FIZZ Falls Flat Despite Biggest Ever La Croix Quarter By

FIZZ Falls Flat Despite Biggest Ever La Croix Quarter By

© Reuters.

By Christiana Sciaudone — FIZZ sold the most bubbles ever, but that did nothing to uplift investor spirits.

The maker of La Croix bubbly water reported sales of $293 million, its best quarter ever, but missed the estimate of $296 million. Earnings per share of $1.10 compare to the expected 91 cents. 

The stock is trading down about 5%. 

Net sales were the highest for a quarter in the company’s history, an 11.3% increase from 2019, while gross profit of $117 million represented a 21% increase from the prior year. 

Shares are up 50% this year. Most analysts aren’t too excited about National Beverage (NASDAQ:) Corp., with three rating the stock a sell, one saying hold and nary a buy in sight.

There’s plenty of competition out there for La Croix. In 2018, Pepsi launched Bubly, which is already the fourth biggest fizzy water seller in the U.S. this year, right behind La Croix, according to Statista. Talking Rain Beverage Company’s Sparkling Ice comes in second place, with private label bubblies in first.


Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

About us

InvestLab is a financial services technology company focused on the global trading market. Founded in 2010 in Hong Kong, the company develops trading, market data, and social research products that enable individual investors and small to mid-size brokers to access global markets. We provide brokers and financial institutions cross border capabilities for retail investors into 43 markets globally.