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.
Zevia PBC (NYSE: ZVIA) delivers innovative, zero-calorie beverages sweetened naturally with stevia, serving health-conscious consumers through sodas, energy drinks, and organic teas. This news hub provides official updates on corporate developments, financial performance, and product innovations from the industry-leading better-for-you beverage company.
Access timely announcements including quarterly earnings reports, strategic partnerships, new flavor launches, and sustainability initiatives. Investors will find essential updates on operational milestones while consumers discover information about product availability and nutritional advancements.
All content is sourced directly from Zevia's corporate communications, ensuring accuracy for stakeholders tracking this Certified B Corporation's progress in redefining the beverage industry. Bookmark this page for verified updates on ZVIA's market expansion and commitment to reducing sugar consumption through innovative formulations.
Zevia PBC (NYSE:ZVIA) is set to release its financial results for the third quarter ended September 30, 2022, before the market opens on Thursday, November 10, 2022. A conference call will follow at 8:30 a.m. Eastern Time to discuss these results.
Interested parties can access the conference call via the Investor Relations section of Zevia's website, with a replay available for 30 days post-call. Zevia, a public benefit corporation, offers a range of zero sugar, zero calorie beverages, and is distributed in over 31,000 retail locations in the U.S. and Canada.
Zevia PBC (NYSE: ZVIA) reported a 33% increase in net sales, reaching $45.5 million for Q2 2022, driven by a 30% rise in unit volume. The company reiterated its full-year guidance of $177-$182 million in net sales, anticipating an 18%-23% growth in Q3 2022. Despite strong revenue growth, Zevia reported a net loss of $14.8 million, or $0.28 per diluted share, impacted by inflationary pressures and increased expenses. Gross profit margin fell to 38.1%, down from 47.3% year-over-year. The company aims to enhance margins in the latter half of the year through pricing strategies and operational efficiencies.
Zevia PBC (NYSE: ZVIA) has appointed Greig P. DeBow, Jr. as Chief Commercial Officer, effective immediately. With over 25 years in the beverage and consumer-packaged goods sectors, DeBow is tasked with enhancing revenue growth and market development for the Zevia brand. Previously, he held senior roles at Jack Link’s Protein Snacks and Danone North America, contributing significantly to their commercial success. This strategic appointment aims to refine Zevia's go-to-market strategy and drive profitable growth while addressing global health challenges related to sugar consumption.
Zevia PBC (NYSE:ZVIA) will announce its financial results for Q2 2022 on August 11, 2022, prior to market open. A conference call to discuss the results will follow at 8:30 a.m. ET. Investors can listen to the call via the Investor Relations section of Zevia's website. The company offers a range of zero sugar, zero calorie beverages, and is distributed in over 31,000 retail locations across the U.S. and Canada.
Zevia PBC (NYSE: ZVIA) announced the appointment of David J. Lee to its Board of Directors, effective July 20, 2022. Lee, currently serving as President of AppHarvest, brings over two decades of experience in consumer goods, retail, and plant-based food sectors. His expertise in strategy, operations, and finance aligns with Zevia's mission of providing zero-sugar beverages. Both President Amy Taylor and CEO Paddy Spence emphasized Lee's potential contributions to the company's growth strategy.
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.
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