Business

Reborn Coffee Provides Fourth Quarter and Full Year 2024 Corporate Update and Financial Results

FY 2024 Annual Revenue Growth to $5.9 Million and Strong 31% Increase in Q4 Revenue to $1.8 Million Approved as U.S. Franchisor and Signed Commitments for 33 New Locations Through a Combination of Area Development and Franchise Agreements BREA, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN), a leader in the specialty coffee market, has reported its financial and operational results for the fourth quarter and year ended December 31, 2024. Key Financial and Operationa

articleReborn Coffee, Inc.March 31, 202516/company/reborn-coffee-inc/news/reborn-coffee-provides-fourth-quarter-210000105
Reborn Coffee Provides Fourth Quarter and Full Year 2024 Corporate Update and Financial Results

About this update from Reborn Coffee, Inc.

[{"type":"image","alt":"Reborn Coffee, Inc.","displaySize":"","headline":null,"caption":"Reborn Coffee, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":99,"height":98,"url":"https://media.zenfs.com/en/globenewswire.com/c526fa8737d717de3dc5d16e3b2015b1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/MbL4ibNotDVjS_X.iER93A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTExMDtoPTEwOTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/c526fa8737d717de3dc5d16e3b2015b1","width":99,"height":98}},"lazy":false},{"type":"text","content":"FY 2024 Annual Revenue Growth to $5.9 Million and Strong 31% Increase in Q4 Revenue to $1.8 Million","length":99,"tagName":"p"},{"type":"text","content":"Approved as U.S. Franchisor and Signed Commitments for 33 New Locations Through a Combination of Area Development and Franchise Agreements","length":138,"tagName":"p"},{"type":"text","content":"BREA, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN), a leader in the specialty coffee market, has reported its financial and operational results for the fourth quarter and year ended December 31, 2024.","length":232,"tagName":"p"},{"type":"text","content":"Key Financial and Operational Highlights ","length":40,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Q4’24 revenue improved 31% to $1.8 million, compared to $1.4 million in Q4’23.","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"Despite higher food costs, in the full year 2024 revenue improved 8% to $5.9 million as compared to $5.5 million the same period revenue in 2023.","length":145,"tagName":"p"}]},{"val":[{"type":"text","content":"Company-operated store gross margins for the year ended December 31, 2024, decreased to 63% compared to 66% for the same period in 2023.","length":136,"tagName":"p"}]},{"val":[{"type":"text","content":"Ended Q4'24 with 11 open locations, with 1 location in development, reinforcing our national growth strategy.","length":113,"tagName":"p"}]},{"val":[{"type":"text","content":"Full Year 2024 wholesale and online sales grew 47% to $0.4 million from $0.2 million in 2023, as Reborn Coffee continues to scale its omnichannel footprint.","length":156,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":628,"olType":false},{"type":"text","content":"Q4 2024 and Subsequent Events","length":29,"tagName":"p"},{"type":...

More updates from Reborn Coffee, Inc.

specialty coffeeFranchisoronline salesgross marginsChinaChina