CBD Giant's Challenging Year: Q4 Net Sales Slide By 27% But Net Loss Narrows 67% YoY
Portfolio Pulse from Jelena Martinovic
cbdMD, Inc. (YCBD) reported a 27% year-over-year decrease in Q4 net sales to $5.7 million, with a net loss narrowing by 67% YoY. Fiscal 2023 total net sales were $24.2 million, down from $35.4 million. The company launched into 160 Sprouts Markets and introduced new brands hempMD and ATRx. YCBD shares traded 7.11% higher at $0.7333 in pre-market on Tuesday.
December 26, 2023 | 11:05 pm
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POSITIVE IMPACT
cbdMD's Q4 report shows a significant sales decline but a reduced net loss. The company's expansion into Sprouts Markets and launch of new brands could signal potential growth.
The narrowed net loss and positive pre-market price movement suggest investor optimism. The expansion into Sprouts Markets and new brand launches indicate potential for future growth, which may positively impact the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100