Bubs Australia sees growth in the US, on track for positive FY25 EBIT

The Market Herald03-18

Bubs Australia (ASX:BUB) has posted an update on its 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...

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Bubs achieved a new scan sales record during the week commencing 26/2/24 on Amazon, demonstrating the growing popularity of Bubs products among consumers. The company is making meaningful strides in securing permanent access pathways with the US FDA and progressing in clinical trials, with 200 infant enrollments already achieved, representing 50% of the target as of Monday. “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 A","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"XAO.AU":"标普/澳交所 普通股指数","BK7509":"中概股","BK7141":"包装食品与肉类","XJO.AU":"标普/澳交所 200指数","XKO.AU":"标普/澳交所 300指数","BK7505":"食品股","BUB.AU":"BUBS AUSTRALIA LTD"},"translate_title":"Bubs Australia预计美国增长，有望实现二零二五财年EBIT正增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BUB.AU":1,"XAO.AU":1,"XJO.AU":1,"XKO.AU":1},"content_text":"Bubs Australia (ASX:BUB) has posted an update on its 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. \nAmongst the highlights posted on Monday:\n\nStrong growth in US scan sales, with the latest quarter showing a remarkable increase of 161% compared to the same period last year\nQuarter-on-quarter growth stands at 8.3%\nBubs achieved a new scan sales record during the week commencing 26/2/24 on Amazon, demonstrating the growing popularity of Bubs products among consumers\nThe company is making meaningful strides in securing permanent access pathways with the US FDA and progressing in clinical trials, with 200 infant enrollments already achieved, representing 50% of the target as of Monday\n\n“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. \nWith 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.\nBubs Australia firmly re-entered mainstream radars in the midst of the COVID pandemic during a milk powder shortage that affected global markets. \nBUB has been trading 15.3 cents.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2420246643"}