国家饮料公司2025年季度报告

FORM10-Q ☑Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the Quarterly Period EndedAugust 2, 2025or☐Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number1-14170 NATIONAL BEVERAGE CORP.(Exact name of registrant as specified in its charter) (954)581-0922(Registrant’s telephone number including area code)Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submitsuch files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reportingcompany”, and “emerging growth company” in Rule 12b-2 of the Exchange Act.Large accelerated filer☑Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☑ The number of shares of registrant’s common stock outstanding as of September 9, 2025 was93,620,246. NATIONAL BEVERAGE CORP.QUARTERLY REPORT ON FORM 10-QINDEX PART I - FINANCIAL INFORMATION Item 1. Financial Statements (Unaudited)PageCondensed Consolidated Balance Sheets as of August 2, 2025 and May 3, 20253Condensed Consolidated Statements of Income for the Three Fiscal Months Ended August 2, 2025 and July 27, 20244Condensed Consolidated Statements of Comprehensive Income for the Three Fiscal Months Ended August 2, 2025 and July 27,20245Condensed Consolidated Statements of Shareholders’Equity for the Three Fiscal Months Ended August 2, 2025 and July 27,20246Condensed Consolidated Statements of Cash Flows for the Three Fiscal Months Ended August 2, 2025 and July 27, 20247Notes to Condensed Consolidated Financial Statements8Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations13Item 3. Quantitative and Qualitative Disclosures about Market Risk15Item 4. Controls and Procedures15PART II - OTHER INFORMATIONItem 1A. Risk Factors17Item 5. Other Information17Item 6. Exhibits17Signature18 PART I - FINANCIAL INFORMATION (In thousands, except share data) NATIONAL BEVERAGE CORP. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)(In thousands, except per share amounts) NATIONAL BEVERAGE CORP. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) National Beverage Corp. develops, produces, markets and sells a distinctive portfolio of sparkling waters, juices, energy drinks andcarbonated soft drinks primarily in the United States. Incorporated in Delaware in1985,National Beverage Corp. is a holding companyfor various operating subsidiaries. When used in this report, the terms “we,” “us,” “our,” “Company” and “National Beverage” meanNational Beverage Corp. and its subsidiaries. 1.SIGNIFICANT ACCOUNTING POLICIES Basis of PresentationThe condensed consolidated financial statements include the accounts of National Beverage Corp. and its subsidiaries. All significant intercompany transactions and accounts have been eliminated. The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with United StatesGenerally Accepted Accounting Principles and rules and regulations of the Securities and Exchange Commission for interim financialreporting. Accordingly, they donotinclude all information and notes presented in the annual consolidated financial statements. Thecondensed consolidated financial statements should be read in conjunction with the annual consolidated financial statements andaccompanying notes included in our Annual Report on Form10-K for the fiscal year endedMay 3, 2025.The accounting policies usedin these interim unaudited condensed consolidated financial statements are consistent with those used in the annual consolidatedfinancial statements. Segment ReportingThe Company operates as a single operating segment for purposes of presenti