Business
Delivra Health Brands sees 112% increase in 1Q 2024 revenue
(NewsDirect) Delivra Health Brands CEO Gord Davey joined Stephen Gunnion from Proactive t...
About this update from Delivra Health Brands Inc
[{"type":"text","content":"Delivra Health Brands sees 112% increase in 1Q 2024 revenue\n \n \n (NewsDirect)\n \n \n \n \n Delivra Health Brands CEO Gord Davey\njoined Stephen Gunnion from Proactive to share news the company has\nreleased its financial performance for the first quarter of 2024, and\nthe results are impressive.\n \n \n The\ncompany reported a 112% increase in net revenue for the quarter,\nlargely driven by robust sales of Dream Water in the United States.\nThis surge in sales was primarily attributed to the favorable timing\nof increased purchase order activity in the US market.\n \n \n Notably, the company also experienced\nimprovements in gross profit and gross profit margins, achieving a 52%\ngross profit margin compared to 51% in the same period last year.\n \n \n These positive outcomes can be\nattributed to lower sales fees and reduced indirect cost of sales\nrelative to the increase in revenue.\n \n \n Looking ahead to 2024,\nDelivra Health Brands has ambitious plans. These include investments\nin customer-specific programs, a strategic focus on enhancing its\ne-commerce strategy, the launch of innovative products, and efforts to\nimprove distribution across various channels.\n \n \n \n Contact\nDetails\n \n \n \n Proactive Studio\n \n \n +1 347-449-0879\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":1811,"tagName":"div"}]