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Kona Gold Beverage Inc (OTCMKTS: KGKG) Reports Q2 Earnings Beating Expectation by Approximately 5.3%



Kona Gold Beverage Inc (OTCMKTS: KGKG) recently announced its 2Q results. The company recorded excellent earnings, surpassing expectations by approximately 5.3%. 

Information about recently announced financial results 

The company had a good run during 2Q. Kona Gold Beverage Inc recorded over $70 hundred thousand in revenue. The registered quarterly year-on-year increase is 248%, while 71% is reportedly the approximate increase in earnings from the previous quarter. If all works well, the company will achieve $2.5-$3 million in revenue anticipated for 2021. 

Beyond any doubt, the group has grown from strength to strength. The company started with an employee strength of nine, which scaled up to 14 in a few months. The corporate house plans to add around three to four employees every year. 

CEO is happy with the phenomenal growth

Going on record and stating that he is happy with the company’s growth, Robert Clark, CEO of Kona Gold Beverage, Inc, noted that 2Q was indeed the biggest revenue-generating quarter. Clark added that the company is on a recruitment spree motivated by the month-on-month growth across the broad spectrum of subsidiaries. 

In expanding its team, the group has added talented, skilled, and experienced professionals to its team who are keeping the cash register of the company ringing. The CEO committed that the corporate house will hire additional Territory Sales Managers for various regions across the U.S. in the months to come. Clark went on record to add that the company has witnessed a remarkable growth trend in sales of Kona Gold Hemp Energy Drinks and HighDrate CBD Energy Waters in the last few months. 

Kona Gold Beverage will participate in the 2021 edition of NACS

Kona Gold Beverage Inc will participate in the 2021 edition of the National Association of Convenience Stores (NACS), confirmed a source. At the venue, the group will display products that are sold under its beverage portfolio. The show is scheduled to be hosted between October 5 and 8 in Chicago. At the NACS premier trade show in the country, the company will give industry leaders to sample its range of products. 

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