AIRPORT CITY, ISRAEL— The sharper focus on sparkling water was cited by SodaStream officials as the key driver of sales during the second quarter.
For the three months ended June 30, the company reported total sales of $130.6 million, an increase of 9.6% from the comparable quarter the previous year. Sales in the company’s Americas division were up 8.3% to $28.1 million.
“The strong momentum that we’ve recently experienced building a global sparkling water franchise continued into the second quarter,” said Daniel Birnbaum, SodaStream’s CEO. “Gas refill units were up 10%, which is a great indication that our user base is active and growing.”
In the quarter, dollar sales of sparkling water maker starter kits were up 20.1% while consumables— which include CO2 refills— were up 4.7%.
For the first six months of the company’s fiscal year ended June 30, total sales were $246 million, up from sales of $220 million in the first half of 2016.
By product type, the company in the first half reported sales of sparkling water maker starter kits of $87.5 million, up from sales of $68.6 million in the first half of 2016. Sales of consumables were $153.7 million, up from sales of $146.1 million in the prior year’s first half.