Oliveda International, Inc. announced earnings results for the first quarter of fiscal 2020. The company has reported additional sales growth in the first quarter of 2020, with income increasing 15% and net income increasing almost 75% over the same period in 2019. This continued growth comes at a time when many retailers are struggling due to the COVID-19 pandemic.

The company provided earnings guidance for the second quarter of fiscal 2020. Even with most stores closed, the company is experiencing strong online sales in the second quarter and expects even better results once that period is reported in August.