Starco Brands, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 12:45 pm EDT
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Starco Brands, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 296,590 compared to USD 117,486 a year ago. Operating income was USD 155,065 compared to operating loss of USD 3,288 a year ago. Net income was USD 155,609 compared to USD 13,593 a year ago. For the half year, sales was USD 352,264 compared to USD 178,749 a year ago. Operating income was USD 124,763 compared to operating loss of USD 45,798 a year ago. Net income was USD 121,504 compared to net loss of USD 31,698 a year ago.
Starco Brands, Inc. is a consumer goods company. The Company operates in three segments: Starco Brands, Skylar, and Soylent. The Starco Brands segment is engaged in the development and sales of consumer goods products. The Starco Brands segment includes STCB, AOS, Whipshots Holdings and Whipshots LLC. The Skylar segment is involved in the sale of fragrances. The Soylent segment is engaged in the sale of nutritional products, mainly drinks. Its brands include Whipshots, the vodka-infused whipped cream; Art of Sport, the body care brand designed for athletes; Winona, the indulgent theater-popcorn spray powered by air; Skylar, the fragrance that is both hypoallergenic and safe for sensitive skin; Whipshots; and Soylent, a non-dairy nutrition brand. It commercializes consumer products manufactured by The Starco Group (TSG). TSG is a private label and branded aerosol and liquid fill manufacturer with manufacturing assets in verticals, including paints, coatings and adhesives, and household.
STARCO BRANDS, INC. 
