- SodaStream (NASDAQ:SODA) tracks higher after posting accelerating sales growth in Q4.
- Sales in the Americas segment rose 20% to $30.1M.
- Sales in Western Europe increased 18% to $63.2M.
- Total sales were up 17% to $112.9M.
- Product segment revenue growth: Sparkling water maker starter kits +37% to $41.5M, Consumables +5% to $70.5M.
- SodaStream's gross margin rate shot up 440 bps to 52.4% off the sales leverage.
- Sales and marketing spening fell to 29.6% of sales vs. 31.0% last year.
- The company ended the quarter with a cash position of $57.3M and no bank debt.
- Previously: SodaStream beats by $0.35, beats on revenue (Feb. 15)
- SODA +5.62% premarket to $50.01.