Swiss Water Decaffeinated Coffee, Inc (TSE:SWP) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Swiss Water Decaffeinated Coffee Inc. reported a first-quarter revenue of $38.7 million for 2024, down $10.3 million from the same period last year due to normalized order patterns post an exceptional previous year. The company saw a marginal gross profit increase to $5.1 million, benefiting from consolidated operations in Delta, BC, despite a decline in sales volume and green coffee differential margin. Adjusted EBITDA fell to $2.8 million, reflecting the expected lower sales volumes and margins.
For further insights into TSE:SWP stock, check out TipRanks’ Stock Analysis page.
