Else Nutrition Holdings Inc (BABYF) Q2 2024 Earnings Call Highlights: Strong Retail Growth and ...

GuruFocus.com10-10

Revenue: $2.6 million for Q2 2024, a 23% increase from Q1 2024. Retail Sales Growth: Increased 88% in the US and 111% in Canada sequentially. Gross Profit: Improved to 10% in Q2 2024 from a gross loss...

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However, revenue from US and Canadian retailers incre","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BABYF":"Else Nutrition Holdings Inc.","WMT":"沃尔玛"},"translate_title":"Else Nutrition Holdings Inc(BABYF)2024年第二季度收益看涨期权亮点：强劲的零售增长和……","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BABYF":1,"WMT":0.9},"content_text":"Revenue: $2.6 million for Q2 2024, a 23% increase from Q1 2024.\nRetail Sales Growth: Increased 88% in the US and 111% in Canada sequentially.\nGross Profit: Improved to 10% in Q2 2024 from a gross loss of 2% in Q2 2023.\nOperating Expenses: Decreased to $3.4 million in Q2 2024 from $4.2 million in Q2 2023.\nWalmart Store Expansion: Products added to an additional 600 Walmart stores, totaling 1,400 stores in the US.\nNew Retail Partnerships: Onboarded retailers include Wegmans, HEB, Meijer, and others.\nReady-to-Drink (RTD) Products: Entered six US retailers and four Canadian retailers.\nCustomer Acquisition Cost: Achieved as low as $7 for new customers.\n\n\nWarning! GuruFocus has detected 3 Warning Signs with BABYF.\n\nRelease Date: August 14, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nElse Nutrition Holdings Inc (BABYF) reported a significant sequential revenue increase of 23% for the second quarter of 2024, driven by strong growth in US and Canadian retailers.\nThe company successfully expanded its retail presence, adding products to 600 additional Walmart stores in the US, and entering walmart.ca in Canada.\nElse Nutrition's ready-to-drink (RTD) products have gained significant traction, earning the prestigious Mom's Choice Award and entering multiple US and Canadian retailers.\nThe company has improved its gross profit margin, achieving a 10% gross profit in Q2 2024 compared to a gross loss in the same quarter of the previous year.\nElse Nutrition is making progress in reducing production costs and improving product quality through new partnerships, including a new US powder plant and plans for a European facility.\n\n Negative Points \n\nThe company's stock price remains a concern for shareholders, with management acknowledging frustration over its current valuation.\nElse Nutrition has not yet received FDA confirmation for its plant-based infant formula, limiting its ability to move forward with clinical trials in the US.\nThe letter of intent with a large organization, Xenon, has expired, and macro political events may be delaying further discussions.\nDespite progress, the company is not yet cash flow positive and estimates it will take 18 to 24 months to achieve this goal.\nThe launch of the adult RTD product line is still in the planning stages, with commercial production expected in Q3 2024 and a full launch in early 2025.\n\n Q & A Highlights \nQ: Given the traction with retailers, who are the top-performing stores? A: Hamutal Yitzhak, CEO: We have not disclosed results on specific retail stores. However, revenue from US and Canadian retailers increased 88% and 111% sequentially. Significant customers include Walmart, KE, and Unify.\nQ: When do you expect to be cash flow positive? A: Hamutal Yitzhak, CEO: We are working aggressively to be cash flow positive and believe we can achieve this within 18 to 24 months.\nQ: When will the adult ready-to-drink product be launched? A: Hamutal Yitzhak, CEO: The first commercial production is planned for Q3 2024, with a soft launch in Canada in Q4 2024. We expect a full commercial launch in the US and Canada in early 2025.\nQ: What are the key milestones achieved in the second quarter of 2024? A: Hamutal Yitzhak, CEO: We onboarded new retailers like Wegmans and HEB, increased retail sales significantly in the US and Canada, and launched our ready-to-drink products in multiple retailers. We also made progress in cost reduction and product quality improvements.\nQ: Can you provide an update on the FDA approval process for the infant formula? A: Hamutal Yitzhak, CEO: We are in continuous discussions with the FDA but have not received confirmation or guidance on proceeding. We are exploring additional avenues, including lobbying and legal activities, and considering a pathway for approval in Europe.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"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":"4.29.3","shortVersion":"4.29.3","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/2474224786"}