Reborn Coffee Provides Second Quarter 2024 Corporate Update and Financial Results
fee (JVA) GlobeNewswire News Room·2024-08-20 20:31
BREA, Calif., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN), ("Reborn", or the "Company"), a leading specialty coffee retailer in the US, has reported its financial and operational results for the second quarter ended June 30, 2024. Key Financial and Operational Highlights Six months ending June 30, 2024 revenue increased 11.54% to $2.9 million. Q2'24 company-operated store gross margins improved to 72.9% compared to 65.3% for the same period in 2023. Ended Q2'24 with 11 open locations ...