SodaStream (SODA) Tops Q2 EPS by 10c

SodaStream (NASDAQ: SODA) reported Q2 EPS of $0.64, $0.10 better than the analyst estimate of $0.54. Revenue for the quarter came in at $130.6 million versus the consensus estimate of $128.67 million.

"The strong momentum that we\'ve recently experienced building a global sparkling water franchise continued into the second quarter," commented Daniel Birnbaum, Chief Executive Officer of SodaStream. "Machine unit sales grew 35% year-over-year to 859,000 as the compelling benefits of our home carbonation system are resonating with an increasing number of consumers worldwide. At the same time, gas refill units were up 10% to an all-time record of 8.3 million, which is a great indication that our user base is active and growing. Financially, the significant improvement in profitability underscores the benefits of our enhanced manufacturing and expense structure and the power of our business model. We are confident that we are moving ahead with a balanced approach to increasing global household penetration and user retention, both generating greater shareholder value."

For earnings history and earnings-related data on SodaStream (SODA) click here.

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