SodaStream (NASDAQ: SODA) reported Q1 EPS of $0.29, $0.18 better than the analyst estimate of $0.11. Revenue for the quarter came in at $100.9 million versus the consensus estimate of $89 million.

"Our first quarter results demonstrate that our growth plan, which centers on repositioning the SodaStream brand around sparkling water and building a stronger, more efficient organization, has started to take hold," commented Daniel Birnbaum, Chief Executive Officer of SodaStream. "Sales exceeded our expectations driven by strong gains in Europe as our new messaging fueled increased demand for sparkling water makers, gas refills and our enhanced flavor line in turnaround markets like France and the Nordics, while we experienced continued growth in our established countries of Germany, Austria and Switzerland. At the same time, our operating performance reflects the benefits from the consolidation of our manufacturing and logistics activities into our new state-of-the-art facility in Lehavim. We move forward focused on continuing to execute our growth plan including in the U.S. where our efforts are concentrated on developing the right marketing message and enhancing our in-store presence. We are confident that the work we are doing will lead to increased profitability and greater shareholder value over the long-term."

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