Distribution ExpansionZVIA achieved high end of 1Q sales guidance behind Walmart distribution gains and successful marketing campaign.
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.
Retail PartnershipsThe 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.