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Cizzle Brands Corporation Releases its Fiscal Q1 2026 Results
Businesswire· 2025-12-15 22:00
Core Insights - Cizzle Brands Corporation reported a revenue increase of 18% year-over-year, reaching $3.3 million for Q1 Fiscal 2026, compared to $2.8 million in Q1 Fiscal 2025 [3][7] - The company achieved a gross profit of $1.8 million, resulting in a gross margin of 54% [7] - Cizzle Brands is focused on expanding its retail presence and investing in marketing, infrastructure, and product innovation to drive long-term growth [4][3] Financial Performance - Revenue for Q1 Fiscal 2026 was $3.3 million, an 18% increase from $2.8 million in the same quarter last year [7] - Gross profit stood at $1.8 million, reflecting a gross margin of 54% [7] - The company secured a $5.0 million non-dilutive revolving credit facility to support working capital and growth initiatives [7] Strategic Initiatives - Cizzle Brands is expanding its distribution across major retail channels, including Loblaws, Real Canadian Superstore, Circle K, Petro-Canada, and Pure Hockey [7] - The successful launch of HappiEats Sport Pasta marks an expansion of the company's product portfolio beyond beverages and supplements [7] - Management emphasizes the importance of athlete partnerships and brand-building to sustain revenue growth and improve margins over time [4][3] Management Commentary - CEO John Celenza highlighted the strong momentum at the start of fiscal 2026, attributing revenue growth to high demand for CWENCH Hydration [3] - The company is strategically investing in marketing and infrastructure to build category-leading brands [3] - The addition of new board members, including Ndamukong Suh, is expected to strengthen the company's leadership [7] Company Overview - Cizzle Brands Corporation specializes in sports nutrition and wellness products, with three main brands: CWENCH Hydration, Spoken Nutrition, and HappiEats [6] - CWENCH Hydration is available in over 5,400 locations across Canada, the U.S., and Europe [6] - The company collaborates with athletes and trainers to develop products aimed at enhancing performance and promoting a healthy lifestyle [6]