Zevia preliminary Q2 net sales ~$42M vs outlook $48-51M; FY guidance cut

Zevia PBC

2023-Q2 EPS reported -$0.11 revenue$85,541,000

Preliminary Q2 net sales ~$42M, below prior outlook of $48M-$51M due to supply chain disruptions.
Full-year 2023 net sales guidance lowered to $163M-$168M from prior $180M-$190M.
Demand strong; fulfillment rates fell sharply in late Q2; supply chain leadership changed.
Company expects supply chain issues resolved by end of 2023; Q2 price increase executed.
Final Q2 results to be announced Aug 8, 2023; operations transition paused to restore service.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Zevia PBC reported second quarter ended June 30, 2023 results: revenue $42 million.

Period: second quarter ended June 30, 2023
Revenue: $42 million
Result: preliminary results

Exact text from the filing

Second quarter net sales are expected to be approximately $42 million versus prior outlook of a range of $48 million to $51 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Zevia PBC reported full year of 2023 results: revenue in the range of $163 million to $168 million. Guidance lowered.

Period: full year of 2023
Revenue: in the range of $163 million to $168 million
Guidance: lowered
Result: guidance update

Exact text from the filing

Net sales for 2023 are now expected to be in the range of $163 million to $168 million compared to prior guidance of $180 million to $190 million

View on SEC.gov

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Source: SEC EDGAR

accession 0000950170-23-034059

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