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SodaStream's U.S. Sales Take a Hit in Q1

SodaStream (NASDAQ: SODA  ) reported its first-quarter earnings before the market opened today. For the three-month period ended March 31, SodaStream posted a profit of $0.08 per diluted share, which was down from earnings per share of $0.57 during the same period a year ago. Despite this significant year-over-year drop in earnings, its $0.08 in the latest quarter was better than the $0.01 profit analysts were expecting.

The company said "strong growth" outside the U.S. offset weakness in the U.S. from a "negative impact on soda maker sell-in in the U.S. from the challenging holiday season."

Revenue came in at $118.2 million in the quarter, up from $117.6 million in the year-ago period. Wall Street was looking for revenue of $117.9 million. Unfortunately, beating analysts' estimates on both the top and bottom lines wasn't enough to save the stock from falling more than 3% in pre-market trading on Wednesday. However, as of 9:45 a.m., the stock was up a bit from yesterday's closing price.

Investors may have been eyeing SodaStream's 28% sales decline in the Americas. In this region, SodaStream generated $34.8 million during the first quarter of fiscal 2014, down from $48.3 million a year ago. Revenue in other regions notched double-digit percentage increases.

Nevertheless, SodaStream's chief executive, Daniel Birnbaum, is optimistic about the company's future, saying in the company press release that, "We are confident that our long history leading the evolution of home carbonation continues to provide us with strong competitive advantages and compelling growth opportunities across the globe."

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Tamara Rutter

I've been an analytical writer for The Motley Fool since 2011. I cover the sectors of Consumer Goods, Technology, and Industrials. Connect with me on Twitter using the handle, @TamaraRutter -- I'd love to hear from you!

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8/28/2015 4:00 PM
SODA $14.91 Up +0.49 +3.40%
SodaStream CAPS Rating: **