- Komo Plant Based Foods (YUM) has achieved record revenues for its second fiscal quarter with a 160 per cent quarterly increase
- It generated revenues of $466,197 in the quarter which is up from its first-quarter revenues of $179,467
- The quarterly revenues also represented a 181 per cent increase year-over-year
- Komo stated this increase is due to its recent in-store growth across Canada
- Komo Plant Based Foods (YUM) was up 3.85 per cent, trading at $0.27 per share at 12:00 noon EST
Komo Plant Based Foods (YUM) has achieved a 160-per-cent record revenue increase in its second fiscal quarter.
Specifically, the company generated revenues of $466,197 in the quarter, which is up from its first-quarter revenues of $179,467.
Komo disclosed that this increase is due to its recent growth across Canada. Its retail distribution included Loblaws, Loblaws banner stores, Sobeys, Whole Foods, and other key natural accounts.
The quarterly revenues also represented a 181 per cent increase from Komo’s second quarter for 2022, report which had a revenue of $166,052.
The company also reported a gross profit margin of 39 per cent in the first quarter of 2023.
“Our continued growth and success are a testament to our commitment to promoting sustainable, healthy, and ethical food choices,” noted William White, CEO of Komo Plant Based Foods.
“Our team’s hard work and dedication, coupled with our strategic partnerships, have helped us achieve these results, and we are excited for the future,” he added.
Komo’s nine plant-based products are sold direct to consumer through the company’s e-commerce website, and a distribution network of on-line and brick-and-mortar grocery, convenience and natural retailer channels.
All of the company’s products are 100-per-cent plant-based, made free from preservatives and have an 18-month frozen shelf life.
Komo Plant Based Foods (YUM) was up 3.85 per cent, trading at $0.27 per share at 12:00 noon EST.