National Beverage Corp. FIZZ, -0.26% on Thursday reported a rise in its second-quarter profit, due to a 6.8% increase in sales.
The Fort Lauderdale, Fla.-based maker of LaCroix reported a profit of $44.1 million, or 88 cents a share, compared with $33.9 million, or 72 cents a share, a year ago. Analysts polled by FactSet were expecting earnings of 90 cents a share.
Total sales rose to $260.7 million from $244.1 million a year earlier, driven by a 8.5% increase in branded case volume and higher prices. Analysts had expected $266 million in revenue in the quarter.
General expenses for the quarter increased to $51.4 million from $45.4 million due to higher distribution costs and marketing spending. The company said cost of sales per case increased 4.7% primarily due to higher aluminum and freight costs.
Write to Patrick Thomas at [email protected]