.60 | +18.1% | $304.3M | $330.5M | +8.6% | −2.90% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $267.1M | $313.6M | $330.5M | $288.3M | $264.6M | $297.1M | |
| Gross profit | $99.0M | $113.2M | $125.5M | $109.2M | $108.1M | $94.5M | |
| Operating income | $50.6M | $57.5M | $70.8M | $58.0M | $59.6M | $41.6M | |
| Net income | $39.6M | $44.8M | $55.8M | $46.4M | $41.2M | $40.3M | |
| Diluted EPS | $0.42 | $0.48 | $0.60 | $0.49 | $0.44 | $0.43 | |
| Gross margin | 37.1% | 36.1% | 38.0% | 37.9% | 40.9% | 31.8% | |
| Operating margin | 18.9% | 18.3% | 21.4% | 20.1% | 22.5% | 14.0% |
Fiscal years (4-quarter sums)FY22 $1.14B · FY23 $1.17B · FY24 $1.19B · FY25 $1.20B · FY26 $1.18B
Balance sheet, May 2, 2026Cash & short-term investments $349.5M · Total debt $58.9M · Total assets $851.6M · Shareholders' equity $635.7M
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 13, 2026 | Jul 13 | Jul 30 | $3.25 | special dividend |
| Jun 24, 2024 | Jun 24 | Jul 24 | $3.25 | special dividend |
| Dec 10, 2021 | Dec 13 | Feb 11 | $3.00 | special dividend |
Ownership
Shares outstanding 93.61M · Float 23.68M · 25.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.27M | 4.56% | 13F | Aug 7, 2026 |
| Renaissance Technologies LLC | 2.84M | 3.03% | 13F | Aug 13, 2026 |
| Kayne Anderson Rudnick Investment Management LLC | 2.04M | 2.18% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 1.64M | 1.75% | 13F | Aug 11, 2026 |
| Vanguard Portfolio Management LLC | 1.57M | 1.68% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 20, 2026 | Glenn J. Waldman | director | +250 | $31.78 |
Peers
- PepsiCo
Broad beverage rival across sparkling water, soda, energy, and sports
- Coca-Cola
Total-beverage rival in soda, water, sports drinks, and juice
- Keurig Dr Pepper
North American refreshment peer across CSD, juice, water, and energy
- Primo Brands
Hydration rival in packaged water and flavored enhanced beverages
- Monster Beverage
Energy-drink specialist against Rip It in single-serve channels
- Celsius
Fast-growing zero-sugar energy rival to Rip It
- Zevia
Small clean-label soda rival in zero-sugar refreshment
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| National Beverage | $32.58 | −0.03% | $3.05B | 16.6 | 16.7 | 2.6 | −5.3% |
| PepsiCo | $141.75 | +0.48% | $192.70B | 18.5 | 16.2 | 2.0 | +6.4% |
| Coca-Cola | $89.75 | +0.11% | $385.77B | 26.9 | 26.5 | 7.7 | +6.7% |
| Keurig Dr Pepper | $32.50 | +1.03% | $43.78B | 32.4 | 13.1 | 2.2 | +75.6% |
| Primo Brands | $23.00 | +0.04% | $8.35B | 83.9 | 16.1 | 1.2 | +3.8% |
| Monster Beverage | $46.92 | +0.13% | $91.66B | 43.2 | 38.3 | 9.9 | +20.2% |
| Celsius | $32.98 | −0.03% | $8.43B | 157.0 | 21.4 | 2.8 | +10.6% |
| Zevia | $1.44 | −0.69% | $103.4M | — | — | 0.6 | +1.1% |
| Median | 37.8 | 18.8 | 2.2 | +6.7% |