US seafood supplier Blue Star Foods took a significant dent in its finances in 2019, seeing revenues fall 26 percent and gross profit down 35 percent after withdrawing from the private-label business.

Blue Star made the strategic decision to discontinue its private label business last year, which it called a "high revenue but low-margin business." Instead the company said it will focus efforts on its own branded products.

The company’s revenue for the year fell 26 percent to $23.8