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Mar 31, 2021
cbdMD Q2 2021 Earnings Report
Reported a 26% increase in year-over-year net sales for the March 2021 quarter, resulting in record trailing twelve-month net sales.
Key Takeaways
cbdMD, Inc. reported a 26% increase in net sales for the second quarter of fiscal year 2021, reaching $11.8 million, driven by growth in both e-commerce and wholesale channels. The company launched new products and expanded its marketing and sponsorship programs.
Net sales increased by 26% year-over-year to $11.8 million.
E-commerce direct-to-consumer net sales increased by 23.3% year-over-year to $8.4 million.
Wholesale net sales increased by 31.3% year-over-year to $3.4 million.
Paw CBD net sales increased by 84% year-over-year to $1.4 million.
cbdMD
cbdMD
Forward Guidance
The company expects Q1 Fiscal 2022 Net Sales to range from $15.5 million to $16.25 million