Q2 2025 Jamieson Wellness Inc Earnings Call Transcript
Key Points
- Branded revenue growth of nearly 14% reflects sustained global demand and strategic execution across key markets.
- In China, revenue increased by 70.8%, driven by successful promotional campaigns and strong brand loyalty.
- The US market saw a 9.7% growth in the You Theory brand, with strong performance in e-commerce.
- Canada experienced a 6.8% growth in consumer consumption, supported by a successful marketing campaign and new product launches.
- International growth was driven by innovation, particularly in the Middle East, with successful health campaigns.
- Revenue in the strategic partner segment decreased by $7.2 million due to timing of customer orders and new programs.
- SG&A expenses increased by 27.2%, driven by investments in e-commerce marketing campaigns and variable compensation.
- Uncertainties surrounding US tariffs caused delays in onboarding new customers, impacting strategic partner revenue.
- Specified costs of $4.7 million were incurred, mainly due to system development and non-operating legal expenses.
- The strategic partner segment faced a decrease in gross profit margin by 110 basis points due to lower volumes and production mix.
Good afternoon, everyone. Welcome to the Jamieson Wellness conference call to discuss the financial results for the second-quarter of 2025.
(Operator Instructions) As a reminder, today's call is being recorded.
On the call today for management are Mike Palatto, President and Chief Executive Officer, and Chris Snowden, Chief Financial Officer and corporate secretary. Before I turn the call over to Mr. Palato, please note that a press release covering the company's 2nd quarter financial results was issued this afternoon. And a copy of that press release can be found in the investor relations section on the company's website. Please note that the prepared remarks, which will follow, contained forward-looking statements, and management may make additional forward-looking statements in response to your questions.
These statements do not guarantee future performance and therefore undue reliance should not be placed upon them. We refer you to all risk factors contained in Jamieson's press release issued this afternoon and filings with the Canadian Securities administrators for a more
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