Growth in the US market, and the latest reported figures put the infant milk producer ahead of some big players in the business – with its products now secured across Walmart, Target and Kroger.
Amongst the highlights posted on Monday:Strong growth in US scan sales, with the latest quarter showing a remarkable increase of 161% compared to the same period last year.
Quarter-on-quarter growth stands at 8.3%Bubs achieved a new scan sales record on Amazon, demonstrating the growing popularity of Bubs products among consumers.
We are seeing the immediate benefits of our marketing efforts, demonstrated by the increased consumer offtake at store level and on the Amazon platform, where Bubsproducts are the 5th & 6th best-selling infant formula products in the category,
Bubs Australia’s Chief Executive Officer Reg Weine said. With the continued momentum, strong gross margin delivery and the reduced operating expense profile, Bubs’ CEO remains confident the company will be cash flow positive and trading EBIT positive in FY25.
BUB Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
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