Zevia PBC revised sales guidance for the second quarter and full year 2023. Second quarter net sales are expected to be approximately $42 million versus prior outlook of a range of $48 million to $51 million, driven entirely by disruption of supply chain service levels amid an operations transition. Demand remained strong following a Second Quarter price increase and the refreshed brand design has supported accelerated in-store presence, but short-term supply chain logistics challenges hindered fulfillment and impacted net sales results in the quarter.
The company is updating its guidance for the full year of 2023 to reflect recent results, management’s revised near-term outlook, and the current environment. Net sales for 2023 are now expected to be in the range of $163 million to $168 million compared to prior guidance of $180 million to $190 million.