Part 2/7:
To shed light on these topics, further insights were gathered from various departments within the organization, especially accounting and the executive team. This collaborative effort aimed to provide a clearer understanding of the current state of the company.
Revenue Breakdown: Key Components
One notable change in the revenue structure is the growth of LTStore.com, which has significantly outperformed initial projections from prior years. What started as only 15% of total revenue has now escalated to a remarkable 55%. This drastic increase is attributed to the introduction of new product lines such as hand tools and bags, alongside a diversified mix that includes apparel and pet accessories, among others.