Delivra Health Brands CEO Gord Davey joined Stephen Gunnion from Proactive to share news the company has released its financial performance for the first quarter of 2024, and the results are impressive.
The company reported a 112% increase in net revenue for the quarter, largely driven by robust sales of Dream Water in the United States. This surge in sales was primarily attributed to the favorable timing of increased purchase order activity in the US market.
Notably, the company also experienced improvements in gross profit and gross profit margins, achieving a 52% gross profit margin compared to 51% in the same period last year.
These positive outcomes can be attributed to lower sales fees and reduced indirect cost of sales relative to the increase in revenue.
Looking ahead to 2024, Delivra Health Brands has ambitious plans. These include investments in customer-specific programs, a strategic focus on enhancing its e-commerce strategy, the launch of innovative products, and efforts to improve distribution across various channels.
View source version on newsdirect.com: https://newsdirect.com/news/delivra-health-brands-sees-112-increase-in-1q-2024-revenue-425573998