Business
Else Nutrition Reports 2024 Second Quarter Financial Results and Provides Business Update
Else Nutrition Reports 2024 Second Quarter Financial Results and Provides Business Update ...
About this update from Else Nutrition Holdings Inc
[{"type":"text","content":"\n\n\n\n Else Nutrition Reports 2024 Second Quarter Financial Results and Provides Business Update\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Q2 2024 revenue increased 23% to\n \n $2.6 million\n \n over Q1 2024\n \n\n\n\n Q2 2024 retail sales increased 88% and 111% over Q1 2024 in the U.S. and\n \n Canada\n \n , respectively\n \n\n\n\n Conference call to be held today at\n \n 10:00 AM Eastern Time\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Aug. 14, 2024\n \n\n /CNW/ -\n \n ELSE NUTRITION HOLDINGS INC.\n \n (TSX: BABY) (OTCQX: BABYF) (FSE: 0YL.F)\n \n (\"Else\"\n \n or the\n \n \"Company\"),\n \n today reported financial results for the second quarter ended\n \n June 30, 2024\n \n . The financial statements and MD&A are available on\n \n SEDAR\n \n under the Company's profile.\n \n\n\n\n\n\n\n\n\n \"We are rapidly expanding our market presence,\" commented,\n \n Hamutal Yitzhak\n \n , CEO of Else Nutrition. \"Most notably, our toddler and kids products continue to gain traction as we add major retailers across\n \n North America\n \n . Specifically, we added several key accounts in the last few months, including Wegmans, HEB, Meijer, and 600 new Walmart U.S. stores, started selling our new Kids RTD line at Loblaws, Giant and Metro, and added Walmart's Canadian website, Walmart.ca. As a result, our revenue increased 23% to\n \n $2.6 million\n \n in the second quarter of 2024 and we achieved 88% and 111% sequential retail sales growth in the U.S. and\n \n Canada\n \n , respectively. We believe these results are a strong validation of the market demand for nutritious and healthy alternatives.\"\n \n\n \"We are also gaining traction in the market with our kids ready-to-drink (RTD) products, demonstrating its broad appeal. Since the launch, we have observed a rapid increase in sales, reflecting strong consumer demand and positive reception. The positive reviews and testimonials further attest to its quality and taste, enhancing our brand's reputation. In fact, ...