SodaStream beats by $0.16, beats on revs :
- Reports Q2 (Jun) earnings of $0.37 per share, $0.16 better than the Capital IQ Consensus of $0.21; revenues rose 19.4% year/year to $119.2 mln vs the $107.65 mln Capital IQ Consensus, primarily driven by increased consumer demand for sparkling water makers and consumables mainly in Germany, Canada, Japan, France and South Korea.
- Gross margin increased to 50.7% compared to 50.3% for the same period in 2015 mainly due production optimization in the Lehavim plant partially offset by higher portion of sparkling water makers in the products mix.
- "Our work repositioning the SodaStream brand around sparkling water and effectively communicating the compelling benefits of our home carbonation system helped drive double digit revenue growth in each of our four geographic regions. Importantly, we advanced our position as the world's largest sparkling water brand with an all-time-record high quarter of 7.5 million gas refills. Our performance also included a sharp acceleration in sparkling water maker sales as our marketing programs aimed at increasing household penetration are resonating with consumers. Importantly, we increased profitability at an even faster pace than revenue driven by gross margin improvements and operating efficiencies gained from the consolidation of our manufacturing and logistics activities into our new state-of-the-art facility in Lehavim."
No comments:
Post a Comment