Zevia Announces Preliminary Net Sales For Q2 2023; Now Sees Q2 Revenue ~$42M Vs $48M-$51M Prior; Now Sees FY23 Revenue $163M-$168M Vs $180M-$190M Prior
Portfolio Pulse from Happy Mohamed
Zevia PBC (NYSE:ZVIA) has announced preliminary Q2 2023 net sales of approximately $42 million, lower than the previously forecasted range of $48 million to $51 million. The shortfall is attributed to supply chain disruptions amid an operations transition. Despite strong customer demand, supply chain logistics challenges hindered fulfillment and impacted net sales. The company has revised its full-year 2023 revenue guidance to $163 million-$168 million, down from $180 million-$190 million.
July 24, 2023 | 8:09 pm
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Zevia's Q2 2023 net sales and FY23 revenue guidance have been revised downwards due to supply chain disruptions. This could negatively impact the company's stock price in the short term.
Zevia's lower than expected Q2 2023 net sales and revised FY23 revenue guidance are a direct result of supply chain disruptions. This negative news could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100