SodaStream Shares Are Collapsing Right Now
SodaStream
The New Jersey-based firm said net income came in at $52.5 million, down from a previous estimate of $65 million, and fiscal year 2013 revenues of $562 million, down from a forecast of $567 million.
"Despite achieving all-time record sales, we failed to deliver our profit targets and are disappointed in our fourth quarter performance...These preliminary results reflect a challenging holiday selling season in the U.S. and several factors, mostly from the second half of the quarter that negatively impacted our gross margin," Daniel Birnbaum, Chief Executive Officer of SodaStream, said in a statement.
The company recently announced Scarlett Johansson as its first global brand ambassador.
- Sebi comes out with stringent rules to tackle misconduct, corrupt practices by employees
- Bharat Forge Q4 profit rises 77% at ₹227.12 crore
- 16% YoY surge in rents across 13 major Indian cities, Greater Noida, Gurugram lead: Magicbricks Report
- India's steel demand boom to continue, set to grow at 10% over next few years: Steel Secretary
- 10 superfoods for balancing blood sugar levels
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market