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.
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- 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