OurPet’s Company (OPCO) Represents a Model for Growth in Sal OurPet’s Company (OPCO) Represents a Model for Growth in Sales and Earnings
Small Cap companies represent unique and advantageous opportunities to get in on the ground floor of a company before it turns into the next Twitter (NYSE: TWTR) or Facebook (NASDAQ: FB). With a very small investment during the early growth stages, the return can be life changing. The trick is doing your due diligence and pulling the trigger on winners. Keys to look for are always fundamentals, sales growth and an increase in earnings. OurPet’s Company (OTC: OPCO) has all of the above and has been around since 1995.
In its first year of operation, OurPet’s reported annual sales of $150,000, more than tripled that number the next year to $500,000 and now boasts more than $25 million in annual sales. The company is also profitable and has shown growth in that area as well since 2011. Over that time period, OurPet’s earnings have grown from $120,674 to $1.1 million.
The pet products and services industry, where the company operates, was valued at $71.3 billion in 2013 and is expected to grow even more in the coming years. The company has more than 250 distribution customers, including household names like Wal-Mart (NYSE: WMT), PetSmart (NASDAQ: PETM), Petco and Kroger (NYSE: KR). Relationships like these are essential to sustaining and topping sales and earnings targets in the future.
Innovative and consistent product developments are very important, as well, particularly for companies in the pet products industry. Keeping things fresh and up to date for the ever-changing needs of the consumer is evident with OurPet’s business strategy, as they have about 30 new products in the mill for release during 2016 and beyond.
Consistency and innovation define the OurPet’s brand. Now that its brand is established, it is the company’s mission to gradually increase market share both domestic and internationally. With relationships already in place with world leaders like Wal-Mart, it’s only a matter of time before OurPet’s Company becomes a household name.
For more information, visit the company’s website at www.ourpets.com
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