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Jowell Global ( (JWEL) ) has provided an update.
Jowell Global Ltd. reported a slight increase in revenue by 1.5% to $85.7 million for the first half of 2024, despite a 7.0% decline in gross merchandise value. The company managed to reduce its net loss by 47.1% to $3.8 million, thanks to cost reduction measures including lower fulfillment, marketing, and administrative expenses. The surge in sales of health and nutritional supplements, driven by promotional activities, contributed significantly to the revenue rise, offsetting declines in cosmetics and household products sales.
More about Jowell Global
Jowell Global Ltd. is a major e-commerce platform based in China, focusing on cosmetics, health and nutritional supplements, and household products.
YTD Price Performance: 22.43%
Average Trading Volume: 302,959
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.69M
See more data about JWEL stock on TipRanks’ Stock Analysis page.