Guru Organic Energy reports Q1 EPS (C$0.06) vs. (C$0.08) last year

Reports Q1 revenue C$7.1M vs. C$5M last year. “GURU has now achieved a fourth consecutive quarter of topline growth, with solid retail channel results in Q1, particularly in urban areas, lifted by strong momentum in the US online and club wholesale channels, two growth vectors that are each the same size as the Canadian energy drink market. Traction on Amazon.com, where GURU is the #1 organic energy drink according to SPINS market measurement, has been particularly impressive with consumer sales up 89% in Q1 and up 43% over the last 52 weeks compared to the previous year. Across these channels and where available, our latest innovations continue to bear fruit, led by our expanding punch line which is resonating well with consumers. By focusing on these three sales channels and our innovation pipeline, we believe that we have found the recipe to unlock GURU’s true market potential,” said Carl Goyette, President and CEO of GURU. “Subsequent to quarter end, GURU launched two US wholesale club rotational programs, in Los Angeles and the Midwest, and rolled-out Peach Mango Punch in Canadian and US retailers, and will launch Tropical Punch in April in Whole Foods nationally. All of this is supported by marketing initiatives that reflect our revitalized GURU GUUUUD ENERGY brand positioning, and our recently relaunched transactional website. In Q2, GURU will also launch its first zero sugar organic energy drink in Quebec, which contains metabolism boosting functionalities combined with a delicious wild berry flavour.” “As we push ahead with our growth strategy, we also remain focused on reducing costs and accelerating our return to profitability, having recorded a decrease in net loss for the last five consecutive quarters. Over the coming quarters, we will continue to strategically and selectively deploy our GUUUUD ENERGY, whether through the retail, online or wholesale club channels. With activities aimed at reaching our target consumer and growing our North American market share over time, the ultimate goal is to generate long-term profitable growth,” concluded Mr. Goyette.