earnings
confidence high
sentiment negative
materiality 0.70
Zevia Q2 net sales $40.4M beat guidance; net loss widens to $7.0M
Zevia PBC
2024-Q2 EPS reported
-$0.20
revenue$79,225,000
- Net sales $40.4M, down 4.3% YoY; volumes fell 5.9%, partially offset by higher price realizations.
- Net loss $7.0M ($0.10 diluted loss per share) vs. $5.0M loss a year ago; adjusted EBITDA loss $4.4M.
- Gross margin 41.9%, down 470 bps due to inventory write-downs and higher unit costs.
- Productivity initiative now expected to deliver $12M in annualized savings.
- FY 2024 net sales guidance reaffirmed at $158M-$166M; Q3 guidance $37M-$40M.