National Beverage Income Statement

Financials in millions USD. Fiscal year is June - May.

Millions USD. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 1, 2025	May '25 May 3, 2025	Apr '24 Apr 27, 2024	Apr '23 Apr 29, 2023	Apr '22 Apr 30, 2022	May '21 May 1, 2021
Revenue	1,200	1,201	1,192	1,173	1,138	1,072
Revenue Growth (YoY)	0.97%	0.81%	1.60%	3.07%	6.14%	7.18%
Cost of Revenue	752.72	757.41	763.24	776.14	720.21	650.59
Gross Profit	446.81	443.94	428.45	396.79	417.81	421.62
Selling, General & Admin	209.91	208.48	209.94	210.11	209.95	193.79
Operating Expenses	209.91	208.48	209.94	210.11	209.95	193.79
Operating Income	236.9	235.46	218.51	186.68	207.86	227.83
Interest & Investment Income	8.3	9.3	12.2	-	-	-
Other Non Operating Income (Expenses)	-0.38	-0.2	-0.86	-0.24	-0.26	0.31
EBT Excluding Unusual Items	244.82	244.56	229.85	186.44	207.6	228.14
Pretax Income	244.82	244.56	229.85	186.44	207.6	228.14
Income Tax Expense	58.29	57.74	53.12	44.28	49.08	53.99
Net Income	186.53	186.82	176.73	142.16	158.51	174.15
Net Income to Common	186.53	186.82	176.73	142.16	158.51	174.15
Net Income Growth	0.43%	5.71%	24.32%	-10.31%	-8.98%	33.99%
Shares Outstanding (Basic)	94	94	93	93	93	93
Shares Outstanding (Diluted)	94	94	94	94	94	94
Shares Change (YoY)	0.02%	0.06%	0.02%	0.01%	-0.02%	-0.04%
EPS (Basic)	1.99	2.00	1.89	1.52	1.70	1.87
EPS (Diluted)	1.99	1.99	1.89	1.52	1.69	1.86
EPS Growth	0.50%	5.29%	24.34%	-10.06%	-9.14%	33.81%
Free Cash Flow	156.84	170.42	167.61	139.69	104.12	168.46
Free Cash Flow Per Share	1.67	1.82	1.79	1.49	1.11	1.80
Gross Margin	37.25%	36.95%	35.95%	33.83%	36.71%	39.32%
Operating Margin	19.75%	19.60%	18.34%	15.92%	18.27%	21.25%
Profit Margin	15.55%	15.55%	14.83%	12.12%	13.93%	16.24%
Free Cash Flow Margin	13.08%	14.19%	14.06%	11.91%	9.15%	15.71%
EBITDA	258.16	256.26	238.67	206.73	226.4	245.92
EBITDA Margin	21.52%	21.33%	20.03%	17.63%	19.89%	22.94%
D&A For EBITDA	21.26	20.8	20.16	20.04	18.54	18.1
EBIT	236.9	235.46	218.51	186.68	207.86	227.83
EBIT Margin	19.75%	19.60%	18.34%	15.92%	18.27%	21.25%
Effective Tax Rate	23.81%	23.61%	23.11%	23.75%	23.64%	23.67%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.