Business
Glucose Health, Inc. 2019 SIX MONTH FISCAL UPDATE - Revenue Up; Gross Profit Up; Liabilities Down
Glucose Health, Inc. 2019 SIX MONTH FISCAL UPDATE - Revenue Up; Gross Profit Up; Liabilities Down.
About this update from Glucose Health, Inc.
[{"type":"text","content":"\n\n\n\nGlucose Health, Inc. 2019 SIX MONTH FISCAL UPDATE - Revenue Up; Gross Profit Up; Liabilities Down\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\n\n\n\n\n\nGlucose Health, Inc. 2019 SIX MONTH FISCAL UPDATE - Revenue Up; Gross Profit Up; Liabilities Down\nPR Newswire\nBENTONVILLE, Ark., Aug. 28, 2019\n\n\n\nBENTONVILLE, Ark., Aug. 28, 2019 /PRNewswire/ -- Glucose Health, Inc. (OTC: GLUC) confirms the following selected financial data for the period ended June 30, 2019, posted today at OTCMarkets.com.\nRevenue of $135,489 at June 30, 2019, compared with $107,160 for the same period in 2018; a 26% increase. Gross Profit of $52,725 at June 30, 2019, compared with $45,907 for the same period in 2018; a 15% increase. 2019 Total Liabilities of $425,601 at June 30, 2019, compared with $559,995 at June 30, 2018; a 24% decrease.Murray Fleming, CEO of Glucose Health, Inc., stated, \"In-store sales of GLUCODOWN® Diabetic Friendly Formula Tea Mix (Peach) at our most important retailer partner, Walmart, are up 34.9% year-to-date vs. 2018. Walmart's purchase orders began accelerating in Q1 2019, reflecting increased consumer demand for our new Peach flavor. By Q2 2019, our Peach inventory was substantially depleted and our shipments of GLUCODOWN® did not keep pace with Walmart's purchase orders. As previously announced by press release, on May 14, 2019, we placed large raw materials orders to boost production and thereby substantially increase on-hand inventory. This new production of GLUCODOWN® inventory will begin delivering mid-September. We fully expect our delivery performance at both Walmart and Amazon (see below) will substantially improve.\"\nGlucose Health, Inc. has five strategic goals to further accelerate and increase revenues for the remainder of fiscal 2019 and into fiscal 2020:\nAmazon. GLUCODOWN® first listed on Amazon Q4 2018. By the end of Q1 2019, virtually all GLUCODOWN® inventory allocated to Amazon, sold-out. Based upon these initial two quarters of sales performance (Q4 2018 and Q1 2019), Amazon will be our single most profitable retai...