SodaStream rallies after posting strong quarter

|About: SodaStream International (SODA)|By:, SA News Editor

SodaStream (NASDAQ:SODA) reports a 36% jump in operating income during Q4 to $25.7M off a 20% increase in revenue.

Revenue was higher in the Western Europe, The Americas and Asia-Pacific sales regions.

Gross margin rose 140 bps to 53.8% of sales as fixed costs were levered down and higher margin sparkling water makers contributed. Sales and marketing expenses fell as a percentage of sales.

"Throughout 2017 we successfully executed our growth plan aimed at expanding household penetration and increasing usage of our home carbonation system which translated into mid-teens revenue growth, record net income, and strong cash generation," says CEO Daniel Birnbaum.

SodaStream expects full year revenue of $609M vs. $593M consensus.

Previously: SodaStream beats by $0.33, beats on revenue (Feb. 14)

SODA +4.95% premarket to $82.50.

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