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Zevia PBC develops and sells zero-sugar, zero-calorie, naturally sweetened beverages under the Zevia brand. The Delaware public benefit corporation and Certified B Corporation offers clean-label beverage categories that include soda, energy drinks, organic tea, mixers, Kidz drinks and sparkling water, with distribution in the United States and Canada through grocery, drug, warehouse club, mass, natural, convenience and e-commerce channels.
Zevia news commonly covers quarterly and annual results, volume trends by retail channel, gross margin and adjusted EBITDA disclosures, product innovation, packaging and marketing initiatives, distribution expansion, brand partnerships, investor-conference participation and board governance changes.
Zevia PBC (NYSE: ZVIA) has appointed Greig P. DeBow, Jr. as Chief Commercial Officer, effective immediately. With over 25 years in the beverage and consumer-packaged goods sectors, DeBow is tasked with enhancing revenue growth and market development for the Zevia brand. Previously, he held senior roles at Jack Link’s Protein Snacks and Danone North America, contributing significantly to their commercial success. This strategic appointment aims to refine Zevia's go-to-market strategy and drive profitable growth while addressing global health challenges related to sugar consumption.
Zevia PBC (NYSE:ZVIA) will announce its financial results for Q2 2022 on August 11, 2022, prior to market open. A conference call to discuss the results will follow at 8:30 a.m. ET. Investors can listen to the call via the Investor Relations section of Zevia's website. The company offers a range of zero sugar, zero calorie beverages, and is distributed in over 31,000 retail locations across the U.S. and Canada.
Zevia PBC (NYSE: ZVIA) announced the appointment of David J. Lee to its Board of Directors, effective July 20, 2022. Lee, currently serving as President of AppHarvest, brings over two decades of experience in consumer goods, retail, and plant-based food sectors. His expertise in strategy, operations, and finance aligns with Zevia's mission of providing zero-sugar beverages. Both President Amy Taylor and CEO Paddy Spence emphasized Lee's potential contributions to the company's growth strategy.
Zevia announces a leadership transition effective August 1, 2022, with Amy Taylor succeeding Paddy Spence as CEO, while Spence retains his role as Chair of the Board. Taylor, who has been with Zevia since June 2021, has played a key role in shaping the company's strategy and leadership team. Under Spence's 12-year leadership, Zevia achieved a 31% compound annual growth rate in net sales and expanded its product portfolio significantly. The company emphasizes its commitment to providing zero-sugar beverages made from plant-based ingredients.
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Zevia PBC (NYSE: ZVIA) announced that its CEO, Paddy Spence, and President, Amy Taylor, will participate in two investor conferences: the Goldman Sachs Global Staples Forum on May 17, 2022, and the BMO Global Farm to Market Conference on May 19, 2022, both in New York, NY. At these events, they will present and meet with investors. Live webcasts of their presentations will be available on the Company’s Investor Relations website. Zevia specializes in zero sugar beverages made from plant-based ingredients, distributed across over 31,000 retail locations in the U.S. and Canada.
Zevia PBC (NYSE: ZVIA) reported a 24% increase in net sales, reaching $38 million for Q1 2022, compared to $30.7 million in Q1 2021. Unit volume rose 21% to 3.4 million cases. However, the company experienced a net loss of $17.5 million, or $0.30 per diluted share, and a decline in gross profit margin from 46.2% to 38.4% due to inflation and rising costs. Adjusted EBITDA reflected a loss of $8.3 million. The company reiterated its full-year net sales growth guidance of 28% to 32%, projecting revenues between $177 million and $182 million.
Zevia PBC (NYSE:ZVIA) will release its Q1 financial results for the period ending March 31, 2022, before the market opens on May 12, 2022. The announcement will be followed by a conference call at 8:30 a.m. Eastern Time to discuss the results. Interested parties can listen to the call via the Investor Relations section of Zevia's website. A replay will be available for 30 days post-call, along with the earnings press release and supplemental financial disclosures.
Zevia PBC (NYSE: ZVIA) announced the appointments of Denise Beckles as Chief Financial Officer and Quincy Troupe as Chief Operating Officer, effective May 3 and June 13, 2022, respectively. Beckles, with over 25 years of finance leadership experience, aims to drive profitable growth, while Troupe, a veteran of the consumer-packaged goods industry, will focus on product innovation and supply chain optimization. The previous CFO, Bill Beech, and COO, Hank Margolis, are stepping down as part of this leadership transition.
Zevia PBC, trading under NYSE: ZVIA, has announced that its CEO, Paddy Spence, and President, Amy Taylor, will participate in two investor conferences. These include the BofA Securities Consumer & Retail Technology Conference on March 8-9, 2022, in New York, NY, and the UBS Global Consumer and Retail Conference on March 9-10, 2022, in Boston, MA. The presentations will be webcast live, with replays available afterward. Zevia offers a zero sugar, plant-based beverage portfolio, targeting health-conscious consumers.