Better Choice Co Inc. - BTTR STOCK NEWS

Better Choice Company (OTCQX: BTTR) reported its Q1 2021 financial results, showing a net sales of $10.8M, down from $12.2M in Q1 2020. The company faced a loss from operations of $5.1M while Gross Sales amounted to $13.4M. Online sales represented 59% of total sales, with a strong performance from international markets, contributing 23% of net sales. The company secured $25.6M in minimum purchases with Asian partners and closed a $12.0M credit facility, reducing annual cash interest by $2M.

Better Choice Company (OTCQX: BTTR) will conduct a conference call on May 13, 2021, at 8:30 a.m. ET, focusing on the first quarter of 2021 operational and financial results. Interested participants can join via a toll-free number or through a live webcast. A recording of the call will be available until May 27, 2021. Better Choice is committed to enhancing animal health through a nutrition-based approach, primarily selling products under the Halo and TruDog brands.

Better Choice Company (OTCQX: BTTR) has appointed Gil Fronzaglia, a founding shareholder of Blue Buffalo, to its Board of Directors. This move is expected to leverage Fronzaglia's extensive experience in the pet industry and consumer-packaged goods to accelerate the company's growth. Chairman Michael Young indicated that the appointment is a strategic step towards up-listing to a major North American stock exchange. Fronzaglia expressed enthusiasm for contributing to the company's success, drawing on his broad industry experience and connections.

Better Choice Company (OTCQX: BTTR) has announced a partnership with MLB All-Star Justin Turner and his wife Kourtney, focusing on the growth of the Halo brand. CEO Scott Lerner expressed enthusiasm about aligning with Turner's values, emphasizing their shared commitment to health and wellness for pets. The Turners have been long-time customers of Halo and are eager to promote the brand’s products. This partnership aims to enhance community support through the Justin Turner Foundation, which helps homeless veterans and children with severe illnesses.

Better Choice Company (OTCQX: BTTR) reported preliminary Gross Sales of $13.4 million for Q1 2021, a 19% increase from $11.4 million in Q4 2020, attributed to strong international sales and online performance. Net Sales for the previous year were 83% of Gross Sales. CEO Scott Lerner expressed optimism for further growth in 2021, highlighting a strategic plan. More information will be revealed in their upcoming earnings call in May.

Better Choice Company (OTCQX: BTTR) announced that CEO Scott Lerner and EVP of Strategy Rob Sauermann will present at Lincoln International's 2021 Consumer Conference on April 20-21. Scott Lerner expressed excitement for the opportunity to share their growth strategy, which builds on the strong foundation established in 2020. Better Choice focuses on innovative pet food solutions to support pet health and wellness, leveraging trends in pet humanization and nutrition-based approaches.

Better Choice Company (OTCQX: BTTR) reported its financial results for Q4 and the full year 2020, showing a transformational year with significant growth in sales. Full year gross sales reached $51.3 million, while net sales were $42.6 million. Despite a net loss of $59.4 million for the year, the company saw a notable increase in online sales, which accounted for 59% of total sales.

International business also thrived, contributing 20% to net sales. The company aims for further growth, bolstered by a new CEO and strategic partnerships.

Better Choice Company (OTCQX: BTTR) will host a conference call on March 31, 2021, at 8:30 a.m. ET to discuss operational and financial highlights for Q4 and FY 2020. The call provides an opportunity for Q&A regarding recent developments, reflecting the company's focus on improving pet health products. Interested parties can join via dial-in or webcast, with replay options available until April 14, 2021. The company promotes a nutrition-based approach, marketing products under the Halo and TruDog brands.