After a stretch of strong sales last year, do-it-yourself soda maker SodaStream reported disappointing first quarter results in its key U.S. market. These earnings come just after Coca-Cola announced it will boost its stake in Keurig Green Mountain to 16 percent while the two companies develop a competing cold-drinks system that’s set to make its debut in 2015.
SodaStream’s troubles might not be good news for Coke and Keurig. The sharp decline in U.S. sales, where SodaStream derives about 30 percent of its revenue, suggests that consumer demand for at-home soda machines might not be as strong as hoped. Keurig Green Mountain declined to comment.