SodaStream Q4 Net Falls 91 Percent

SodaStream2013AIRPORT CITY, Israel-Although sales made a significant gain in the quarter, SodaStream's fourth-quarter net income fell 91 percent to $681,000.

For the fiscal year ending on Dec. 31, net income totaled $42 million, down 4.2 percent from the prior year. The fourth-quarter bottom was hurt by a 1,060 basis-point drop in gross margin, which finished the quarter at 42.4 percent. Selling, general and administrative expenses rose 9.7 percent in dollars, although SG&A did fall 625 basis points as a percentage of sales to 40.9 percent.

Net sales in the quarter gained 26.4 percent to $168.1 million, bringing the top-line total for the year to $562.7 million, up 29 percent. SodaStream reported major increases in sales of soda maker starter kits, consumables and its "other" category in the quarter. For the year, SodaStream CEO Daniel Birnbaum noted that the company sold a record 4.4 million soda makers and increased gas refill unit sales by 30 percent, to a record 21.5 million.

Looking ahead to 2014, Birnbaum said, "Our plan is to capitalize on our first-mover advantage and leadership position by accelerating investments in brand building and demand creation in 2014 to capture a greater share of the global carbonated beverage market." He added that the SodaStream has put into place measures and controls to restore gross margins to historical levels, and "prevent the issues that impacted fourth-quarter profitability from recurring."

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Macy’s Discusses Virtual Reality Test at HFN’s Omnichannel Summit

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN cover October 2017


    October 2017


    One Kings Lane Flashes Forward

    Formerly a flash-sale only website, One Kings Lane—now under the ownership of Bed Bath & Beyond—evolves into a lifestyle retailer with a new physical presence.


      •  HFN Tech & Omnichannel Study- Although e-commerce shopping is increasing dramatically among consumers, home retailers lag in their current and future tech investments and implementation.
      • Market Previews: High Point & Tabletop- The newest collections and influencer trends emerge in our High Point Market and N.Y. Tabletop Show special sections.