Zevia reported third quarter 2026 results that significantly outperformed consensus on both the top and bottom lines. Net sales grew 18.4% year over year, driven by a 14.4% surge in volume and strategic pricing actions, prompting management to raise full-year 2026 guidance for both revenue and profitability.
Key Highlights
- Volume increased 14.4% year over year, reversing analyst expectations of a 2% decline as the company benefited from national rotations in the club channel.
- Gross profit margin expanded 80 basis points to 46.4%, with pricing gains and lower inventory write-downs offsetting increased aluminum costs.
- Management raised full-year 2026 revenue guidance to a range of $177 million to $179 million and expects Adjusted EBITDA to reach breakeven at the top end of the range.
- The company secured $20 million in growth equity via convertible preferred stock subsequent to quarter-end, strengthening a balance sheet that currently holds $29.5 million in cash and no debt.