Zevia Expects Q3 Net Sales Of $37M - $40M, Est $44.29M
Portfolio Pulse from Benzinga Newsdesk
Zevia expects Q3 net sales to be between $37 million and $40 million, which is below the estimated $44.29 million.
August 07, 2024 | 11:33 am
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NEGATIVE IMPACT
Zevia's projected Q3 net sales of $37M-$40M fall short of the estimated $44.29M, indicating potential revenue challenges.
The lower-than-expected sales projection suggests that Zevia may be facing revenue challenges, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100