SodaStream Int'l (SODA) Tops Q1 EPS by 7c, Sales Beat

SodaStream Int'l (NASDAQ: SODA) reported Q1 EPS of $0.08, $0.07 better than the analyst estimate of $0.01. Revenue for the quarter came in at $118.2 million versus the consensus estimate of $117.96 million.

"Our first quarter results were generally in-line with our expectations and reflect strong growth outside the U.S. offset by the negative impact on soda maker sell-in in the U.S. from the challenging holiday season," said Daniel Birnbaum, Chief Executive Officer of SodaStream. "Our global base of SodaStream users inclusive of the U.S. remains very active evidenced by strong consumable sales growth, giving us added conviction in the attractiveness of our home carbonation system. We are in the process of adjusting our marketing and selling strategies in order to reaccelerate soda maker demand and further increase household penetration. We are confident that our long history leading the evolution of home carbonation continues to provide us with strong competitive advantages and compelling growth opportunities across the globe."

Guidance

Based on first quarter results and current projections for the remainder of the year, the Company is maintaining its outlook:

• The Company still expects full year 2014 revenue to increase approximately 15% over 2013 revenue of $562.7 million.
• The Company still expects full year 2014 EBITDA to increase approximately 11% over 2013 EBITDA of $62.2 million. Excluding changes in foreign currency exchange rates compared to 2013, the Company expects 2014 EBITDA to increase approximately 25% over 2013.
• The Company still expects full year 2014 net income to increase approximately 3% over 2013 net income of $42.0 million

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

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