HVT - Delivra Health Brands sees 112% increase in 1Q 2024 revenue
(NewsDirect)
Delivra Health Brands CEO Gord Daveyjoined Stephen Gunnion from Proactive to share news the company hasreleased its financial performance for the first quarter of 2024, andthe results are impressive.
Thecompany reported a 112% increase in net revenue for the quarter,largely driven by robust sales of Dream Water in the United States.This surge in sales was primarily attributed to the favorable timingof increased purchase order activity in the US market.
Notably, the company also experiencedimprovements in gross profit and gross profit margins, achieving a 52%gross profit margin compared to 51% in the same period last year.
These positive outcomes can beattributed to lower sales fees and reduced indirect cost of salesrelative to the increase in revenue.
Looking ahead to 2024,Delivra Health Brands has ambitious plans. These include investmentsin customer-specific programs, a strategic focus on enhancing itse-commerce strategy, the launch of innovative products, and efforts toimprove distribution across various channels.
ContactDetails
Proactive Studio
+1 347-449-0879
na-editorial@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.