Edible Garden Reports a 324% Year-Over-Year Increase in Gross Profit for Nine-Month Period Ending September 2024
Edible Garden AG Incorporated (EDBL)
Company Research
Source: GlobeNewswire
Healthy Core Business Operations - Year-to-Date Cut Herbs Sales Up 55% and Pulp Sales Up; Momentum Expected to Continue into 2025 Conference Call to Be Held Today at 8:00 am ET BELVIDERE, N.J., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL), a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products, today provided a business update and reported financial results for the three months ended September 30, 2024. Jim Kras, Chief Executive Officer of Edible Garden, commented, " We are pleased to report another strong quarter. Earlier this year, we made a strategic shift away from lower margin floral and lettuce products. This decision continues to pay dividends, highlighted by a $687,000 increase in gross profit for the third quarter of 2024 compared to the same period last year, representing gross profit margin expansion of 27% as compared to the third quarter of
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News
- Edible Garden Preliminary Sales Results During Key Thanksgiving Time Period Surge 51% in 2024GlobeNewswire
- Edible Garden to Showcase USDA Organic Produce and Sustainable Initiatives at 2024 New York Produce Show and Conference, December 11, 2024GlobeNewswire
- Edible Garden Drives Distribution of USDA Organic Herbs at Additional Key Food, City Supermarket and Lincoln Market Locations in NY Metropolitan AreaGlobeNewswire
- Dario Pressimone Joins Edible Garden as Vice President of Digital and E-Commerce [Yahoo! Finance]Yahoo! Finance
- Dario Pressimone Joins Edible Garden as Vice President of Digital and E-CommerceGlobeNewswire
EDBL
Sec Filings
- 12/19/24 - Form 8-K
- 12/10/24 - Form 8-K
- 12/6/24 - Form PRE
- EDBL's page on the SEC website