Youngevity International Inc (NASDAQ: YGYI) is spending some time in the green this morning, and for good reason. The company released details with regard to sales growth in the month of August, and the growth was impressive to say the least. At the moment (9:31) YGYI is trading at $4.69 per share after a gain of $0.01 per share or 0.24% thus far today.
YGYI Announces Impressive Sales Growth
As mentioned above, Youngevity International released its sales results for the month of August early this morning. Needless to say the growth was impressive. In fact, the company said that Café La Rica espresso, The OfficialCafecito of the Miami Marlins, has seen sales increase by 419$ in unit sales for the month of August. YGYI said that the sales increase was primarily driven by Ad Specials that took place during the month with retail partners. In a statement, Ernesto Aguila, President of the wholly-owned subsidiary of YGYI, CLR Roasters, had the following to offer…
“We are saddened for all people that are suffering from the aftermath of Hurricane Irma. CLR Roasters is fortunate that our facilities did not sustain any damage and we were able to resume production and shipping to many of our accounts after only a few days of business interruption. Although August was a terrific month for our Café La Rica brand as we added 60 new accounts and saw a 46% increase in unit sales at Wal-Mart Stores, we have experienced a slower start in September due to Hurricane Irma within our Florida accounts. In spite of this slow down we expect the third quarter will experience overall stable sales and we anticipate that we will regain our sales momentum as we enter the 4th Quarter…”
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on YGYI. In particular, we’re interested in following the continued expansion of CLR Roasters as well as the rest of the incredible product line brought to market by the company. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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