Boulder, CO—The a2 Milk Company announced strong results at its Annual Meeting in Melbourne, Australia.
It reported its results for the first four months of the 2019 fiscal year. It posted a 58.5% gain in operating EBITDA, and increased distribution in the U.S. region by 50% since the end of June 2018 to 9,000 stores.
It has over 10% of the total supermarket milk category in Australia and has around 33% value share in the infant formula market. It has 5.6% share of the China infant formula category.
Jayne Hrdlicka, global managing director and CEO, 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.”
a2 Milk can be found at Food Lion stores, Costco, Walmart, Wegmans, Stop & Shop, ShopRite, Whole Foods Market, Target, Sprouts, and The Fresh Market, as well as other major grocers. Products are now available in almost all 50 states and the District of Columbia, and the company has plans for continued expansion.
a2 Milk Company exists under the theory that, far from being lactose intolerant, most people who self-diagnose as such are actually incapable of digesting one of the proteins in milk. Most cows’ milk contains A1 and A2 protein, two types of beta-casein proteins. a2 milk only contains the A2 protein type. The company works with local U.S. dairy farmers to identify cows that naturally produce only the A2 protein type and to process their milk separately, allowing those who can’t digest the A1 protein to drink real cows’ milk.