- SodaStream (NASDAQ:SODA) pops in early trading after generating solid sales growth in FQ2.
- Sales in the Americas segment rose 12% to $26.0M.
- Sales in Western Europe increased 14% to $74.4M.
- Total sales were up 17% to $119.2M.
- Product segment revenue growth: Sparkling water maker starter kits +31% to $39.0M, Consumables +14% to $78.1M.
- SodaStream's gross margin rate improved 40 bps to 50.7%.
- Sales and marketing spend ratio +540 bps to 39.1% as higher sales helped leverage down some costs.
- The company ended the quarter with a cash position of $40.9M and bank debt of $24.2M.
- Inventory -7% Y/Y to $104.9M.
- Previously: SodaStream beats by $0.16, beats on revenue (Aug. 2)
- SODA +15.32% premarket to $28.00.