Zevia Q3 net loss improves to $2.8M; expands Walmart distribution to 4,300 stores

Zevia PBC

2024-Q3 EPS reported -$0.25 revenue$115,591,000

Net sales $36.4M, down 15.6% YoY; gross margin up 3.7 pp to 49.1%.
Net loss improved $8.4M to $2.8M; Adjusted EBITDA loss improved $7.6M to $1.5M.
Loss per share $0.04, improved from $0.16 YoY.
Expanded nationwide Walmart distribution from 800 to 4,300 stores post-quarter.
FY 2024 net sales guidance $154-$156M; expects Q4 net sales $38-$40M.

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