LaCroix named official sparkling water of Inter Miami CF By Investing.com

FORT LAUDERDALE – National Beverage Corp. (NASDAQ: NASDAQ:), the maker of LaCroix sparkling water, has formed a partnership with Major League Soccer team Inter Miami CF, becoming the official sparkling water of the club. The announcement comes as a move to deepen community ties and promote health and wellness in South Florida, where both the beverage company and the soccer team are based.

The collaboration will feature LaCroix during Inter Miami CF’s matches and events, aiming to enhance the fan experience with the brand’s variety of sparkling water flavors. The partnership also extends to the team’s youth soccer initiatives, supporting young athletes and encouraging active participation in sports.

National Beverage Corp. emphasized that the partnership aligns with LaCroix’s commitment to wellness and active living. The company sees this as an opportunity to further engage with the local community and to support family-oriented activities and values.

Inter Miami CF has gained attention for its dynamic style and strong community involvement since joining the MLS. The team’s partnership with LaCroix is expected to offer additional marketing and promotional activities, particularly with retailers throughout South Florida.

This collaboration marks a significant step for both organizations in their efforts to make a positive impact on the local community, with a focus on promoting a healthy lifestyle through sports and hydration. The partnership is based on a shared dedication to excellence and community values, aiming to bring together fans, families, and athletes in South Florida.

In other recent news, National Beverage Corp. has announced a special cash dividend of $3.25 per share, marking the twelfth such payout in the past two decades. This development comes as the company continues to exhibit strong market performance, with eleven consecutive quarters of record sales, increased gross profits, and operating income. These achievements are attributed to innovative products and a robust balance sheet.

National Beverage is set to release its fiscal year results soon, which are anticipated to reflect the company’s sustained momentum in sales and profitability. Furthermore, the company has demonstrated its dedication to innovation in the beverage industry with the introduction of a new LaCroix flavor, Mojito, thereby expanding its diverse product range. This focus on flavor innovation and packaging has been instrumental in maintaining its position in the sparkling water market.

InvestingPro Insights

National Beverage Corp. (NASDAQ: FIZZ), known for its LaCroix brand, has demonstrated a strong financial position, with more cash than debt on its balance sheet, which may offer the company flexibility in its operations and strategic initiatives, such as the recent partnership with Inter Miami CF. The company’s commitment to wellness and active living is not only reflected in its marketing and community outreach but also in its financial health, as indicated by the fact that liquid assets exceed short-term obligations.

InvestingPro data highlights National Beverage Corp.’s robust market presence with a market cap of approximately $4.52 billion. Despite a modest revenue growth of 0.91% over the last twelve months as of Q3 2024, the company maintains a strong gross profit margin of 35.72%, underpinning its ability to sustain profitability. An important consideration for investors is the company’s valuation; it is currently trading at a high P/E ratio of 26.66, which suggests a premium relative to near-term earnings growth. This valuation metric is particularly relevant in light of the partnership with Inter Miami CF, as such collaborations could influence brand perception and future earnings potential.

For those looking to delve deeper into National Beverage Corp.’s financials and future outlook, there are additional InvestingPro Tips available. These include insights into the company’s profitability, historical returns, and dividend policy. For example, analysts predict that the company will be profitable this year, and it has been profitable over the last twelve months. Additionally, the company has seen a strong return over the last decade and the last five years, although it does not pay a dividend to shareholders.

To explore these insights further and access more detailed analysis, readers can visit InvestingPro at https://www.investing.com/pro/FIZZ. There are 6 additional InvestingPro Tips available, which could be invaluable for those considering an investment in National Beverage Corp. Moreover, interested readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing even more value to your investment research.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.