Curated News
By: NewsRamp Editorial Staff
May 15, 2024
Delivra Health Brands Reports Strong Q3 Financial Results
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- Delivra Health Brands reported a 36% increase in net revenue, driven by higher sales of Dream Water and LivRelief in the US and Canada.
- The company's gross profit margin improved to 52%, up from 44% last year, contributing to positive Adjusted EBITDA.
- Delivra's success in increasing net revenue and gross profit margin demonstrates its ability to provide high-quality health products to more people.
- The CEO of Delivra Health Brands, Gord Davey, announced impressive financial and operating results for the three and nine months ended March 31, 2024.
Impact - Why it Matters
The financial success of Delivra Health Brands reflects the growing demand for their products, impacting both the company's performance and the health and wellness market. This news highlights the company's ability to adapt to consumer needs and deliver positive results in a competitive industry.
Summary
Delivra Health Brands CEO Gord Davey announced the financial and operating results for the three and nine months ended March 31, 2024. The company reported a 36% increase in total net revenue from continued operations, driven by higher sales of Dream Water in the US and Canada, along with increased sales of LivRelief. Additionally, Delivra saw a rise in its gross profit margin to 52%, contributing to positive Adjusted EBITDA.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Delivra Health Brands Reports Strong Q3 Financial Results
