SodaStream International Ltd. Earnings: Here’s Why Investors are Not Excited Now
SodaStream International Ltd. (NASDAQ:SODA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 3.79%.
SodaStream International Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 40.63% to $0.45 in the quarter versus EPS of $0.32 in the year-earlier quarter.
Revenue: Rose 75.14% to $132.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: SodaStream International Ltd. reported adjusted EPS income of $0.45 per share. By that measure, the company beat the mean analyst estimate of $0.39. It beat the average revenue estimate of $121.54 million.
Quoting Management: “Our fourth quarter performance was marked by significant growth in all major areas of our business and represents a strong finish to another record year,” said Daniel Birnbaum, Chief Executive Officer of SodaStream. “Our efforts throughout 2012 to increase global awareness of our brand and category and expand our retail presence culminated in a very successful holiday season. For the first time ever we exceeded 1 million soda makers sold in a quarter, resulting in approximately 3.5 million soda makers for the year. Notably, U.S. sell-through of soda makers and consumables exceeded expectations, continuing our growth trajectory in the world’s biggest soda market. We believe the growing strength of our brand equity driven by our new branding campaign, strategic partnerships and innovative product portfolio, including our newest soda maker, the Source, all set the stage for continued growth in 2013 and beyond.”
Key Stats (on next page)…