“A reconciliation of the changes in the gross amount of unrecognized tax benefits, which amounts are included in other liabilities in the accompanying consolidated balance sheets, is as follows: (In thousands) 2025 2024 2023 Beginning balance $ 2,130 $ 2,096 $…”10-K · Jul 2, 2025 ↗
National Beverage Corp.
FIZZ
Market read
National Beverage Corp.'s move is being confirmed by its market group.
FIZZ accounts for 3.4% of the group's measured movement across 6.9 effective names. all 10 measured members are falling in raw terms, but 9 of 10 session-normalized paths align to the downside. Capital-flow agreement is 18%, so confirmation is not yet clean. No verified headline preceded the measured group move.
Is this move genuinely shared?
KDP, MO, KO moved materially before FIZZ. FIZZ crossed its material path threshold at 13:50 ET, 20 minutes after the first measured mover. MDT, CLX, MNST followed.
5 of 10 members in Packaged Foods & Beverages are active. 0 of 2 disclosed connections are confirming.
- At least 7 of 10 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as COKE begins moving with the group.
Invalidation: The live read weakens if participation falls to 3 of 10 members or fewer.
Research brief
The story so far
FIZZ accounts for 3.4% of the group's measured movement across 6.9 effective names. all 10 measured members are falling in raw terms, but 9 of 10 session-normalized paths align to the downside. Capital-flow agreement is 18%, so confirmation is not yet clean. No verified headline preceded the measured group move.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- At least 7 of 10 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as COKE begins moving with the group.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
No qualifying supportive evidence was identified.
- Latest annual revenue changed -1.7% year over year.
- P/E is 69% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 49% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 30, 2026
29.21Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“These items are subject to supply chain disruptions and price volatility caused by numerous factors, including recent changes in trade policy and increased or threatened increases in tariffs on imported goods.”10-K · Jul 2, 2025 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 2.3× · EV/sales 2.0×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:40 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for FIZZ. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for FIZZ. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind FIZZ
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
KDPKeurig Dr Pepper Inc.competitorJul 1, 2026 ▾
“Several competitors, including those that dominate the beverage industry, such as The Coca-Cola Company, PepsiCo, Keurig Dr.”
PEPPepsiCo, Inc.competitorJul 1, 2026 ▾
“Several competitors, including those that dominate the beverage industry, such as The Coca-Cola Company, PepsiCo, Keurig Dr.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
FIZZ is currently a Participant in the organic co-movement group Packaged Foods & Beverages. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.