Distribution ExpansionThe company's expanded distribution into more than 4,300 U.S. Walmart stores should help drive awareness and trial for the category.
Financial PerformanceDespite the lack of topline leverage, gross margins were stronger than expected, up 440 basis points year-over-year to a record 50.1%, driven by lower product costs and improved inventory management.
Market PositioningZevia is a compelling long-term growth vehicle well-positioned to capitalize on consumer shift to better-for-you, drive meaningful sales growth over time, and vastly improve its margin structure.