Discover How Kremi Plans to Triple Revenue by 2025!

As Caribbean Cream Limited, known as Kremi, sets its sights on a groundbreaking achievement, the goal of reaching $3 billion in revenue this financial year is no small feat. With a 13% sales growth target, the company is poised to break its own record and make waves in the ice cream industry.

1. Record Revenue Haul:
   • With sales of $2.64 billion in the previous financial year, a significant jump from $2.5 billion before, Kremi has demonstrated consistent growth. This year’s ambitious target would solidify its position as a key player in the market.
2. Right Investments for Growth:
   • Director Wayne Wray emphasized the company’s strategic investments in revamping its factory systems to support the growth plan. While it may take time to fully adapt to these new capabilities, the foundation has been set for success.
3. Impressive First Quarter Performance:
   • The first quarter sales results ending in May showed a remarkable 26% growth, reaching $764 million, with profits soaring by 130% to $15.4 million. To sustain this momentum and achieve the $3 billion revenue target, consistent sales of $746 million per quarter are required.
4. Continuous Improvement:
   • Acknowledging the positive earnings growth in the first quarter, Chairman Dr. Matthew Clarke and CEO Christopher Clarke emphasized the need for continued efforts to enhance profitability and shareholder value. Despite the progress made, the company remains focused on further improving its performance.
5. Strategic Initiatives:
   • Kremi’s recent initiatives, such as the installation of a new cold room and enterprise resource planning system, have already shown promising results. Additional enhancements in production capacity and energy efficiency further demonstrate the company’s commitment to innovation and cost reduction.

In conclusion, Caribbean Cream Limited’s pursuit of a $3 billion revenue target signifies its unwavering dedication to growth and excellence in the ice cream market. By prioritizing strategic investments, continuous improvement, and innovation, Kremi is poised for continued success and expansion. With a clear focus on delivering value to shareholders and customers alike, the company is well-positioned to achieve its ambitious goals and set new benchmarks in the industry.