Zevia Reports Strong Margin Gains Amid Mixed Annual Sales Performance

Published 9 hours agoZVIA

Zevia Reports Strong Margin Gains Amid Mixed Annual Sales Performance

Zevia PBC (NYSE: ZVIA) recently unveiled its financial performance for the fourth quarter and full year of 2024. The company posted fourth-quarter net sales of $39.5 million, a 4.4% uptick from the previous year, while achieving a gross profit margin of 49.2%, reflecting an 8.5 percentage point year-over-year improvement. Net loss for the quarter improved to $6.8 million, down by $2.4 million from Q4 2023, and the adjusted EBITDA loss narrowed by $3.0 million to $3.9 million. Additionally, loss per share decreased by $0.05 to $0.09 compared to the prior year period.

However, Zevia's full-year results painted a more varied picture, as net sales dropped by $11.4 million to total $155.0 million for 2024. On the brighter side, the company saw its gross profit margin rise by 1.5 percentage points, and the net loss narrowed to $23.8 million — an improvement of $4.5 million compared to the previous year. Adjusted EBITDA loss also showed progress, reducing to $15.2 million, a $3.8 million enhancement year-over-year, and the loss per share decreased by $0.07 to $0.34.

Strategically, Zevia is expanding its distribution significantly, now operating in over 4,300 Walmart locations, up from only 800 previously, according to Reuters. The company has also implemented a Productivity Initiative aimed at yielding $15 million in annual cost savings, with plans to funnel much of these savings into growth opportunities. These steps underscore Zevia's initiative to boost profitability while expanding its market reach.

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