Shares of Zevia PBC (NYSE: ZVIA) share are gaining traction on the US stock charts, rising 18.23% to $2.27 as of the last check. This positive movement follows an announcement of ZVIA’s participation in a major investment event, fueling investor optimism.
Zevia Will Attend the Annual Investment Conference at Stephens
Zevia (ZVIA) said that it will attend the Stephens Annual Investment Conference, scheduled for November 19–21, 2024, in Nashville, Tennessee. Girish Satya, the company’s chief financial officer and principal accountant, will participate in a fireside chat on Wednesday, November 20. ZVIA management will also interact with investors, providing them with information on the company’s potential for expansion.
ZVIA Making Expansion and Quick Growth Moves
Another significant milestone in Zevia’s commercial development strategy is the recent announcement of a significant expansion of its distribution at Walmart shops. The company’s goods are currently distributed in over 4,300 merchants nationwide, having previously been available in over 800 locations.
With this growth, distribution has increased fivefold, indicating that customer demand for Zevia’s naturally sweetened, sugar-free drinks is rising. ZVIA’s performance in Walmart has been remarkable. The brand has seen substantial growth in existing stores, driven by a shift in consumer preferences towards healthier soda alternatives.
According to the Numerator Shopper Metrics Data Report for the 12 months ending August 2024, Zevia consumers purchase four times more products per household compared to competing brands. The overall “Better-for-You” soda category has also witnessed impressive growth, recently surpassing $1 billion in sales.
A Purpose to Provide Access to Healthier Options
Zevia was established in 2007 with the goal of giving customers a cost-effective substitute for conventional sugary sodas by offering them drinks devoid of artificial sweeteners and added sugars.
With its dedication to affordable and health-conscious solutions, Zevia is positioned as a major participant in the expanding “Better-for-You” beverage sector. Walmart’s commitment to provide healthy food and beverage options at affordable costs is in line with ZVIA’s growing presence there, which will benefit customers nationwide.