SodaStream Net Rises 19.5 Percent in Q1
May 8, 2013,
[caption id="attachment_13083" align="alignleft" width="225"] [/caption]
AIRPORT CITY, Israel-First-quarter net income for SodaStream reached $12.1 million, 19.5 percent ahead of its first quarter of last year.
The beverage-products maker beefed up its bottom line thanks to a gain of 33.8 percent in revenue, which totaled $117.6 million, in the quarter, which ended on March 31. SodaStream posted strong increases in sales of its soda-maker starter kits, whose sales rose 28 percent, and in consumables, whose sales were up 37 percent. Regarding its markets, the United States led the way with unit sales gains of 78 percent in soda makers, 101 percent in gas-refill products and 119 percent in syrups.
Daniel Birnbaum, SodaStream's CEO, said the company will continue to plow resources into the growth of the U.S. market as the company heads into the summer selling season. "We continue to successfully build our business for the long term through strategic investments in product innovation, demand creation and manufacturing capacity," Birnbaum said.
Other Articles By Author
Adriana Hoyos Relaunches Brand at High Point Market
HFN's DIGITAL EDITION
2017 State of the Industry Report
Cautious Optimism, Mixed Results
Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.
ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.