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GURU — Guru Organic Energy News Story

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Consumer DefensivesAdventurousMicro CapFalling Star

Energy drink maker GURU's Q3 revenue rises 31.4%, beats analyst expectations

Overview

GURU Q3 net income at C$1.3 mln, first profitable qtr since 2020

Q3 revenue rises 31.4% to C$10.4 mln, beating analyst expectations

Adjusted EBITDA beats estimates, improving to C$1.6 mln from a loss of C$1.5 mln

Outlook

Company launched GURU Island Breeze Punch in Quebec and online

Early sell-through of 18-pack Zero variety exceeded expectations

GURU expanding U.S. presence and direct distribution in Canada

Company expects sustained growth in energy drink market

Result Drivers

DIRECT DISTRIBUTION - Transition to direct distribution model in Canada boosted sales by 35%, enhancing retailer relationships and execution flexibility

ONLINE SALES - Record Amazon sales in July, with Prime Day sales up 40% in Canada and 96% in the U.S., driving U.S. sales growth of 16.4%

GROSS MARGIN EXPANSION - Gross margin increased to 71.3% due to a one-time adjustment; excluding this, margin improved to 65.9% from 55.4% last year

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeatC$10.44 mlnC$8.20 mln (2 Analysts)
Q3 EPSC$0.04
Q3 Net IncomeC$1.30 mln
Q3 Adjusted EBITDABeatC$1.55 mln-C$1.53 mln (2 Analysts)
Q3 Gross ProfitC$7.44 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the non-alcoholic beverages peer group is "buy" Wall Street's median 12-month price target for Guru Organic Energy Corp is C$3.13, about 7.2% above its September 10 closing price of C$2.90 Press Release: ID:nGNX1qy9Cl (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.)

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