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SodaStream Lowers Fiscal 2013 Earnings and Guidance

Zoom in font  Zoom out font Published: 2014-01-15  Views: 31
Core Tip: This morning, SodaStream International (SODA) said that sales and earnings for fiscal 2013 will be lower than previously anticipated.
This morning, SodaStream International (SODA) said that sales and earnings for fiscal 2013 will be lower than previously anticipated. The company said the holiday season was not as strong as it had hoped and that earnings would total $41.5 million on sales of $562 million. SodaStream noted that discounts and higher production costs impacted margins negatively, leading to the reduction in both earnings and revenue. On the news, shares of SodaStream were lower by more than 22% so far.
 
 
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