Reborn Coffee Provides Third Quarter 2024 Corporate Update and Financial Results [Yahoo! Finance]
Reborn Coffee, Inc. (REBN)
Company Research
Source: Yahoo! Finance
Key Financial and Operational Highlights Despite higher food costs, in the nine months ending September 30, 2024, revenue was steady at $4.1 million as compared to the same period revenue in 2023. Company-operated store gross margins for nine months ended September 30, 2024, increased to 72% compared to 68% for the same period in 2023. Ended Q3'24 with 12 open locations, with 1 location in development. Q3'24 wholesale and online sales grew 432% to $140,407 from $26,401 in Q3'23. Q3 2024 and Subsequent Events Acquired a 58% stake in Bbang Ssaem Bakery, one of Korea's most iconic bakery brands with an estimated $7 million trailing twelve months revenue through November, 2024, serving as a launchpad for Reborn Coffee's entry into the South Korean franchise market and deliver premium coffee and bakery experiences to new locations. Landmark distribution agreement through Bbang Ssaem Bakery F&B will bring Reborn's preservative-free, signature baked goods to approximately 8,00
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News
- Reborn Coffee Provides Third Quarter 2024 Corporate Update and Financial ResultsGlobeNewswire
- Reborn Coffee's Bbang Ssaem Bakery F&B Forges Major Distribution Agreement with Leading Korean Coffee Chain [Yahoo! Finance]Yahoo! Finance
- Reborn Coffee’s Bbang Ssaem Bakery F&B Forges Major Distribution Agreement with Leading Korean Coffee ChainGlobeNewswire
- Reborn Coffee Closes Acquisition of 58% Stake in South Korea's Bbang Ssaem Bakery [Yahoo! Finance]Yahoo! Finance
- Reborn Coffee Closes Acquisition of 58% Stake in South Korea’s Bbang Ssaem BakeryGlobeNewswire
REBN
Sec Filings
- 11/19/24 - Form 10-Q
- 11/15/24 - Form NT
- 11/12/24 - Form S-1
- REBN's page on the SEC website