What: SodaStream International (NASDAQ:SODA) were bubbling higher today, jumping 24% on an impressive first-quarter earnings report.
So what: The at-home soda-machine maker's results seemed to indicate that its business was finally stabilizing after several quarters of decline. The company has been focused on rebranding itself as a sparkling-water company, rather than just soda, and the new strategy appears to be gaining traction.
SodaStream blew past analyst estimates, posting a per-share profit of $0.29, more than double the consensus at $0.11, while revenue ticked up 10.4% to $100.9 million, crushing expectations at $89 million. CEO Daniel Birnbaum said the results demonstrate that "The growth plan is starting to take hold." He noted that sales in Europe were particularly strong as revenue increased by 15% in Western Europe, the company's biggest region. The new manufacturing facility in Lehavim also contributed to increased efficiency and operating performance.
www.fool.com/investing/general/2016/05/10/...e=iedfolrf0000001
www.sodastream.de/deretail/default.aspx#
So what: The at-home soda-machine maker's results seemed to indicate that its business was finally stabilizing after several quarters of decline. The company has been focused on rebranding itself as a sparkling-water company, rather than just soda, and the new strategy appears to be gaining traction.
SodaStream blew past analyst estimates, posting a per-share profit of $0.29, more than double the consensus at $0.11, while revenue ticked up 10.4% to $100.9 million, crushing expectations at $89 million. CEO Daniel Birnbaum said the results demonstrate that "The growth plan is starting to take hold." He noted that sales in Europe were particularly strong as revenue increased by 15% in Western Europe, the company's biggest region. The new manufacturing facility in Lehavim also contributed to increased efficiency and operating performance.
www.fool.com/investing/general/2016/05/10/...e=iedfolrf0000001
www.sodastream.de/deretail/default.aspx#