Zevia reports Q2 EPS (8c), consensus (15c)

Reports Q2 revenue $42.24M, consensus $43.28M. “Demand and brand health remain strong even in the midst of short-term service level disruption in the quarter, which we are taking swift actions to address and resolve by or before year-end,” said Amy Taylor, president and CEO. “Our order book exceeded our expectations through the quarter and was reflective of double-digit growth in velocity, bolstered by the Zevia brand refresh, strong new flavors, and key initiatives to expand our retail presence. Well-executed pricing actions supporting our ‘premium-but-accessible’ positioning have been well received and continue to deliver margin improvement. We remain focused on delivering sustainable, profitable growth by capitalizing on the strong demand for the Zevia brand, improving profitability, stabilizing and optimizing our supply chain, and ultimately, advancing our mission of impacting global health for people and the planet.”