Yunhong Cti Ltd. Announces Significant Year-Over-Year Increase With Major Retailer in Critical Sell Through for Valentine’s Day 2022

Rhea-AI Summary

Yunhong CTI Ltd. (NASDAQ:CTIB) reported impressive sales data for Valentine's Day 2022, achieving a 96% sell-through rate on their Candy Blossom gift items, up from 93% last year. Additionally, stick balloon sales rose to 84% from 79% year-over-year. The company attributes this growth to a 27% increase in order flow driven by last year's strong performance. With business restructuring largely complete and a new credit facility in place, Yunhong CTI is well-positioned for future growth. Preliminary sales data are subject to change and have not been audited.

Positive

• Candy Blossom gift items saw a sell-through rate of 96%, a notable increase from 93% in 2021.
• Stick balloon sales improved to 84% this year compared to 79% last year.
• The company experienced a 27% increase in order flow due to last year's performance.
• Restructuring efforts are largely complete, enhancing operational efficiency.
• New credit facility improves financial flexibility and positions the company for growth.

Negative

• None.

Company expects momentum to build for future holidays

LAKE BARRINGTON, IL / ACCESSWIRE / February 18, 2022 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil balloons and novelty balloons, and flexible packaging products, announced strong 2022 Valentine's Day sales data with a major retailer.

The Company's Candy Blossom gift items (typically candy with ribbon and a balloon in convenient, ready for gifting arrangement) sold through at an average of 96% this year, compared to an already strong 93% in the prior year. Feedback included many stores completely selling out of their inventories by the end of the day on February 14^th. In addition, stick balloon sales were also strong, with 84% sell through this year vs. 79% in the prior year.

"Our strong sell through last year helped generate increased order flow of 27% for this year," said Jana M. Schwan, Chief Operating Officer of Yunhong CTI. "To then outperform those numbers this year is very satisfying to our organization, particularly our creative department in generating highly desirable designs. And I would be remiss not to mention our operations group in successfully addressing the material availability and logistical issues that businesses are forced to deal with today."

"This is the strong business that we rallied around," said Frank Cesario, Chief Executive Officer of Yunhong CTI. "With the restructuring of the business largely complete, along with our previously announced new credit facility, we are in much better position to focus on our core business and pursue growth opportunities."

The Company's preliminary sales data included herein is based on customer reporting. Accordingly, the preliminary sales data included herein may change. The preliminary sales data presented in this press release have been prepared by, and are the responsibility of, our management. The preliminary sales data has not been compiled or examined by our independent auditors nor have our independent auditors performed any procedures with respect to this data or expressed any opinion or any form of assurance on such data. In addition, the preliminary sales data is not necessarily indicative of the results to be achieved for the period ending March 31, 2022 or for any future period. See "Cautionary Statement Regarding Forward-Looking Statements - Safe Harbor."

About Yunhong CTI Ltd.

Yunhong CTI is one of the leading manufacturers and marketers of foil balloons and produces laminated and printed films for commercial uses. Yunhong CTI also distributes Candy Blossoms and other gift items and markets its products throughout the United States and in several other countries. For more information about our business, visit our corporate website at www.ctiindustries.com.

Cautionary Statement Regarding Forward-Looking Statements - Safe Harbor Statements made in this press release that are not historical facts are "forward-looking" statements (within the meaning of Section 21E of the Securities Exchange Act of 1934) that involve risks and uncertainties and are subject to change at any time. These "forward-looking" statements may include, but are not limited to, statements containing words such as "may," "should," "could," "would," "expect," "plan," "goal," "anticipate," "believe," "estimate," "predict," "potential," "continue," or similar expressions. We have based these forward-looking statements on our current expectations and projections about future results. Although we believe that our opinions and expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements, and our actual results may differ substantially from statements made herein. Any failure to achieve or exceed goals or projections would have a negative impact on our financial condition. More information on factors that could affect Yunhong CTI's business and financial results are included in its public filings made with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

Company Contact:

info@ctiindustries.com
+ 1-847-382-1000

Investor Relations Contact:
TraDigital IR
Kevin McGrath
+1-646-418-7002
kevin@tradigitalir.com

SOURCE: Yunhong CTI Ltd.

View source version on accesswire.com:
https://www.accesswire.com/689397/Yunhong-Cti-Ltd-Announces-Significant-Year-Over-Year-Increase-With-Major-Retailer-in-Critical-Sell-Through-for-Valentines-Day-2022

FAQ

What were Yunhong CTI's Valentine's Day sales results for 2022?

Yunhong CTI reported a 96% sell-through rate for Candy Blossom gift items and an 84% sell-through rate for stick balloons, both showing year-over-year improvements.

How much did Yunhong CTI's order flow increase for Valentine's Day 2022?

Order flow increased by 27% for Valentine's Day 2022 compared to the previous year.

What strategic changes has Yunhong CTI implemented recently?

Yunhong CTI has completed significant restructuring and established a new credit facility to focus on core business operations and growth opportunities.

Are the sales data reported by Yunhong CTI audited?

No, the preliminary sales data are based on customer reporting and have not been audited by independent auditors.

What is the stock symbol for Yunhong CTI?

Yunhong CTI trades under the stock symbol CTIB.