cbdMD Reports Record First Quarter Fiscal 2020 Net Sales of $10.14 Million
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cbdMD, Inc. (YCBD) Tops Q1 EPS by 60c, Revenues Miss
February 13, 2020 4:55 PM ESTcbdMD, Inc. (NYSE: YCBD) reported Q1 EPS of $0.45, $0.60 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $10.15 million versus the consensus estimate of $11.03 million.
The Company reported record net sales of $10,148,236, a year-over-year quarterly increase of approximately 285% (which is based upon the pre-acquisition and post-acquisition net sales of the brand which the Company acquired in late December 2018).The Company reported its net sales for the quarter were approximately 67% through its e-commerce channel and 33% through its retail brick and mortar channel.The Company reported... More