SodaStream reported 3Q revenue of $145 million versus the analyst's estimate of $143 million and consensus of $145M. The company's EPS beat Duffy's and consensus estimate of $0.81 at $0.90. Global soda maker unit sales increased 27 percent with C02 refills up 34 percent for the quarter.
Duffy noted that the US slowdown, "the key growth market, " suggests structural challenges. The analyst commented, "In the context of the 40 percent US awareness figure referenced by management and the modest 1.2mn household implied installed base, we find the decline in return on marketing spend troubling."
SodaStream closed at $56.87 on Wednesday and is currently trading at -3.37 percent.
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