Simply Better Brands Lives Up To Its Name With Big Q3 Dive Into Growth Drivers
Portfolio Pulse from Patricio Liddle
Simply Better Brands Corp reported a 45% increase in Q3 2023 revenue to $19.4 million, with a net loss decrease to $0.6 million and a positive adjusted EBITDA of $0.1 million. Strategic brands TRUBAR, No B.S. Skincare, PureKana, and Vibez Wellness contributed to growth. TRUBAR expanded in major retailers, PureKana added over 60k customers and entered the pet market, No B.S. Skincare extended to CVS and will launch in Walgreens, and Vibez Wellness targeted millennials with $3.7 million in revenue. CEO Kathy Casey emphasized continued growth, profit optimization, and debt reduction. PKANF shares traded at $0.2068.
December 01, 2023 | 9:23 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Simply Better Brands Corp reported significant revenue growth and strategic brand expansion in Q3 2023, with a positive outlook from the CEO for continued growth and profit optimization.
The positive financial results and strategic brand expansions, along with the CEO's optimistic outlook, suggest a potential increase in investor confidence and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Simply Better Brands Corp's Q3 2023 financial results indicate strong performance and growth potential, with the CEO focusing on revenue growth, profit optimization, and debt reduction.
The company's strong Q3 performance and positive CEO outlook may lead to increased investor interest and a potential uptick in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100