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Zevia PBC (Symbol: ZVIA) is a pioneering beverage company dedicated to disrupting the liquid refreshment industry with its innovative, zero-calorie, zero-sugar, and naturally sweetened products. Founded in 2007, Zevia was the first company to introduce zero-calorie soda sweetened with stevia, setting a new standard in the industry. Today, Zevia continues to lead the zero-calorie, naturally sweetened beverage category with a diverse portfolio that includes sodas, energy drinks, organic teas, mixers, kids' drinks, and sparkling water, all of which are Non-GMO Project Verified.
Zevia's mission is to support the health of individuals and communities by providing beverages that cater to health-conscious consumers seeking alternatives to traditional sugary drinks. The company's product range is available across the U.S. and Canada through a robust network of retailers spanning food, drug, mass, natural, and e-commerce channels. Zevia derives the majority of its revenue from the United States, underscoring its strong market presence and consumer trust.
Committed to innovation and sustainability, Zevia is continuously reimagining its product offerings to challenge the status quo. The company's relentless pursuit of positive change in the beverage industry is fueled by its vision of creating a healthier world. Recent achievements include expanding its product lines and enhancing distribution channels, ensuring that more consumers have access to their refreshing and health-conscious beverage options.
Stay updated with the latest news and developments regarding Zevia PBC to understand how this dynamic company is shaping the future of the beverage industry.
Zevia announces a leadership transition effective August 1, 2022, with Amy Taylor succeeding Paddy Spence as CEO, while Spence retains his role as Chair of the Board. Taylor, who has been with Zevia since June 2021, has played a key role in shaping the company's strategy and leadership team. Under Spence's 12-year leadership, Zevia achieved a 31% compound annual growth rate in net sales and expanded its product portfolio significantly. The company emphasizes its commitment to providing zero-sugar beverages made from plant-based ingredients.
Zevia PBC (NYSE: ZVIA) announced that its CEO, Paddy Spence, and President, Amy Taylor, will participate in two investor conferences: the Goldman Sachs Global Staples Forum on May 17, 2022, and the BMO Global Farm to Market Conference on May 19, 2022, both in New York, NY. At these events, they will present and meet with investors. Live webcasts of their presentations will be available on the Company’s Investor Relations website. Zevia specializes in zero sugar beverages made from plant-based ingredients, distributed across over 31,000 retail locations in the U.S. and Canada.
Zevia PBC (NYSE: ZVIA) reported a 24% increase in net sales, reaching $38 million for Q1 2022, compared to $30.7 million in Q1 2021. Unit volume rose 21% to 3.4 million cases. However, the company experienced a net loss of $17.5 million, or $0.30 per diluted share, and a decline in gross profit margin from 46.2% to 38.4% due to inflation and rising costs. Adjusted EBITDA reflected a loss of $8.3 million. The company reiterated its full-year net sales growth guidance of 28% to 32%, projecting revenues between $177 million and $182 million.
Zevia PBC (NYSE:ZVIA) will release its Q1 financial results for the period ending March 31, 2022, before the market opens on May 12, 2022. The announcement will be followed by a conference call at 8:30 a.m. Eastern Time to discuss the results. Interested parties can listen to the call via the Investor Relations section of Zevia's website. A replay will be available for 30 days post-call, along with the earnings press release and supplemental financial disclosures.
Zevia PBC (NYSE: ZVIA) announced the appointments of Denise Beckles as Chief Financial Officer and Quincy Troupe as Chief Operating Officer, effective May 3 and June 13, 2022, respectively. Beckles, with over 25 years of finance leadership experience, aims to drive profitable growth, while Troupe, a veteran of the consumer-packaged goods industry, will focus on product innovation and supply chain optimization. The previous CFO, Bill Beech, and COO, Hank Margolis, are stepping down as part of this leadership transition.
Zevia PBC, trading under NYSE: ZVIA, has announced that its CEO, Paddy Spence, and President, Amy Taylor, will participate in two investor conferences. These include the BofA Securities Consumer & Retail Technology Conference on March 8-9, 2022, in New York, NY, and the UBS Global Consumer and Retail Conference on March 9-10, 2022, in Boston, MA. The presentations will be webcast live, with replays available afterward. Zevia offers a zero sugar, plant-based beverage portfolio, targeting health-conscious consumers.
Zevia PBC (NYSE: ZVIA) reported a strong fourth quarter with net sales increasing 23% to $34.2 million and a full-year increase of 26% to $138.2 million. The volume grew by 22% in Q4 and 25% for the year. However, the company faced a net loss of $37.4 million in Q4 and $87.7 million for 2021. Despite inflationary pressures impacting gross profit margins, expected net sales for 2022 are projected between $177 million and $182 million, indicating a robust growth outlook.
Zevia PBC (NYSE:ZVIA) will disclose its financial results for Q4 and full year 2021 on February 24, 2022, before the market opens. A conference call is scheduled for 8:30 a.m. ET to discuss the outcomes. Interested parties can access the webcast via Zevia's Investor Relations webpage or directly through a provided link. A replay will be available for 30 days post-call. Zevia offers zero sugar, calorie-free beverages, and is distributed in over 25,000 retail locations across the U.S. and Canada.
Zevia PBC (NYSE: ZVIA) has announced that its CEO, Paddy Spence, and President, Amy Taylor, will engage in a virtual fireside chat at the 2022 ICR Conference on January 10, 2022, at 10:00 a.m. ET. The event will be accessible via Zevia's Investor Relations website, with a replay available for 30 days post-event. Zevia is committed to providing zero sugar, naturally sweetened beverages made from plant-based ingredients, catering to health-conscious consumers. The company operates in over 25,000 retail locations across the U.S. and Canada, ensuring broad accessibility.
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