SodaStream (SODA) Tops Q4 EPS by 7c

SodaStream (NASDAQ: SODA) reported Q4 EPS of $0.24, $0.07 better than the analyst estimate of $0.17. Revenue for the quarter came in at $124.4 million versus the consensus estimate of $110.15 million.

Daniel Birnbaum, Chief Executive Officer of SodaStream, commented, “The past year was a period of significant change as we sought to set the company on a course for renewed growth moving forward. We began repositioning SodaStream as a healthy water brand and launched our new portfolio of enhanced better-for-you flavors, completed the consolidation of our manufacturing base in our new state-of-the-art plant in Lehavim, and reconfigured our regional management structure including new leadership in key markets. During the fourth quarter, we began to witness the benefits of our efforts to create a stronger, more efficient organization and capture the market opportunity as consumers rapidly shift from sugared soft drinks to healthier water-based products. Fourth quarter sales were up sequentially and roughly flat year-over-year on a constant currency basis, while operating income was ahead of plan as we meaningfully leveraged selling and marketing expenses. There is still work ahead of us in order to position the company for consistent profitable growth, but I am confident that our recent actions have us heading in the right direction and will create value for shareholders over the long-term.”

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

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