SodaStream (SODA) Tops Q2 EPS by 16c

SodaStream (NASDAQ: SODA) reported Q2 EPS of $0.37, $0.16 better than the analyst estimate of $0.21. Revenue for the quarter came in at $119.2 million versus the consensus estimate of $105.72 million.

"There were several highlights from the second quarter that reinforce our confidence in the strategic course we have set for the Company," commented Daniel Birnbaum, Chief Executive Officer of SodaStream. "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. While we are pleased with our recent results, our focus is firmly on the future and the continued successful execution of our long-term growth plans."

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

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