Shares of LaCroix parent company National Beverage Corporation (FIZZ) have held up relatively well amongst a broader market selloff. Over the past month, shares are up a little over 2% versus a 17% decline in the S&P 500. Since early February, we’ve heard some positive news from the company, including a victory in the court case challenging LaCroix’s “natural ingredient label,” as well as positive quarterly results. Management claimed sales of LaCroix grew in Q3’20, after a 3% decline in calendar year 2019 sales, per estimates.
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