MEDIUMBuilt-inProduct / Revenue mix
LaCroix Sparkling Water most significant brand
“10-K Item 1: 'LaCroix Sparkling Water, our most significant brand'”
FIZZ · Concentration risk · 10-K extracted
National Beverage (FIZZ) concentration risks
Updated
The most significant concentration National Beverage discloses is LaCroix Sparkling Water most significant brand, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: National Beverage’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-04National Beverage's single disclosed concentration is a structural product exposure. The 10-K describes LaCroix Sparkling Water as its most significant brand, a medium-share exposure. The filing gives no percentage of revenue, so the size is described only by that band. This is a feature of the portfolio rather than a counterparty dependency: results are tied to the brand's consumer demand, shelf placement, pricing and competition from other sparkling water offerings, instead of to any one customer or supplier. A change in the brand's momentum would flow through to total results more directly than a similar change in a smaller brand. No customer, supplier or geographic concentration is disclosed in the sources reviewed, so there is nothing else to net against this exposure. It is a slow-moving, brand-level sensitivity rather than an abrupt event risk, and investors should look to brand trends and category data for evidence on whether it is strengthening or weakening.
For the engine’s reasoning on FIZZ’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Beverages - Non-Alcoholic
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| COCO | The Vita Coco Company, Inc. | 3 | 1 | 0 | 4 |
| KO | Coca-Cola Company (The) | 2 | 3 | 0 | 5 |
| COKE | Coca-Cola Consolidated, Inc. | 1 | 0 | 2 | 3 |
| CELH | Celsius Holdings, Inc. | 0 | 1 | 0 | 1 |
| FIZZ● | National Beverage Corp. | 0 | 1 | 0 | 1 |
| KDP | Keurig Dr Pepper Inc. | 0 | 0 | 1 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.