Zevia reports Q1 EPS (8c), consensus (10c)

Reports Q1 revenue $38.0M, consensus $37.3M. “We are pleased to have delivered net sales at the high end of our guidance while meaningfully exceeding our adjusted EBITDA expectations for the first quarter,” said Amy Taylor, President and Chief Executive Officer of Zevia (ZVIA). “Both our innovation and marketing strategies are yielding strong response. Our new variety pack is now the best-selling Zevia SKU at Walmart and we launched an exciting marketing campaign which drove record engagement. We are encouraged by the progress we are making as we continue to reinvest cost savings from our Productivity Initiative into building our brand. As we look ahead, we remain focused on advancing our strategic growth pillars including elevating our marketing to deliver a sharpened brand identity, building a robust product innovation pipeline featuring our enhanced taste profile and increasing accessibility through distribution expansion. We are excited by our long-term opportunity given our differentiated position within the fast-growing better-for-you soda category.”