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.
According to Investors Business Daily:
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.
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"
The stock had its best day in over two years.
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| 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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