Guru Organic Energy reports Q3 EPS (C$0.07) vs. (C$0.09) last year

Reports Q3 revenue C$7.94M vs. C$8.88M last year. “Despite a decline in net revenue in the third quarter, mainly due to reduced shipments and decreased convenience store traffic, we achieved retail scan growth in our key channels. Notably, we delivered double-digit growth in our retail and untracked channels in Quebec, on Amazon in both Canada and the US, and at Whole Foods, while making significant progress in reducing our net loss. In response to the challenges, we initiated a packaging and messaging revitalisation and strengthened our marketing team with a focus on digital strategies. These efforts are aimed at boosting consumer engagement and driving future sales growth,” said Carl Goyette, President and CEO. “This fall will be very active for GURU, with the US launch of our GURU Zero Sugar line on Amazon and in select fitness clubs and retailers. This is a great opportunity for GURU to expand its GURU Zero brand in the US, a better-for-you energy drink that combines zero sugar, zero sucralose and zero aspartame in the zero-sugar beverage segment, which now represents 50% of the $20+ billion North American energy drink category. In Canada, we will conduct our first roadshow at a leading wholesale club, featuring our Punch line in prime locations across the country. If successful, this could lead to new opportunities in this major channel. In the coming quarters, our primary focus will be on accelerating our return to profitability, and we are confident that we have ample resources to achieve this goal. We will continue to strategically deploy resources and capital to deliver tangible results and return on investment, all while remaining deeply committed to our consumers, driving innovation and fostering sustainable growth in key channels.”