GLUCOSE HEALTH, INC. FISCAL 2020 3rd QUARTER REVENUE INCREASES 91% BEATING PRELIMINARY ESTIMATE BY 11%
November 09 2020 - 7:30AM
InvestorsHub NewsWire
GLUCOSE HEALTH, INC. FISCAL 2020
3rd QUARTER
REVENUE INCREASES 91%
BEATING
PRELIMINARY
ESTIMATE BY 11%
BENTONVILLE, AR
-- November
9,
2020 -- InvestorsHub NewsWire -- Glucose Health, Inc.
(OTC:
GLUC) revenue
for
the quarterly
period
ending September 30, 2020 increased 91%
vs. the
comparative
2019
period.
Previously,
on
October 1, 2020, a preliminary
sales
tally at the close of the
third quarter suggested
an
80%
revenue
increase. Today,
with
all
invoices for the
third
quarter
now
tabulated
and financial statements
posted at OTCMarkets.com, Glucose Health,
Inc. is pleased to
update
its
preliminary
80%
revenue
increase
to
a
final 91%
revenue
increase
for the
third quarter of
2020.
Glucose
Health, Inc.'s 91% revenue
increase in
fiscal
2020 vs. the 2019
comparative period was
driven
by three factors:
strong
Walmart
sales; new
revenues
generated
from
shipments to CVS;
and unexpectedly
robust
sales
at Amazon,
despite
inventory
challenges. For most of the
third quarter
of
2020, two
of
the four flavors
of
GLUCODOWN® were
in
sold-out
status
at
Amazon. Nevertheless,
sales of the
two
remaining in-stock
GLUCODOWN® flavors
at
Amazon
more than
outpaced third quarter 2019 Amazon sales.
Next
week, Glucose Health, Inc. will provide
additional
important
updates
to
shareholders relating to
the third quarter report. These updates will highlight
the Company's
improving
gross
profit, evident in the third
quarter financial statements posted today, plus
the
exciting progress
being
achieved
by the
Company in its development of
GLUCODOWN® Diabetic Friendly Drink Mixes targeting
the
fast
growing
"enhanced
water" beverage
category.
According
to Fortune Business Insights™, the enhanced
water
beverage
category
will grow to $18 billion in total
annual
revenues by 2025.2
About Glucose Health, Inc. (OTC:
GLUC)
Manufactured
by Glucose Health, Inc., GLUCODOWN® is
formulated
for the diabetic/adult
nutrition
retail category. More than 100 million Americans are estimated to
be diabetic or pre-diabetic, by the Centers for Disease Control and
Prevention.1
GLUCODOWN®
provides
these consumers,
and
increasingly
many
other health-conscious
consumers
such as
followers of a KETO diet, with a
nutritious,
efficacious and
delicious
beverage
option.
Glucose
Health, Inc. is a publicly traded company with the ticker symbol
OTC: GLUC.
For more GLUC news visit
www.glucosehealthinc.com
1National
Diabetes Statistics Review, 2020;
Centers for Disease Control and Prevention, Department of Health
and Human Services.
2
https://www.globenewswire.com/news-release/2020/05/14/2033658/0/en/Functional-Water-Market-Size-to-Worth-USD-18-24-Billion-by-2025-Advancements-in-Packaging-Technology-to-Augment-Growth-Says-Fortune-Business-Insights.html
Contact:
Murray
Fleming
Glucose Health,
Inc.
info@glucosehealthinc.com
(479)
802-3827
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