Business
Jamieson Wellness Inc. Reports Fourth Quarter and Full Year 2024 Results
Strong category momentum and consistent execution drove 14% annual branded revenue growth and mar...
About this update from Jamieson Wellness, Inc.
[{"type":"text","content":"Jamieson Wellness Inc. Reports Fourth Quarter and Full Year 2024 Results\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistcircle { list-style-type: circle }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl3 { padding-left: 15px }\n.bwpadl6 { padding-left: 30px }\n.bwpadr0 { padding-right: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwuline { text-decoration: underline }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignm { vertical-align: middle }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth10 { width: 10% }\n.bwwidth100 { width: 100% }\n.bwwidth12 { width: 12% }\n.bwwidth15 { width: 15% }\n.bwwidth2 { width: 2% }\n.bwwidth45 { width: 45% }\n.bwwidth53 { width: 53% }\n.bwwidth67 { width: 67% }\n.bwwidth68 { width: 68% }\n \n\n\n\n\n Strong category momentum and consistent execution drove 14% annual branded revenue growth and market share gains in every key market\n \n\n\n\n\n Jamieson Wellness Inc. (“Jamieson Wellness” or the “Company”) (TSX: JWEL) today reported financial results for its fourth quarter and full year for the period ended December 31, 2024. All amounts are expressed in Canadian dollars. Certain metrics, including those expressed on an adjusted basis, are non-IFRS and other financial measures. See “Non-IFRS and Other Financial Measures” below.\n \n\n \"2024 was a transformative year for Jamieson Wellness, marked by unprecedented global consumer demand and accelerating health and wellness trends,\" said Mike Pilato, President and CEO. \"Our strategic execution and brand strength drove market share gains across all key markets, delivering 14% branded revenue growth. Importantly, this performance translated into substantial cash generation, with record cash flows and EBITDA margins exceeding our expectations.\n \n\n “In China, our strategic investments in marketing delivered exceptional revenue growth of nearly 80% and broadened our connection with Chinese consumers, validating our comm...