02:14 PM EST, 12/06/2024 (MT Newswires) -- Worksport ( WKSP ) said Friday that its business-to-consumer and business-to-business sales grew 51% and 60% in November, respectively, compared with September.

October B2C and B2B sales grew by 16% and 38%, respectively, according to the company.

The company said that it has discontinued private label sales and that the shift has already generated results, as November gross margins improved "notably" relative to Q3 2024 levels.

Shares of the company were up nearly 16% in recent trading.

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