Bubs share price sinks lower on Q4 update and new product launch announcement – Motley Fool Australia

The Bubs Australia Ltd(ASX: BUB) share price is sinking lower on Monday after the release its quarterly update.
At the time of writing the infant formula and baby food company’s shares are down almost 8% to 94 cents.
What did Bubs announce?
During the fourth quarter of FY 2020, Bub reported gross revenue of $13 million. This was a 5% decline on the prior corresponding period.
Management advised that this reduction was due to its strong sales in the third quarter during the height of the pand…

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