Shares in Zevia fizzed yesterday (5 November) after the US soda company upped its sales and earnings forecasts for 2026.
Zevia said it might break-even at an EBITDA level this year after lowering its estimates for fuel and aluminium costs.
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“We delivered a strong quarter, raised our outlook and announced a growth equity investment that strengthens our ability to accelerate our strategic reset,” CFO Girish Satya said.
Last month, Zevia secured new $20m in “growth equity from a fund managed by investment firm GP Investments.
The transaction followed a business review by Piper Sandler, which concluded the capital injection was the “best path forward to accelerate shareholder value creation”.
In August, Zevia received, faced calls from activist investor Kanen Wealth Management to launch a review of the company’s strategy.
“With greater flexibility to invest in innovation, portfolio expansion, distribution and brand building, we believe we are well positioned to move faster against our growth priorities and capture the opportunities ahead,” Satya said yesterday.
Zevia expects its net sales to be between $177m and $179m in 2026, up from its previous forecast of $170m to $175m.
The brighter outlook for sales, combined with an improved picture on earnings means the company is forecasting its adjusted EBITDA will be between “breakeven and a loss of $0.4m”, it said.
Zevia said the new guidance assumes approximately $8.5m further costs from fuel prices and higher aluminium-related expenses, versus the company’s prior expectation of $11m.
The group’s net sales increased 18.4% in the third quarter to $48.3m. Volumes grew 14.4%.
Zevia booked a third-quarter net loss of $2.2 million, compared to $2.8 million in the corresponding period of 2025.
Shares in Zevia closed yesterday up more than 13%.
