Previous Close | 0.0500 |
Open | 0.0500 |
Bid | 0.0000 |
Ask | 0.1000 |
Strike | 2.50 |
Expire Date | 2024-08-16 |
Day's Range | 0.0500 - 0.0500 |
Contract Range | N/A |
Volume | |
Open Interest | 344 |
Despite a dip in net sales and an increase in net loss, Zevia PBC outlines robust productivity initiatives and strategic distribution plans to bolster future growth.
Shares of beverage company Zevia (NYSE:ZVIA) fell 20.6% in the morning session after the company reported first-quarter results, with revenue falling below analysts' expectations. Management attributed the weak sales performance to a delay in the recovery of SKU level distribution at retailers as well as "fulfillment challenges we faced in 2023," leading to a 10% decline in volumes during the quarter. Looking ahead, Its revenue guidance for both the next quarter and the full year missed analysts