National Beverage FIZZ Q1 2026 earnings

“Our first quarter Net Sales were negatively impacted by consumer sentiment and tariffs, as average selling price increases were largely offset by volume declines,**. **While market conditions remain soft, we are encouraged by the rebound in orders during August and are optimistic that improving volume/mix will resume growth going forward.**. Gross profit was also affected by higher packaging and ingredient costs, driven significantly by elevated aluminum commodity costs and tariffs. Aluminum costs alone negatively impacted gross margin by almost 600 basis points. Increases in fuel and freight further pressured both inbound and outbound shipping expenses. While we are disappointed to start the year with lower margins, the magnitude and convergence of these external pressures challenged our ability to respond as quickly as we historically have. In accordance with the request of the current administration, we have elected to absorb a portion of the tariff-related cost increases and continue to closely monitor these volatile market conditions. We believe recently instituted pricing actions, together with our disciplined operating focus, will improve performance.**”