Sodastream (SODA $46.15 -27.66) reported second quarter GAAP earnings of $0.35 per share, $0.09 better than the Capital IQ Consensus Estimate of $0.26.
Revenues rose 38.5% year/year to $77.4 million versus the $72.8 million consensus.
The company reaffirmed its guidance for fiscal year 12011 with revenues up ~30% year over year to ~ EUR 208.9 million versus EUR 212.86 million Capital IQ Consensus Estimate. The company expects full-year net income to increase by ~60% to ~EUR 15.5 million.
The co experienced a 54% increase in consumable sales during Q2 and a 31% increase quarter over quarter. Each geographic region reported strong growth, led by the Americas where consumer activity recently outpaced other global regions. SODA also saw triple digit growth in many of our other newer markets. Going forward, we are well positioned to extend our global footprint into additional households, markets and channels." Gross margin for the second quarter of 2011 was 53.0%, compared to 50.7% for the same period in 2010.






