Note the growth in 2015 to 2018
Sukin’s revenue declined primarily due to non-repeating short-term promotions.
Sukin discounted prices on specials sales in Coles, Big W, Target and other new markets to gain new customers have decreased the Sukin sales revenue. Prices are also discounted for other outlets.
Recently, the price discounts are no longer available on most products.
Expect Sukin revenue to grow in Australia and Internationally with margins substantially increased in FY 2020.
AndalouNaturals continues to dominate as the number one natural USA facial skincare brand and expect it to gain momentum in the Australian market following the launch in Priceline.
MineralFusion’s revenue was impacted due to a delay in roll-out of new brand packaging for the full year and is regaining market share with positive signs since the re-launch. Strong potential for Mineral Fusion in Australian, Asia Pacific and in select international markets.
NourishedLife remained in line with the prior year and recent user experience (UX) improvements are designed to drive significant growth.
EnterpriseResource Planning (ERP) technology platform connecting all business processes from procurement, production and warehousing to shipping and sales are beginning to benefits the Australian operations. Deployment scheduled in the year ahead in the USA will result in margin improvement, smarter use of working capital and cost savings.
