Canada's Else Nutrition Q1 revenue falls on supply issues

Else Nutrition Holdings

15/05/2026 18:53

Overview

Canada plant-based nutrition maker's Q1 revenue declined yr/yr due to out-of-stock challenges

Gross margin improved to 40% from 24% in prior yr, reflecting inventory optimization

Quarterly net loss reduced to C$0.6 mln from C$3.4 mln yr/yr after restructuring

Outlook

Company did not provide specific financial guidance for the current or future periods

Result Drivers

OUT-OF-STOCK CHALLENGES - Revenue declined mainly due to product out-of-stock situations, per CEO Hamutal Yitzhak

GROSS MARGIN IMPROVEMENT - Gross margin rose to 40% from 24% yr/yr, reflecting inventory optimization, tighter supply chain management, and operational discipline

COST CUTTING - Net loss and operating expenses were sharply reduced after restructuring and efficiency initiatives, including streamlining lower-margin activities and optimizing marketing spend

Company press release: ID:nCNW4CcGDa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$1.50 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)