Previous Close | 0.8701 |
Open | 0.8580 |
Bid | 0.8200 x 1100 |
Ask | 0.9500 x 2200 |
Day's Range | 0.8327 - 0.9073 |
52 Week Range | 0.7800 - 4.8000 |
Volume | |
Avg. Volume | 181,039 |
Market Cap | 57.522M |
Beta (5Y Monthly) | 0.66 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -1.3210 |
Earnings Date | Aug 06, 2024 - Aug 12, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 2.31 |
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