Zevia (ZVIA) Q2 2026 Earnings Call Transcript
Zevia PBC (ZVIA) reported Q2 2026 net sales of $45.0 million, up 1.1% on pricing actions, with adjusted EBITDA of $0.5 million. Net loss was $2.9 million. Q3 guidance calls for net sales of $44 million to $46 million and negative adjusted EBITDA of $3.0 million to $3.5 million, with full-year sales of $170 million to $175 million.
How this was made
The 30-second read
Why it matters
The key trading takeaway is the combination of modest revenue growth with continued adjusted EBITDA losses, plus explicit gross margin and cost headwind assumptions for Q3 and full-year 2026.
Market read
Traders can update near-term expectations using the disclosed Q3 net sales range, negative adjusted EBITDA guidance, and 46% gross margin outlook tied to aluminum and promotional activity.
What to watch
The single-can retail transition and Cardi B campaign metrics may improve household penetration, but the call does not quantify how quickly that translates into gross margin or adjusted EBITDA.
Background
Zevia reported Q2 2026 results and provided detailed 2026 outlook, including commodity headwinds and a shift toward single-can retail.
Ticker impact
Zevia guided Q3 net sales to $44M-$46M but expects Q3 adjusted EBITDA of negative $3.0M to negative $3.5M amid aluminum and fuel headwinds.
Likely bearish-to-volatile reaction as investors weigh pricing-led sales growth against widening adjusted EBITDA losses and commodity-driven margin risk.
The call discloses explicit Q3 and full-year adjusted EBITDA ranges, plus a stated $11M commodity headwind and a 46% gross margin outlook, which are direct inputs to near-term valuation and risk.
Market effects
Highlights cost sensitivity for zero-sugar beverage brands to aluminum and logistics fuel, reinforcing margin risk in packaged food and beverage.
No specific regional demand signal beyond US channel expansion targets.
Commodity-linked cost headwinds (aluminum, fuel) can affect broader packaged-goods peers with similar input exposure.
Counterpoint
Pricing actions and packaging rollout progress could stabilize demand and gross margin faster than management’s conservative commodity assumptions imply.
Key entities
- companyZevia PBC
Reported Q2 2026 results and issued Q3 and full-year 2026 guidance, including negative adjusted EBITDA ranges and commodity-driven margin pressure.
- executiveAlexandre Ruberti
CEO who discussed the strategic shift toward single-can retail and marketing initiatives.
- executiveGirish Satya
CFO who outlined commodity headwinds and the expected back-half impact on aluminum costs.
- initiativeCardi B Refreshingly Real campaign
Marketing partnership cited with large social video views and PR impressions, supporting product rollout and brand awareness.
