Welcome to our dedicated page for Zevia PBC news (Ticker: $ZVIA), a resource for investors and traders seeking the latest updates and insights on Zevia PBC stock.
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Zevia announced its first quarter 2024 results, highlighting a 10.4% decrease in net sales and unit volume, a gross profit margin of 45.7%, and a net loss of $7.2 million. The company reported a focused productivity initiative targeting cost benefits of $8-$12 million annually, amidst challenges faced in 2023. Zevia aims to re-energize growth in the latter part of the year by launching regional direct-store-delivery partnerships and driving towards profitability.
Zevia, a leading producer of zero sugar beverages, will be participating in two upcoming investor conferences, the Goldman Sachs Global Staples Forum, and the BMO Global Farm to Market Conference. President Amy Taylor and CFO Girish Satya will present at these events, providing insights into the company's growth strategies and financial performance.