National Beverage slides as higher input costs weigh on results
BUZZ-National Beverage slides as higher input costs weigh on results ** Shares of National Beverage FIZZ.O down 5.6% at $29.2 premarket after beverage maker misses estimates on Q1 earnings, revenue
** At current levels, stock to open at two-month low
** Co says higher input costs including prices of aluminum, fuel, freight and tariffs, along with weak consumer sentiment weighed on performance
** FIZZ's Q1 sales of $330.6 million miss estimates of $342 million — LSEG-compiled data
** Co's Q1 EPS of 50 cents/share misses Street expectations of 59 cents/share
** One of two analysts rates stock "hold", while another "sell"; their median PT is $32 — data compiled by LSEG
** Up to last close, stock is up 7% YTD
(Reporting by Johann M Cherian in Bengaluru)
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National Beverage slides as higher input costs weigh on results
National Beverage Corp. reports results for the quarter ended July 31 - Earnings Summary