SLGD - Scott's Liquid Gold Q3 preliminary revenue update figures heavily impacted by Covid-19 led shortages

Scott’s Liquid Gold (SLGD) announces Q3 anticipated revenue of $7M-7.5M vs. $7.2M in Q3 2019, heavily impacted by Covid-19 driven shortages of raw materials.Revenue includes newly acquired Biz & Dryel Q3 sales estimate of $2.2MCompany's core business sales estimated to drop $2.3M or 31.9%,  driven raw material shortages.“We encountered key raw materials shortages, primarily for containers and caps, which were driven by the pandemic. These shortages impacted our ability to deliver product for virtually all of our brands. Reduced store traffic also drove lower Batiste sales during the quarter. Demand for our products remains strong and we are grateful for our long-standing relationships with our customers while our team is quickly adapting to this unprecedented situation.” said Mark Goldstein, CEO and Chairman.

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Scott's Liquid Gold Q3 preliminary revenue update, figures heavily impacted by Covid-19 led shortages