LBYYQ.051.COMING OUT OF BANKO.CAP $1,2 MILLION??SALES $220 MILLION. O/S ONLY 22,6 MILLION.UNREAL.THIS WILL GO UP TO $$$ AGAIN LIKE BEFORE.IMO. WHEN LATER THIS YEAR COMES OUT OF BANKO. LBYYQ SECURITY DETAILS Share Structure Market Cap Market Cap 1,156,061 09/25/2020 Authorized Shares Not Available Outstanding Shares 22,667,869 06/12/2020 https://www.otcmarkets.com/filing/html?id=14322385&guid=IfS6UeSL49YrSth Net Sales — U.S. & Canada
Net sales in U.S. & Canada in the first six months of 2020 were $138.6 million, compared to $238.8 million in the first six months of 2019, a decrease of 42.0 percent. The decrease in net sales was driven by lower volume and unfavorable channel mix, partially offset by favorable price and mix of product sold versus the prior-year period. Net sales in all three channels decreased in the first six months of 2020 compared to the prior-year period, as impacts from the COVID-19 pandemic resulted in the closure of many retail stores and restaurants by the middle of March, resulting in many customers delaying or cancelling purchases. We continue to see declines in foodservice traffic, as reported by third-party research firm Blackbox. Net sales in our foodservice channel have decreased $74.8 million primarily due to lower volume compared to the prior-year period. Our business-to-business and retail channel net sales also declined $18.5 million and $7.0 million, respectively.
Net Sales — Latin America
Net sales in Latin America in the first six months of 2020 were $46.5 million, compared to $68.6 million in the first six months of 2019, a decrease of 32.2 percent (a decrease of 26.9 percent excluding currency fluctuation). The decrease in net sales is primarily attributable to lower volumes due to the impacts of COVID-19 and an unfavorable currency impact, partially offset by favorable price and mix of product sold. Net sales decreased across all three channels in the first six months of 2020 compared to the prior-year period, as retail channel net sales decreased $12.8 million, business-to-business channel net sales decreased $5.3 million and foodservice channel net sales decreased $4.1 million.
Net Sales — EMEA Net sales in EMEA in the first six months of 2020 were $37.4 million, compared to $60.7 million in the first six months of 2019, a decrease of 38.4 percent (a decrease of 37.0 percent excluding currency fluctuation). The net sales decrease is primarily attributable to lower volumes and an unfavorable currency impact of $0.9 million, partially offset by favorable price and mix of product sold. Net sales in the retail channel decreased $9.1 million, net sales in the foodservice channel decreased $7.9 million, and net sales in the business-to-business channel decreased $6.4 million, all attributable to lower volumes as a result of COVID-19.
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