This week it is quite likely that the Yuka E-Commerce (OTCMKTS:YUKA) is going to come into focus among investors after it ended the first fiscal quarter strongly. Following the announcement from the company on Friday, the stock moved strongly as well and ended up with gains of as much as 15%.
Trading Data
On Friday, YUKA stock gained 15% to $0.23 with more than 2K shares, compared to volume of 1.1K shares. The stock moved within a range of $0.2300 – 0.3799 after opening trade at $0.3699.
Yuka Group Inc. Closes Q1 with Massive Revenue in Purchase Orders
The company announced that in the first quarter it topped its own sales projections thanks to excellent showing from all product categories. Some of the product categories include technology, beauty and home among others. Hence, it was perhaps no surprise that the stock rallied strongly after the announcement.
In this regard, it is perhaps also necessary to point out that Yuka has also managed to expand its portfolio significantly in 2022 through the addition of new brands.
Some of those brands include Miyo Scents, Enjjoy CBD, Nuovaluce Beauty and Amore Paris among others. The company announced yesterday that although the sales numbers have been encouraging, it has also managed to bring in growth in other sectors of its business as well. It was noted that the CBD category of products has been the best performer having generated gross sales to the tune of $540000 so far in 2022.
Key Quote
“We have the capability to work with only the best and most well-known brands which keeps us as the lead for our buyers specific demands for best-selling or high potential goods currently in the market.” said Meir Avitan, President of Yuka Group Inc. “Finishing off the last week of Q1, our team has managed to secure over $100K+ in new purchase orders for Home Shopping Networks in a span of one week.” He added. “With the addition of these new brands, our audience range has exponentially increased.”
