That boost added to a big rally for shareholders, who have seen their stock rise nearly 400% in the past three years.
Investors pushed shares higher last month as they continued to digest SodaStream's latest operating trends. The at-home beverage maker announced an impressive growth spike back in February that also helped drive higher profit margins.
In a more detailed report filed in late March, SodaStream revealed other positive news about the business, including the fact that machine sales jumped 24% in 2017 to reach 3.7 million units, up from 2.9 million a year ago.
SodaStream is expecting overall sales growth to tick down to about 12% this year from 14% in 2017. However, investors have a few good reasons to expect significantly higher profits.
First, selling prices on its machines are rising thanks to innovative launches like a new one-touch machine hitting store shelves right now. Second, the company should start logging more high-margin carbon dioxide canister refill sales since these purchases tend to lag machine sales by a few months. That bright earnings outlook could support continued gains in the stock, assuming sales growth keeps meeting management's targets.