Distribution ExpansionThe company's expanded distribution into more than 4,300 U.S. Walmart stores, as part of Walmart’s new modern soda set featuring better-for-you low/no sugar sodas, appears to be off to a strong start.
Margin ImprovementDespite 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.
Retail PartnershipsZevia believes that it is well positioned to capitalize on the broadening retail trend with Albertsons planning to launch its own better-for-you soda set.