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FAQs about Comvita USA: Our biggest sale of the year continues | Milled Coupon?

How did Comvita affect sales?

The company said the cancellation of major shopping festivals in the country as well as weak sales in another event severely impacted demand for Comvita's products. Sales in North America fell 26.6 percent to $26.1m. Comvita said the loss of some distribution with one major customer had a significant impact. ...

What is Comvita Limited?

Comvita Limited is a New Zealand-based food and drink company that manufactures and markets natural health products such as honey, olive oil, and toothpaste. Comvita Limited was founded in 1974 and is headquartered in Te Puke, Bay of Plenty Region, NZ 3153. Comvita Limited is led by CEO David Banfield, who currently has an approval rating of 97%. ...

Why did Comvita lose $77 million in a year?

An abrupt drop in demand from China and the loss of a major customer in North America has led honey company Comvita to report a full year loss of $77.4 million. It's a big turnaround from last years $11.1 million profit. Revenue fell from $234m to $204.3m. ...

Why was Comvita founded?

Comvita was founded by people with a mutual goal to improve people’s health while leaving the environment better than they found it. In this, the Comvita founders were ahead of their time as sustainable thinkers. ...

Why did Comvita's sales fall in China in 2024?

Sales in China fell by over $19m or 17.6 percent to $89.8m in the 2024 financial year due to economic challenges. The company said the cancellation of major shopping festivals in the country as well as weak sales in another event severely impacted demand for Comvita's products. ...