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Zevia PBC (ZVIA)
NYSE:ZVIA
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.14Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2021
|% Change Since: 340.37%
|Next Earnings Date:Aug 12, 2021
Earnings Call Sentiment|Neutral
The earnings call highlighted significant improvements in adjusted EBITDA and gross margin, driven by strong productivity initiatives and successful product innovations. However, these positives were somewhat offset by a notable decline in net sales due to distribution challenges. Despite these setbacks, the company's strategic expansion into Walmart and increased cost savings target provide a positive outlook.Company Guidance
During the Zevia Q3 2024 earnings call, several key metrics and guidance highlights were discussed. The company reported a 16% decline in net sales year-over-year, totaling $36.4 million, primarily due to reduced club distribution and strategic category exits. However, there was a significant improvement in adjusted EBITDA loss, which decreased to $1.5 million from $9.1 million in the previous year, aided by productivity initiatives and cost efficiencies that also delivered a record gross margin of 49%. The company raised its annual cost savings target to $15 million, up from $12 million. Looking ahead, Zevia anticipates Q4 net sales between $38 million to $40 million, reflecting 3% growth at the midpoint and expects an adjusted EBITDA loss ranging from $1.8 million to $2.2 million. The company is also optimistic about its expansion into 4,300 Walmart stores and plans to achieve positive adjusted EBITDA by 2026.Improvement in Adjusted EBITDA
Q3 adjusted EBITDA loss improved to $1.5 million from $9.1 million in the same quarter last year, illustrating strong execution of productivity initiatives.
Record Gross Margin
Achieved a record gross margin of 49%, up 370 basis points from the previous year, due to enhanced efficiencies, cost savings, and better product costing.
Walmart Expansion
Rolling out Zevia to over 4,300 Walmart locations, significantly expanding distribution and expected to drive brand awareness nationwide.
New Product Innovations
Successful launch of new flavors like Cran-Raspberry and limited-time Salted Caramel, contributing to growth in the natural channel.
Increased Cost Savings Target
Annual cost savings target increased to $15 million from the initial $12 million due to productivity initiatives.
Growth in Key Channels
Grocery channel scan data showed dollar growth of 8% and unit growth of 9% for Q3, with further acceleration in October.
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ZVIA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ZVIA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $1.09 | $1.08 | -0.92% |
| Aug 07, 2024 | $0.90 | $0.82 | -8.89% |
| May 08, 2024 | $1.04 | $0.86 | -17.31% |
| Feb 27, 2024 | $1.61 | $1.73 | +7.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Zevia PBC (ZVIA) report earnings?
Zevia PBC (ZVIA) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Zevia PBC (ZVIA) earnings time?
Zevia PBC (ZVIA) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ZVIA EPS forecast?
ZVIA EPS forecast for the fiscal quarter 2024 (Q4) is -0.07.
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