Q1 2025 Zevia PBC Earnings Call Transcript
Key Points
- Zevia PBC (ZVIA) delivered net sales at the high end of their guidance range and exceeded adjusted EBITDA expectations.
- The company achieved a record gross margin of over 50%, reflecting lower product costs and improved inventory management.
- Zevia PBC (ZVIA) expanded distribution through existing and new retail partners, including Walmart and Walgreens, enhancing on-shelf visibility.
- The company launched successful marketing campaigns, such as the 'Get The Fake Outta Here' campaign, which delivered 2.4 billion earned impressions.
- Product innovation efforts have been well-received, with new flavors like Strawberry Lemon Burst and Orange Creamsicle performing strongly in taste tests.
- Net sales decreased by 2% compared to the first quarter of the previous year, primarily due to increased promotional activity.
- The company reported a net loss of $6.4 million, although this was an improvement from the previous year's net loss.
- Zevia PBC (ZVIA) faces a 200 basis point headwind from tariffs, primarily affecting aluminum costs.
- Despite improvements, the company still reported an adjusted EBITDA loss of $3.3 million.
- The macroeconomic environment remains uncertain, with potential impacts on consumer sentiment and spending.
Greetings, and welcome to the Zevia PBC first-quarter 2025 earnings call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Jean Fontana, Senior Managing Director with Addo Investor Relations. Thank you. You may begin.
Thank you, and welcome to Zevia's first-quarter 2025 earnings conference call. On today's call are Amy Taylor, President and Chief Executive Officer; and Gir Satya, Chief Financial Officer and Principal Accounting Officer. By now, everyone should have access to the company's first quarter 2025 earnings press release and investor presentation made available this afternoon. This information is available on the Investor Relations section of Zevia's website at investors.zevia.com.
Before we begin, please note that all financial information presented on today's call is unaudited. Certain comments made on this call include forward-looking statements, which are subject to the safe harbor provisions of the
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