Bubs Australia
(ASX:BUB) has today announced the strongest quarter in the company’s history with fourth quarter sales exceeding that of the full year in 2018.
The infant nutrition company's fourth quarter revenue was $18.46 million which is the company's highest quarterly revenue on record.
Group sales lifted by 56 per cent up compared to previous quarter, and were up 108 per cent on the same period last year.
Gross revenues for the full year finished at $51.3 million which is a 179 per cent increase on the prior year.
Bubs says the core driver was Bubs goat milk infant formula which increased 341 percent on a year-on-year basis.
Shares in Bubs
(ASX:BUB) closed 2.9 per cent lower at $1.34 on Friday.
