Sunday, August 5, 2018

In other BDS News: SodaStream shares skyrocket on 'most successful quarter' ever

Doug Henwood, writing for Mondoweiss (no, I don't link to hate-sites) once asked the question  SodaStream: is BDS hitting where it hurts?

The answer is a resounding NO.

The Israel-based company, the subject to BDS ire for daring to promote peaceful co-existence and engagement said sales of sparkling water makers increased 22 percent, to over 1 million during the quarter.   Sales of gas refill units grew 17 percent, to a record 9.7 million.

This week, SodaStream stock rose 26 % after its successful earnings report.

Profit spiked 78% to $1.14 a share on 31% revenue growth to $171 million, according to Zacks Investment Research. SodaStream earnings and sales crushed consensus for 71 cents a share and $149 million. It was the fourth straight quarter of accelerating sales growth.

The stock had its best day in over two years.

Empirical Evidence of BDS fail

In a note to investors SodaStream CEO Daniel Birnbaum wrote  "We are extremely pleased to be reporting the most successful quarter in our Company's history" 

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