Yowie, the maker of chocolate formed in the image of an Australian mythical creature, today reported higher quarterly sale numbers.

December quarter sales for the Perth-based choccie-maker (ASX:YOW) were up 23 per cent to $US6.7 million ($8.3 million).

Earlier this month the company revised down its net sales growth guidance for 2018 to 17 per cent from 55 per cent.

Yowie has been making inroads into the US market. Earlier this month, Mark Schuessler, Global COO and Head of Yowie North America, was appointed Global CEO replacing Bert Alfonso.

“Overall, the quarter sales were solid due to the Australian and Canadian additions to the portfolio. We are seeing encouraging results in the commitment in new distribution in the US, Australia and Canada,” said Louis Carroll, chairman of Yowie Group.

Yowie (ASX:YOW) shares over the past year.
Yowie (ASX:YOW) shares over the past year.

“While we prudently invest for growth we are also intensifying our efforts to ensure Yowie is efficient and costs are managed very carefully.

“We look forward to delivering on full year net sales guidance, delivering a stronger second half of the year and restoring shareholder confidence.”

Yowies are an ape-like mythical creature, similar in some ways to the Yeti or Abominable Snowman, said to live in the Australian outback.