Edible Garden Preliminary Sales Results During Key Thanksgiving Time Period Surge 51% in 2024
Edible Garden Preliminary Sales Results During Key Thanksgiving Time Period Surge 51% in 2024
Exceeded Company's Expectations, Demonstrates Value Delivered to Customers
超出了公司的預期,展示了向客戶交付的價值
Record Sales Fueled by Increased Focus on Core Strengths and Industry-Leading Fulfillment Rates
創紀錄的銷售額得益於對核心優勢和行業領先的履行率的更加關注
BELVIDERE, NJ, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated ("Edible Garden" or the "Company") (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced that the Company experienced a 51% year-over-year increase in preliminary sales results for the Thanksgiving time-period.1
新澤西州貝爾維爾,2024年12月19日(環球新聞通訊社)-- Edible Garden AG公司("Edible Garden"或"公司")(納斯達克:EDBL,EDBLW),在受控環境農業(CEA)、本地種植、有機和可持續農產品及產品方面的領導者,今天宣佈公司在感恩節期間的初步銷售結果較去年同期增長了51%。
Jim Kras, Chief Executive Officer of Edible Garden, remarked, "We are thrilled with the Company's performance this Thanksgiving time period, marked by record-breaking sales that reflect a 51% year-over-year increase. This achievement highlights the growing demand for our fresh, sustainable products. By fully harnessing the potential of our complete herb line and focusing on our core strengths, we believe we have further strengthened Edible Garden's position as a recognized innovative leader in the industry."
Edible Garden首席執行官Jim Kras表示:"我們對公司在今年感恩節期間的表現感到非常高興,創紀錄的銷售額反映出同比增長51%。這一成就凸顯了市場對我們新鮮、可持續產品日益增長的需求。通過充分利用我們完整的香草產品線的潛力,並專注於我們的核心優勢,我們相信我們進一步鞏固了Edible Garden作爲行業公認的創新領導者的地位。"
"Our consistently above industry average fulfillment rate, in excess of 98%, remains a foundational pillar of our success, further establishing Edible Garden as a distinguished leader in the industry. This notable achievement underscores our operational excellence and steadfast commitment to delivering on our promises, ensuring our retail partners and customers can depend on us for unmatched quality and consistency. Our reputation for dependability and quality not only strengthens our relationships with existing partners—who value Edible Garden for our high-quality, locally sourced, organic, and sustainably produced goods, integral to our Zero-Waste Inspired mission—but also enhances our appeal as we seek opportunities to further expand our distribution network."
「我們 consistently 超過行業平均的履行率,超過98%,仍然是我們成功的基礎支柱,進一步確立了 Edible Garden 作爲行業的傑出領導者。這項顯著成就彰顯了我們的經營卓越和堅定承諾,確保我們的零售合作伙伴和客戶可以依賴我們提供無與倫比的質量和一致性。我們在可靠性和質量方面的聲譽不僅鞏固了與現有合作伙伴的關係——他們重視 Edible Garden 提供的高質量、本地採購、有機和可持續生產的商品,這些商品對於我們的零廢棄靈感使命至關重要——而且在我們尋求進一步擴展分銷網絡的機會時增強了我們的吸引力。」
ABOUT EDIBLE GARDEN
Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products backed by Zero-Waste Inspired next generation farming. Offered at over 5,000 stores in the US, Edible Garden is disrupting the CEA and sustainability technology movement with its safety-in-farming protocols, use of sustainable packaging, patented GreenThumb software and self-watering in-store displays. The Company currently operates its own state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey and Grand Rapids, Michigan, and has a network of contract growers, all strategically located near major markets in the U.S. Its proprietary GreenThumb 2.0 patented (US Nos.: US 11,158,006 B1, US 11,410,249 B2 and US 11,830, 088 B2) software optimizes growing in vertical and traditional greenhouses while seeking to reduce pollution-generating food miles. Its proprietary patented (U.S. Patent No. D1,010,365) Self-watering display is designed to increase plant shelf life and provide an enhanced in-store plant display experience. Edible Garden is also a developer of ingredients and proteins, providing an accessible line of plant and whey protein powders under the Vitamin Way and Vitamin Whey brands. In addition, the Company's Kick Sports Nutrition line features premium performance products that cater to today's health-conscious athletes. Furthermore, Edible Garden offers a line of sustainable food flavoring products such as Pulp gourmet sauces and chili-based products. For more information on Pulp products go to . For more information on Vitamin Whey products go to . For more information on Edible Garden go to .
關於Edible Garden
Edible Garden AG股份有限公司是受控環境農業(CEA)、本地種植、有機和可持續農產品及基於零廢棄靈感的下一代養殖業的領導者。Edible Garden在美國超過5000家店鋪銷售,通過其農場安全協議、使用可持續包裝、專利GreenThumb軟體和自澆水商店展示,正在顛覆CEA和可持續科技運動。該公司目前在新澤西州Belvidere和密歇根州Grand Rapids運營自身的尖端溫室和加工設施,並擁有一網絡的合同種植者,這些種植者都戰略性地位於美國主要市場附近。其專有的GreenThumb 2.0專利(美國專利號:US 11,158,006 B1、US 11,410,249 B2和US 11,830, 088 B2)軟體優化了垂直和傳統溫室的生長,同時尋求減少污染產生的食品交通里程。其專有專利(美國專利號D1,010,365)自澆水展示的設計旨在增加植物的貨架壽命,並提供增強的店內植物展示體驗。Edible Garden也是成分和蛋白質的開發者,提供以Vitamin Way和Vitamin Whey品牌的植物和乳清蛋白粉。除此之外,該公司的Kick Sports Nutrition系列包含迎合當今健康意識運動員的優質產品。此外,Edible Garden還提供一系列可持續食品調味產品,如Pulp美味醬和辣椒基產品。有關Pulp產品的更多信息請訪問。有關Vitamin Whey產品的更多信息請訪問。有關Edible Garden的更多信息請訪問。
1. Reflects sales for the weeks of November 8-24, 2024, compared to the weeks of November 1-18, 2023.
1. 反映2024年11月8日至24日的銷售情況,與2023年11月1日至18日的銷售情況相比。
Key Performance Indicator
This press release contains reference to the Company's fulfillment rate which is a key performance metric management uses to analyze and measure the Company's financial performance and results of operation. Management uses fulfillment rate as a measure of current and future business and financial performance, and it may not be comparable with measures provided by other companies. The Company defines fulfillment rate as the percentage of orders filled in full, relative to the total number of orders received during the period.
關鍵績效指標
本新聞稿提到公司的履約率,這是管理層用於分析和衡量公司財務績效及經營成果的關鍵績效指標。管理層將履約率用作當前和未來業務及財務績效的衡量標準,這可能與其他公司所提供的衡量標準不可比較。公司將履約率定義爲在期間內完全履行的訂單與收到的訂單總數的百分比。
Preliminary, Unaudited Financial Disclosures
The data presented above is preliminary and unaudited, based upon our estimates, and subject to further internal review by management and compilation of actual results. The data presented above may not be reflective of year-over-year trends in consolidated revenue during the quarter ending December 31, 2024 (the "4th Quarter"). Our closing procedures for the 4th Quarter and year ending December 31, 2024 are not yet complete. Our management's estimates are based upon preliminary information currently available from our business and do not include any promotional deductions. While we expect that our results will be consistent with these preliminary and unaudited estimates, our actual results may differ materially from these preliminary estimates.
初步未經審計的財務披露
上述數據爲初步數據,未經審計,基於我們的估算,並需經過管理層進一步內部審核及實際結果的彙總。上述數據可能無法反映2024年12月31日結束的季度的合併營業收入的同比趨勢(「第四季度」)。我們對第四季度和截至2024年12月31日的年度的結算程序尚未完成。我們管理層的估算基於當前從我們的業務中獲得的初步信息,並不包括任何促銷折扣。雖然我們預計我們的結果將與這些初步和未經審計的估算一致,但我們的實際結果可能與這些初步估算有重大差異。
This preliminary financial information is not a comprehensive statement of our financial results for this period. Our actual results may differ materially from these estimates due to the completion of our financial closing procedures, final adjustments, and other developments that may arise between now and the time the closing procedures for the quarter are completed.
這份初步財務信息並不是我們在此期間財務結果的全面聲明。由於完成財務結算程序、最終調整以及在當前與本季度結算程序完成之間可能出現的其他發展,我們的實際結果可能與這些估計存在重大差異。
This preliminary financial information should not be viewed as a substitute for our full interim or annual financial statements prepared in accordance with U.S. generally accepted accounting principles. Accordingly, you should not place undue reliance on this preliminary financial information. The preliminary financial information has been prepared by, and is the responsibility of, our management. Marcum LLP, our independent registered public accounting firm, has not audited, reviewed, compiled or performed any procedures with respect to the accompanying preliminary financial data. Accordingly, Marcum LLP does not express an opinion or any other form of assurance with respect thereto.
這份初步財務信息不應被視爲我們按照美國公認會計原則準備的完整中期或年度基本報表的替代品。因此,您不應對這份初步財務信息過於依賴。初步財務信息由我們的管理層準備,並由其負責。我們的獨立註冊公共會計師事務所Marcum LLP並未對隨附的初步財務數據進行審計、審查、彙編或執行任何程序。因此,Marcum LLP不會對此表示意見或任何其他形式的保證。
Forward-Looking Statements
This press release contains forward-looking statements, including with respect to the Company's growth strategy and performance as a public company. The words "believe," "future," "seek," "will," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including market and other conditions and the Company's ability to achieve its growth objectives, and other factors set forth in the Company's filings with the Securities and Exchange Act Commission, including the Company's annual report on Form 10-K for the year ended December 31, 2023 and subsequent quarterly reports on Form 10-Q. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Specifically our sales growth during the Thanksgiving time period may not (i) reflect our overall revenue growth during the 4th Quarter, (ii) represent the amount of sales that the Company will be able to recognize as revenue during the 4th Quarter, and (iii) be consistent with full-year sales results. The Company's Thanksgiving time period results are preliminary and unaudited and are based on the Company's internal financial records as of the date of this press release. The Company's independent publicly registered accounting firm, Marcum LLP has not audited, reviewed, compiled or performed any procedures with respect to this financial information for the Thanksgiving time period. Accordingly, Marcum LLP does not express an opinion or any other form of assurance with respect to these preliminary results. You should not rely upon forward-looking statements as predictions of future events. The Company undertakes no obligation to update any such forward-looking statements after the date hereof to conform to actual results or changes in expectations, except as required by law.
前瞻性聲明
本新聞稿包含前瞻性聲明,包括關於公司增長策略和作爲上市公司的表現。"相信"、"未來"、"追尋"、"將"以及類似表述旨在識別前瞻性聲明。這些前瞻性聲明受到多種風險、不確定性和假設的影響,包括市場和其他條件以及公司實現增長目標的能力,以及公司在證券交易委員會的文件中列出的其他因素,包括截至2023年12月31日的年度報告10-k表格和隨後季度報告10-Q表格。實際結果可能與前瞻性聲明中明確或暗示的結果存在重大差異。具體來說,我們在感恩節期間的銷售增長可能不會(i) 反映我們在第四季度的整體營業收入增長,(ii) 表示公司在第四季度能夠確認的營業收入金額,以及(iii) 與年度銷售結果一致。公司的感恩節期間業績是初步的且未經審計,基於本新聞稿日期的公司內部財務記錄。公司的獨立註冊公共會計師事務所Marcum LLP並未對感恩節期間的財務信息進行審計、審查、彙編或執行任何程序。因此,Marcum LLP不會對此初步結果表示意見或任何其他形式的保證。您不應將前瞻性聲明視爲未來事件的預測。公司沒有義務在本通告日期之後更新任何此類前瞻性聲明,以符合實際結果或期望的變化,除非法律要求。
Investor Contacts:
Crescendo Communications, LLC
212-671-1020
EDBL@crescendo-ir.com
投資者聯繫方式:
Crescendo Communications, LLC
212-671-1020
EDBL@crescendo-ir.com
譯文內容由第三人軟體翻譯。