We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
RYU Apparel Inc | TSXV:RYU | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.02 | 0.015 | 0.015 | 0 | 01:00:00 |
VANCOUVER, BC, Dec. 10, 2021 /CNW/ - RYU Apparel Inc. (TSXV: RYU) (OTCQB: RYPPF) (FWB: RYAA) ("RYU" or the "Company"), creator of award-winning urban athletic apparel, is pleased to announce that the Company has reported sales of $313,9868 for the three-month period ending September 30th, 2021, a 304% increase over the prior year.
During the first two quarters of 2021, RYU's inventory and sales were significantly impeded by the global supply chain challenges and restrictions associated with the pandemic. Although many of the global headwinds remain industry-wide challenges, the revenue increase represents an inflection point as the company continues to build upon its strong foundation and corporate strategy.
Other fiscal period highlights Include:
_______________________________ | ||||
1 Specific eCommerce and Retail results are unaudited | ||||
converted to CAD | * 1.2405 CAD/USD | *1.267 CAD/USD |
LETTER FROM CEO
Over the last two years I have been set on marshaling in a new era for RYU with a focus on strong capital market partners and establishing a team of world class apparel executives. Those who know me well know I'm eager, enthusiastic and that I pride myself on honesty and dedication to achieving results that drive shareholder value.
My experiences over these past two years have taught me the importance of patience and clear processes for developing a successful apparel business. Growth is something we have achieved as professionals, as a team and at every level of RYU's business.
Our team has fully operationalized this business, and in the past nine-month period, has achieved many of our stated corporate objectives. By way of example, in his first letter to shareholders in June, COO Rob Blair stated we would accelerate revenue in the second half of 2021. Our increase of 304% vs. the previous period last year is a marker that reflects our team's commitment to delivering on our corporate strategy. As the market forecast continues to trend upwards in the athleisure category, we are positioned for further growth especially considering this past quarter does not yet include revenue contribution for soon-to-be-launched consumer products, as well as revenue contribution related to inventory shortages and delayed deliveries.
Although much of what makes an apparel company like RYU great never makes a headline, Mr. Blair continues to effectively and tirelessly rebuild the business and add key components that will further our product innovations, unparalleled customer experiences, demand creations and seamless end-to-end brand experience.
As we press onward, I thank shareholders for their continued support and patience, and I am excited for the team to share more about their plans for 2022 and beyond.
Sincerely,
Ceasare Fazari
About RYU Apparel
RYU Apparel (TSXV: RYU, OTCQB: RYPPF), or Respect Your Universe, is an award-winning urban athletic apparel and accessories brand engineered for the fitness, performance and lifestyle of the athletic man and woman. Designed without compromise for fit, comfort, and durability, RYU exists to facilitate optimal human performance. For more information, please visit the RYU website at: http://ryu.com.
Forward Looking Statements Disclaimer
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This news release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of RYU. There are numerous risks and uncertainties that could cause actual results and RYU's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions resulting in the inability of RYU to raise necessary financing required to enter and make payments under the proposed definitive agreements; (ii) the inability of RYU to obtain any necessary approvals in respect of the proposed agreements, including approvals necessary for the issuance of the RSU's; and (iii) inability to restructure and transform its business as required. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking statements are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, RYU does not intend to update these forward-looking statements.
View original content:https://www.prnewswire.com/news-releases/ryu-apparel-reports-304-increase-in-q3-revenue-301441917.html
SOURCE RYU Apparel Inc.
Copyright 2021 Canada NewsWire
1 Year RYU Apparel Chart |
1 Month RYU Apparel Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions