Ordinary cows’ milk contains a mix of two main types of beta-casein proteins, A1 and A2 protein. Published research suggests that a2 Milk may help avoid stomach discomfort in some people.
November 20, 2018
The a2 Milk Co. announced Nov. 19, at its annual meeting in Melbourne, Australia, an increase in year-over-year global sales and outlined its growth efforts in the U.S.
The increased sales helped fuel a 40.5% rise in total combined fiscal 2018 revenue for company. The a2 Milk Co. posted a 58.5% gain in operating earnings before income, taxes, depreciation and amortization (EBITDA) in its results for the first four months. In addition, the company reported that, in the U.S., it is continuing to build strong brand awareness with a 50% increase in distribution since the end of June 2018. To date, the company has 9,000 stores in the U.S., and sales velocities in both new and existing accounts continues.
The a2 Milk Co. is a dairy nutrition company headquartered in Melbourne. The reported revenue results represent the company’s first four months of its 2019 fiscal year.
Jayne Hrdlicka, The a2 Milk Co. global managing director and chief executive officer, said, “Pleasingly, recent research is showing the a2 Milk brand in the U.S. is successfully growing category consumption, sourcing volume across multiple product segments and trading up consumers from conventional milk. This is in line with our experience in Australia. It’s encouraging as it shows our ability to build a broad-scale brand that is ripe for further growth and expansion.”
U.S. consumers can now find a2 Milk at more than 1,000 Food Lion stores throughout the Southeast as well as at select Costco and Walmart outlets. Other major grocers carrying a2 Milk products include Wegmans, Stop & Shop, Giant Carlisle, Giant Landover, Whole Foods Market, Market Basket, Sprouts, Safeway, King Soopers, Target, Ralphs, Publix, ShopRite and The Fresh Market.
The a2 Milk Co. continues to extend the geographic reach of its U.S. distribution network across California, the Northeast and the Southeast, with plans for expansion throughout the Southwest, West and Midwest. A2 Milk products are now available in almost all 50 states and Washington, D.C., the company said.