cbdMD, Inc. (YCBD) Tops Q1 EPS by 60c, Revenues Miss

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Go back to cbdMD, Inc. (YCBD) Tops Q1 EPS by 60c, Revenues Miss

cbdMD Reports Record First Quarter Fiscal 2020 Net Sales of $10.14 Million

February 13, 2020 4:05 PM EST

CHARLOTTE, N.C.--(BUSINESS WIRE)-- cbdMD, Inc. (NYSE American: YCBD, YCBD PR A) (the Company), a leading cannabidiol (CBD) consumer brands company, reported today its first fiscal 2020 quarter ended December 31, 2019 results, the highlights of which were:

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... More