NASO..... 01............ HOW CAN THUS BE Trading FOR A PENNY WITH BOOKS LIKE THIS.......... Press Release | 05/07/2024
Naples Soap Company, Inc. (OTCQB: NASO), (“the Company”), a pioneering health and wellness brand that offers high-quality skin and hair care products throughout the United States, today announced key performance metrics for the 5-month tourism season from November 1, 2023 to March 31, 2024 in Southwestern Florida, where most of the Company’s physical retail stores are located.
Revenues increased to $6.4 million for the 5-month period, a $1.1 million or 21% rise, as compared to $5.3 million during the same period in 2022-2023. Gross margins grew to 76% during the 2023-2024 season, as compared to 70% in the prior year’s 5-month tourism season. Operating expenses decreased by 1% as compared to the prior year, resulting in an increase in net profit for the 5-month period ended March 31, 2024.
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