Overview
Zevia Q3 net sales grow 12.3%, beating analysts' expectations
Adjusted EBITDA loss beats analyst estimates, reflecting strategic growth efforts
Company reports Q3 net loss of $2.8 mln, flat from last year
Outlook
Company expects Q4 net sales between $39.0 mln and $41.0 mln
Zevia projects 2025 net sales between $162 mln and $164 mln
Company anticipates Q4 adjusted EBITDA loss between $0.25 mln and $0.75 mln
Result Drivers
VOLUME GROWTH - Sales volume increased 12.6% driven by expanded distribution at Walmart and Club channel
PACKAGING REFRESH - Gross profit margin declined to 45.6% from 49.1% due to higher inventory losses from packaging refresh and tariffs
COST SAVINGS - Selling expenses decreased due to savings in warehousing and freight transfer costs from Productivity Initiative
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $40.84 mln | $39.33 mln (4 Analysts) |
Q3 EPS | -$0.04 | ||
Q3 Adjusted EBITDA | Beat | -$1.72 mln | -$3.54 mln (4 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-alcoholic beverages peer group is "buy"
Wall Street's median 12-month price target for Zevia PBC is $5.00, about 53.8% above its November 4 closing price of $2.31
Press Release: ID:nBw83T5W2a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)