chilar4567
10 hours ago
Press Release: Else Nutrition Reports 2024 Second Quarter Financial Results and Provides Business Update
7:00 AM ET 8/14/24 | Dow Jones
Else Nutrition Reports 2024 Second Quarter Financial Results and Provides Business Update
Canada NewsWire
VANCOUVER, BC, Aug. 14, 2024
Q2 2024 revenue increased 23% to $2.6 million over Q1 2024
Q2 2024 retail sales increased 88% and 111% over Q1 2024 in the U.S. and Canada, respectively
Conference call to be held today at 10:00 AM Eastern Time
VANCOUVER, BC, Aug. 14, 2024 /CNW/ - ELSE NUTRITION HOLDINGS INC. (TSX: BABY) (OTCQX: BABYF) (FSE: 0YL.F) ("Else" or the "Company"), today reported financial results for the second quarter ended June 30, 2024. The financial statements and MD&A are available on SEDAR under the Company's profile.
"We are rapidly expanding our market presence," commented, Hamutal Yitzhak, CEO of Else Nutrition. "Most notably, our toddler and kids products continue to gain traction as we add major retailers across North America. Specifically, we added several key accounts in the last few months, including Wegmans, HEB, Meijer, and 600 new Walmart U.S. stores, started selling our new Kids RTD line at Loblaws, Giant and Metro, and added Walmart's Canadian website, Walmart.ca. As a result, our revenue increased 23% to $2.6 million in the second quarter of 2024 and we achieved 88% and 111% sequential retail sales growth in the U.S. and Canada, respectively. We believe these results are a strong validation of the market demand for nutritious and healthy alternatives."
"We are also gaining traction in the market with our kids ready-to-drink (RTD) products, demonstrating its broad appeal. Since the launch, we have observed a rapid increase in sales, reflecting strong consumer demand and positive reception. The positive reviews and testimonials further attest to its quality and taste, enhancing our brand's reputation. In fact, our RTD products earned the prestigious Mom's Choice Award. The impressive market performance we are witnessing positions us for future growth and expansion."
"In addition, we recently announced that the Navy Exchange Service Command, or NEXCOM, has listed our full product line. The Navy Exchange offers a variety of goods and services to active military personnel, retirees, and certain civilians on Navy installations in the United States, overseas Navy bases, and aboard Navy ships. We are pleased to report that we have delivered the first shipment of our full range of products to NEXCOM's retail stores. We believe this agreement will serve as a foothold into broader military channels, providing those who serve and their families access to high-quality, nutritious options."
"Furthermore, during the first half of 2024, we moved our U.S. powder production to a new plant, cutting production cost by almost half, and moved to a new packaging partner that reduced our packaging costs and improved our product shelf-life. Over the next several months we plan to add another powder production and packaging facility in Europe that will offer additional cost savings and quality improvements. "
"Overall, we are committed to growing our revenue and capturing a significant share of this multi-billion market, while progressing towards profitability and driving value for our shareholders," concluded Ms. Yitzhak.
2024 Second Quarter Financial Results
All figures are in CAD unless otherwise indicated.
-- Revenue for Q2 2024 increased approximately 10% to $2.60 million compared
to $2.37 million for the same period last year. Revenue for Q2 2024
increased 23% sequentially to $2.6 million compared to Q1 2024.
-- Operating expenses for Q2 2024 decreased 19% to $3.4 million compared to
$4.2 million in Q2 2023.
-- Gross profit in Q2 2024 increased to $263 thousand, or 10% of revenue,
compared to a gross loss of $50 thousand or (-2%) of revenue in Q2 2023.
-- Cash balance as of June 30, 2024, was $1.4 million (including restricted
cash). Subsequent to the quarter, the Company raised US$2 million.
Conference Call
Else Nutrition management plans to host a business update conference call at 10:00 a.m. Eastern Time today to discuss the Company's financial results for the 2024 second quarter ended June 30, 2024, as well as the Company's corporate progress and other developments.
The conference call will be available via telephone by dialing toll free 1-877-704-4453 for U.S. callers or +1-201-389-0920 for international callers. A webcast of the call may be accessed at https://viavid.webcasts.com/starthere.jsp?ei=1682281&tp_key=2832279e6a or on the Investor Relations section of the Company's website at https://investors.elsenutrition.com/.
A webcast replay will be available on the Investor Relations section of the Company's website (https://investors.elsenutrition.com/), through August 14, 2025. A telephone replay of the call will be available approximately three hours following the call, through August 21, 2024, and can be accessed by dialing 1-844-512-2921 for U.S. callers or +1-412-317-6671 for international callers and entering conference ID: 13748206.
To delve deeper into Else Nutrition's offerings and its revolutionary approach to kids' nutrition, visit www.elsenutrition.com
About Else Nutrition Holdings Inc.
Else Nutrition Holdings Inc. (TSX: BABY, OTCQX: BABYF, FSE: 0YL) is a food and nutrition company in the international expansion stage focused on developing innovative, clean, and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy formula is a clean-ingredient alternative to dairy-based formulas. Since launching its Plant-Based Complete Nutrition for Toddlers, made of whole foods, almonds, buckwheat, and tapioca, the brand has received thousands of powerful testimonials and reviews from parents, gained national retailer support, and achieved rapid sales growth.
Awards and Recognition:
-- "2017 Best Health and Diet Solutions" award at Milan's Global Food
Innovation Summit
-- #1 Best Seller on Amazon in the Fall of 2020 in the New Baby & Toddler
Formula Category
-- "Best Dairy Alternative" Award 2021 at World Plant-Based Expo
-- Nexty Award Finalist at Expo West 2022 in the Plant-Based lifestyle
category
-- During September 2022, Else Super Cereal reached the #1 Best Seller in
Baby Cereal across all brands on Amazon
-- In May 2024 Else Nutrition's Ready-to-Drink Kids Vanilla Shake Named
Among the Best in Family-Friendly Products by the Prestigious Mom's
Choice Awards(R)
TSX
Neither the TSX nor its regulation services provider (as that term is defined in the policies of the TSX) accept responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Statements
This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as "will" or similar expressions. Forward-looking statements in this press release include statements with respect to the anticipated dates for filing the company's financial disclosure documents. Such forward-looking statements reflect current estimates, beliefs, and assumptions, which are based on management's perception of current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. No assurance can be given that the foregoing will prove to be correct. Forward-looking statements made in this press release assume, among others, the expectation that there will be no interruptions or supply chain failures as a result of COVID-19 and that the manufacturing, broker, and supply logistic agreement with the company does not terminate. Actual results may differ from the estimates, beliefs, and assumptions expressed or implied in the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which reflect management's expectations only as of the date of this press release. The company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/else-nutrition-reports-2024-second-quarter-financial-results-and-provides-business-update-302221842.html
SOURCE Else Nutrition Holdings Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2024/14/c6375.html
/CONTACT:
Investor Relations Contact: Alexandra Schilt, Crescendo Communications, LLC, Office: (212) 671-1020, Email: baby@crescendo-ir.com
Copyright CNW Group 2024
> Dow Jones Newswires
August 14, 2024 07:00 ET (11:00 GMT)
chilar4567
1 week ago
(PR) Else Nutrition Schedules Second Quarter 2024 Business Update Conference Call
9:00 AM ET 8/6/24 | PR Newswire
Else Nutrition Schedules Second Quarter 2024 Business Update Conference Call
PR Newswire
VANCOUVER, BC, Aug. 6, 2024
VANCOUVER, BC, Aug. 6, 2024 /PRNewswire/ - ELSE NUTRITION HOLDINGS INC. (TSX: BABY) (OTCQX: BABYF) (FSE: 0YL.F) ("Else" or the "Company"), today announced that it plans to host a business update conference call at 10:00 a.m. Eastern Time on August 14, 2024 to discuss the Company's financial results for the 2024 second quarter ended June 30, 2024, as well as the Company's corporate progress and other developments.
The conference call will be available via telephone by dialing toll free 1-877-704-4453 for U.S. callers or +1-201-389-0920 for international callers. A webcast of the call may be accessed at https://viavid.webcasts.com/starthere.jsp?ei=1682281&tp_key=2832279e6a or on the Investor Relations section of the Company's website at https://investors.elsenutrition.com/.
A webcast replay will be available on the Investor Relations section of the Company's website (https://investors.elsenutrition.com/), through August 14, 2025. A telephone replay of the call will be available approximately three hours following the call, through August 21, 2024, and can be accessed by dialing 1-844-512-2921 for U.S. callers or +1-412-317-6671 for international callers and entering conference ID: 13748206.
To delve deeper into Else Nutrition's offerings and its revolutionary approach to kids' nutrition, visit www.elsenutrition.com.
About Else Nutrition Holdings Inc.
Else Nutrition Holdings Inc. (TSX: BABY, OTCQX: BABYF, FSE: 0YL) is a food and nutrition company in the international expansion stage focused on developing innovative, clean, and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy formula is a clean-ingredient alternative to dairy-based formulas. Since launching its Plant-Based Complete Nutrition for Toddlers, made of whole foods, almonds, buckwheat, and tapioca, the brand has received thousands of powerful testimonials and reviews from parents, gained national retailer support, and achieved rapid sales growth.
Awards and Recognition:
-- "2017 Best Health and Diet Solutions" award at Milan's Global Food
Innovation Summit
-- #1 Best Seller on Amazon in the Fall of 2020 in the New Baby & Toddler
Formula Category
-- "Best Dairy Alternative" Award 2021 at World Plant-Based Expo
-- Nexty Award Finalist at Expo West 2022 in the Plant-Based lifestyle
category
-- During September 2022, Else Super Cereal reached the #1 Best Seller in
Baby Cereal across all brands on Amazon
TSX
Neither the TSX nor its regulation services provider (as that term is defined in the policies of the TSX) accept responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Statements
This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as "will" or similar expressions. Forward-looking statements in this press release include statements with respect to the anticipated dates for filing the company's financial disclosure documents. Such forward-looking statements reflect current estimates, beliefs, and assumptions, which are based on management's perception of current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. No assurance can be given that the foregoing will prove to be correct. Forward-looking statements made in this press release assume, among others, the expectation that there will be no interruptions or supply chain failures as a result of COVID-19 and that the manufacturing, broker, and supply logistic agreement with the company does not terminate. Actual results may differ from the estimates, beliefs, and assumptions expressed or implied in the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which reflect management's expectations only as of the date of this press release. The company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/else-nutrition-schedules-second-quarter-2024-business-update-conference-call-302215239.html
SOURCE Else Nutrition Holdings Inc.
/CONTACT: Investor Relations Contact: Alexandra Schilt, Crescendo Communications, LLC, Office: (212) 671-1020, Email: baby@crescendo-ir.com
> Dow Jones Newswires
August 06, 2024 09:00 ET (13:00 GMT)
mrdecember123
2 months ago
articles like this don't help babyf?------9 Reasons You May Want To Avoid Drinking Almond Milk
9 Reasons You May Want To Avoid Drinking Almond Milk
© Provided by The Hearty Soul
For vegans, people with dairy allergies, or anyone who dislikes regular cow milk, today is a great day to be alive. There are so many milk alternatives and they are becoming increasingly available in coffee shops and restaurants. Grocery stores are stocked with varieties like soy, oat, rice, and coconut milk. Plus, many health food stores have an even larger selection, including walnut, hemp, and pea milk. But one type seems to tower over them all in terms of popularity: almond milk. However, popularity doesn't necessarily equate to quality. Although almond milk can be delicious and versatile, it may not be ideal for everyone depending on their food needs. Here's an honest look on almond milk.
The Pros of Almond Milk
Image Credit: Shutterstock
Image Credit: Shutterstock
© Provided by The Hearty Soul
Let's start with the positives. Almond milk is made from whole almonds, or almond butter, and water. It contains fewer calories than cow's milk and less fat, while being a natural source of vitamin E. It can be enjoyed as a one-to-one substitute to dairy milk when it comes to cereal, smoothies, baked goods etc. However, there are some potential caveats to keep in mind.
Read More: Almonds are out. Dairy is a disaster. So what milk should we drink?
Lacks protein
Image Credit: Shutterstock
Image Credit: Shutterstock
© Provided by The Hearty Soul
Protein is crucial for the body, especially when it comes to bone structure, enzyme production, and muscle growth. A cup of cow's milk contains 8 grams but almond milk contains only one. But if you want a dairy-free alternative high in protein, soy milk contains 7 grams per cup.
Low in nutrients
Photo: The Humble Co.
Photo: The Humble Co.
© Provided by The Hearty Soul
Despite almonds being considered a superfood, their nutrition value does not transfer to their milk version because it is made up of mostly water. One cup contains only 39 calories, 3 grams of fat, and 1 gram of protein, as previously mentioned. For better nutrition, you can look for almond milk brands that contain 7–15% almonds or are fortified with various vitamins and minerals. Alternatively, you can opt for other non-dairy milk alternatives like soy, pea, or oat.
Unsuitable for infants
Photo: Lucy Wolski
Photo: Lucy Wolski
© Provided by The Hearty Soul
Because almond milk is low on nutrients, it is not enough to sustain an infant's growth. In fact, cow's or plant-based milks may prevent iron absorption for babies under one year of age. Experts advise feeding infants only breastmilk or formula until they turn 4 to 6 months, which is when they can start on solid food. Parents who don't want to feed their child dairy should consult their pediatrician for recommendations for non-dairy baby formula.
May contain additives
Image Credit: Shutterstock
Image Credit: Shutterstock
© Provided by The Hearty Soul
Doctor remains cancer-free one year after using world-first treatment he developed for terminal brain tumor
©Provided by The Hearty Soul
Richard Scolyer's journey began in May of 2023 during his travels across Europe for some medical conferences. A seizure in Poland led to the discovery of an aggressive glioblastoma in his brain. This marked the onset of an uphill battle against a previously unbeatable adversary. An ominously grim prognosis was laid out for the esteemed pathologist. But undeterred by the bleak outlook, Scolyer journeyed to defy the odds, using his expertise and resources to make a way forward to potential salvation.
Read More: Cancer is Adaptive and Can Switch Sugar for Fatty Acids to Spread Around the Body
See more
Processed almond milk can have additives like sugar, salt, gums, lecithin, and emulsifiers. The latter ingredients are considered safe although some people choose to avoid them. Meanwhile, the negative health effects of too much sugar has been well-documented. Therefore, it's better to choose unsweetened versions of non-dairy milk.
Read More: Is Oat Milk a Scam?
Unsuitable for people with allergies
Photo: Leticia Maciel
Photo: Leticia Maciel
© Provided by The Hearty Soul
As most people can assume, almond milk (along with hazelnut milk, walnut milk, cashew milk, etc.) is not suitable for people with nut allergies.
Not environmentally friendly
Photo: Konevi
Photo: Konevi
© Provided by The Hearty Soul
People who choose to avoid dairy products due to environmental concerns might want to rethink their almond milk. When it comes to a product's environmental impact, there are four factor to consider: greenhouse gas emissions, land use, freshwater use, and eutrophication (the pollution of ecosystems with excess nutrients). Compared to rice, oat, and soy, almond milk uses considerably more freshwater.
Not good in coffee
Image Credit: Shutterstock
Image Credit: Shutterstock
© Provided by The Hearty Soul
There are many types of almond milks and not all are good for coffee. Some brands are not suitable for coffee or tea because the milk components split when poured into hot liquid. It may also fail to foam as well as cow's milk. So make sure you use barista-syle almond milk or creamier non-dairy milks like coconut or oat.
Difficult to cook with
Photo: Kristina Snowasp
Photo: Kristina Snowasp
© Provided by The Hearty Soul
Moreover, if an almond milk splits in coffee, it's likely to do the same when cooking. In fact, heating certain types can turn them bitter. Therefore, you should add almond milk toward the end of the process if you're adding it to the soup or the like, or find a almond milk brand - or other non-dairy milk - better suited for your chosen recipes.
chilar4567
3 months ago
Else Nutrition's Ready-to-Drink Kids Vanilla Shake Named Among the Best in Family-Friendly Products by the Prestigious Mom's Choice Awards(R)
7:30 AM ET 5/30/24 | GlobeNewswire
Else Nutrition's Ready-to-Drink Kids Vanilla Shake Named Among the Best in Family-Friendly Products by the Prestigious Mom's Choice Awards(R)
Selection follows rigorous panel evaluation deeming it among the best-in-class for families
VANCOUVER, British Columbia, May 30, 2024 (GLOBE NEWSWIRE) -- ELSE NUTRITION HOLDINGS INC. (BABY) (BABYF) (0YL.F) ("Else" or the "Company"), is honored to announce that its latest innovation, the plant-based Ready-to-Drink Kids Shakes (Vanilla), has earned the prestigious Mom's Choice Award(R) (MCA). The product was rigorously evaluated by a panel of MCA evaluators utilizing a propriety methodology in which entries are scored on a number of elements, including production quality, design, educational value, entertainment value, originality, appeal, and cost.
"Our aim is to introduce families and educators to best-in-class products and services," explains Dawn Matheson, Executive Director of the Mom's Choice Awards. "We have a passion to help families grow emotionally, physically and spiritually. Parents and educators know that products and services bearing our seal of approval are high-quality and also a great value. The MCA evaluation program is designed to incorporate the expertise of scientists, physicians and other specialists; but we also engage parents, children, educators, and caregivers because they are experts in knowing what is best for their families."
"We are thrilled to earn the Mom's Choice Awards 'Honoring Excellence' seal of approval," commented Hamutal Yitzhak, CEO & Co-Founder of Else Nutrition. "This selection by MCA is a great honor and further validation of the quality and great taste of our products. Moreover, this award mirrors the broad consumer and retail uptake we are experiencing, a strong indicator of future success. We truly appreciate all the great things the MCA does to connect consumers, educators, and caregivers with the best products and services available for families."
To be considered for an award, each entrant submits five identical samples for testing. Entries are matched to evaluators in the MCA database. Evaluators are bound by a strict code of ethics not only to ensure objectivity, but also to ensure that the evaluation is free from manufacturer influence. The five evaluations are submitted to the MCA Executive Committee for final review and approval.
To delve deeper into Else Nutrition's offerings and its revolutionary approach to early childhood nutrition, visit www.elsenutrition.com
chilar4567
3 months ago
Else Nutrition Adds New, Ready-to-Drink Kids Shakes at Canada's Largest Grocery Chain
7:30 AM ET 5/29/24 | GlobeNewswire
Else Nutrition Adds New, Ready-to-Drink Kids Shakes at Canada's Largest Grocery Chain
New Kids Ready-to-Drink Plant-Powered Shakes Now Available in Over 300 Locations Nationwide
VANCOUVER, British Columbia, May 29, 2024 (GLOBE NEWSWIRE) -- ELSE NUTRITION HOLDINGS INC. (BABY) (BABYF) (0YL.F) ("Else" or the "Company"), is proud to announce the expansion of its product line at Canada's largest grocery chain. Following the successful introduction of Else Nutrition's powder Kids Shakes and Toddler formulas, available in 500 stores across Canada, the company is now launching its innovative Kids Ready-to-Drink Plant-Powered Shakes in over 300 locations of this retailer, which will be available in both Chocolate and Vanilla flavors at the beginning of June 2024.
As an early adopter of Else Nutrition's plant-based products, Canada's largest grocery chain has been instrumental in bringing nutritious and sustainable options to Canadian families. The introduction of the Kids Ready-to-Drink Plant-Powered Shakes marks the next step in this successful partnership, expanding Else Nutrition's footprint and making it easier for parents to provide healthy, convenient options for their children.
"Our new Kids Ready-to-Drink Plant-Powered Shakes are designed to meet the nutritional needs of growing children while offering the convenience that busy parents need," said Hamutal Yitzhak, CEO and Co-Founder of Else Nutrition. "We are thrilled to see our products reaching more Canadian families through our continued partnership with the country's largest grocery chain. Their commitment to innovation and health aligns perfectly with our mission to provide clean, plant-based nutrition."
The Ready-to-Drink Shakes are made from whole plants, including almonds, buckwheat, and tapioca, ensuring they are dairy-free, soy-free, and gluten-free. Each serving is packed with essential nutrients, providing a balanced alternative to traditional dairy-based shakes. This makes them an excellent option for children with dietary restrictions or those following a plant-based diet.
Canadian parents can find Else Nutrition's Kids Ready-to-Drink Plant-Powered Shakes in this major chain's locations across both Eastern and Western provinces.
chilar4567
3 months ago
Else Nutrition Adds New Product Listings at Hundreds of Locations of World’s Largest Retailer
May 21, 2024 07:30 ET
| Source: Else Nutrition Holdings Inc.
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Retail giant will add Else’s New Ready-to-Drink Kids Shakes at ~ 600 new locations
Else Nutrition witnessing success on retailer’s online platform with sales rapidly increasing
RTD Kids Shakes at Over 600 New Locations
VANCOUVER, British Columbia, May 21, 2024 (GLOBE NEWSWIRE) -- ELSE NUTRITION HOLDINGS INC. (BABY) (BABYF) (0YL.F) ("Else" or the "Company"), is proud to announce that the world’s largest retailer will be adding additional Else’s product listings to hundreds of stores.
Else Ready-to-Drink Kids Shakes (Chocolate and Vanilla): Adding about 600 new stores, totaling over 1,000 stores for each flavors
Else Toddler Omega: Adding about 50 new stores, now available in over 400 stores in total
Else Toddler Organic: Adding about 14 new stores, now available in almost 400 stores in total
This U.S. based, multinational retailer will be adding Else’s Kids Ready-to-Drink shakes in both chocolate and vanilla flavors to over six hundred stores while also increasing Else’s Toddler Omega and Toddler Organic product listings to over four hundred stores, respectively. Importantly, Else has successfully shipped products to the retailer with the rollout planned for June 2024. Additionally, Else Nutrition is witnessing strong double-digit growth via the retailer’s online platform. The recent inclusion of Baby Super Cereal and new Kids Ready-to-Drink (RTD) products alongside all other Else SKUs on the retailer’s online platform has significantly boosted performance.
This strategic expansion significantly increases Else Nutrition’s shelf presence at the retailer, offering more touch points for customers seeking nutritious, Plant-Based options for their children and reflects the company’s commitment to providing more accessible and healthy nutrition options for babies, toddlers and children. The substantial increase in the availability of Else Kids Shakes, particularly, underscores the strong demand and trust parents place in these products for their children's nutritional needs.
“We are excited about this rapid growth and the increased visibility it brings to our brand. Our mission has always been to offer clean, sustainable options for early childhood nutrition, and with these additional touch points at the world’s largest retailer, we can reach even more families. Furthermore, the solid growth in our online presence and sales on the online platform, further complements this mission, expanding our accessibility and reach,” said Hamutal Yitzhak, CEO and Co-Founder of Else Nutrition.
For more information on Else Nutrition’s product offerings and to explore the newly added items, visit www.elsenutrition.com.
About Else Nutrition Holdings Inc.