Better For You Wellness, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended August 31, 2023
October 16, 2023 at 01:45 pm EDT
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Better For You Wellness, Inc. reported earnings results for the second quarter and six months ended August 31, 2023. For the second quarter, the company reported sales was USD 0.001804 million compared to USD 0.001716 million a year ago. Net loss was USD 0.486194 million compared to USD 0.693634 million a year ago.
For the six months, sales was USD 0.003654 million compared to USD 0.002022 million a year ago. Net loss was USD 1.23 million compared to USD 1.67 million a year ago.
Better For You Wellness, Inc. operates a dual buy-and-build model within the wellness industry. The Company, through its wholly owned subsidiary, builds and operates digitally native, mission-driven brands within the clean beauty sector, including Mango Moi. It evaluates the wellness industry in six goals-based categories: better health, better fitness, better nutrition, better appearance, better sleep, and better mindfulness. The Company is engaged in exploring and evaluating various business opportunities in the food, beverage, and consumer packaged goods (CPG) categories. The Company's subsidiaries include Glow Market LLC and Mango Moi, LLC. Glow Market LLC owns and operates Better Suds soap brand. Mango Moi, LLC offers a natural skincare and body care product line with naturally clean ingredients to soothe dry skin, eczema, psoriasis, and cracked skin. Its products are produced using various ingredients, including mango butter, baobab oil, kukui nut oil, and murumuru butter.
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