cbdMD, Inc. (YCBD) Reports Q4 Revenues Miss; Offers FY20 Revenue Guidance Below Consensus
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cbdMD Reports Fourth Quarter Net Sales of $9.54 Million
December 18, 2019 4:05 PM ESTcbdMD Represented in Over 4,000 Retail Doors in 11 Countries
CHARLOTTE, N.C.--(BUSINESS WIRE)-- cbdMD, Inc. (NYSE American: YCBD, YCBD PR A) (the Company), a leading cannabidiol (CBD) consumer brand, reported today that in its fourth fiscal quarter ended September 30, 2019, the Company generated net sales (unaudited) of $9.54 million and its audited net sales for the fiscal year ended September 30, 2019 were $23.7 million.
In fiscal 2019, the Company discontinued certain legacy operations not related to its CBD business, effective September 30, 2019, which reduced net sales for fiscal 2019 from approximately $24.6 million or by $888,000. On an unaudited pro forma... More
