SodaStream International (SODA) Tops Q3 EPS by 6c

SodaStream International (NASDAQ: SODA) reported Q3 EPS of $0.45, $0.06 better than the analyst estimate of $0.39. Revenue for the quarter came in at $125.9 million versus the consensus estimate of $131.74 million.

"As we previously announced, our third quarter performance was pressured by challenging selling conditions for soda makers and flavors primarily in the U.S.," said Daniel Birnbaum, Chief Executive Officer of SodaStream. "Our performance outside the U.S. was mixed during the third quarter with strength in company operated markets such as Germany, Australia, Canada and Switzerland, partially offset by declines in distributor markets, namely France and the Czech Republic. Today, we are introducing a comprehensive growth plan that will serve as our blueprint for returning SodaStream to profitable growth. We are fully committed to getting the company back on track and leverage the unique opportunity we have to fulfill our role in the transformation underway in the beverage industry."

Guidance

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

• The Company now expects full year 2014 revenue to decrease approximately 9% over 2013 revenue of $562.7 million.
• The Company now expects full year 2014 EBITDA to decrease approximately 26% over 2013 EBITDA of $62.2 million.
• The Company now expects full year 2014 net income to decrease approximately 42% over 2013 net income of $42.0 million.

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

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