Zevia Expects Net Sales Of $38M-$40M For Q2 (Est $46.329M), $158M-$166M For FY24 (Est $174.855M)
Portfolio Pulse from Benzinga Newsdesk
Zevia has projected its Q2 net sales to be between $38M-$40M, falling short of the estimated $46.329M. For FY24, the company anticipates net sales to range from $158M-$166M, below the expected $174.855M.
May 08, 2024 | 11:21 am
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NEGATIVE IMPACT
Zevia's projected Q2 and FY24 net sales are below market expectations, indicating potential revenue challenges.
Zevia's lower-than-expected sales projections for both Q2 and the full year FY24 suggest the company might be facing revenue growth challenges. This could negatively impact investor sentiment and the stock price in the short term, as sales figures are crucial indicators of a company's financial health and growth prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100