LaCroix Maker Reports Strong 4Q and 'Corporate Endorphins' -- Market Talk

Dow Jones06-27

1906 ET - LaCroix maker National Beverage, not the kind of company to drone on about "adjusted Ebitda" in its earnings releases, says there are "Corporate Endorphins at Work." It reports a 4Q sales increase to $297.3 million from $286.7 million, with earnings per share rising to 47 cents from 39 cents. The company reports a favorable response for its new LaCroix variety Mojito and its Rip It energy drinks. Two weeks after announcing a special dividend of $3.25, National Beverage says, "As endorphins stimulate the human body, philosophy and strategy are endorphins for a corporate entity. These endorphins are reflected in what is written on the checks of the recently announced dividend." Shares rise 2% after hours to $45. (josh.beckerman@wsj.com)

(END) Dow Jones Newswires

June 26, 2024 19:06 ET (23:06 GMT)

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