Clearwater’s Q2 Financial Results Show Sales Dip Due to COVID-19
Canada-based Clearwater Seafoods witnessed a significant drop in sales in the second quarter of the 2020 fiscal year as COVID-19 continues to impact business.
The company recorded second quarter and year-to-date sales of CAD $106.0 million and $206.3 million respectively. At this time in 2019 those numbers hit $153.9 million and 274.0 million.
The main driver behind the lower sales total is no secret as Clearwater noted a lower foodservice demand impacting most species and regions during the first half of the fiscal year...
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