Better Choice Company Inc. - BTTR STOCK NEWS

Better Choice Company (NYSE: BTTR) announced a stock repurchase of $326,000 at an average price of $3.43 per share, increasing its total repurchase in 2021 to approximately $1.6 million. The company views this repurchase as a valuable allocation of capital, reflecting confidence from the Board and management in its growth potential within the premium pet food market. Repurchases will be conducted based on market conditions and the company's financial status, funded by available cash.

Better Choice Company anticipates 2021 international sales to reach $14 million – $15 million, marking a 65% - 70% year-over-year increase from $8.6 million in 2020. During Singles Day, consumer purchases for Better Choice products soared to $2.6 million, over four times compared to 2020. The company has exceeded its year one sales targets from key Asian distribution partners, expected to aggregate over $100 million from 2021 to 2025. Enhanced marketing strategies in Asia are driving growth, leveraging partnerships with influencers.

Better Choice Company (NYSE: BTTR) announced its participation in the 10th Annual ROTH Deer Valley Corporate Access Event from December 8-11, 2021, in Park City, Utah. CEO Scott Lerner will join a panel on December 9, 2021, at 12:45 p.m. MT, followed by one-on-one meetings with investors. Additionally, a webinar titled “A BTTR Team” will be hosted by CFO Sharla Cook and other executives on December 10, 2021, at 2:00 p.m. ET. Attendees can register through provided links.

Better Choice Company reported a record Q3 2021 with 19% growth in net sales compared to Q3 2020, driven by 43% growth in International sales and 35% growth in E-commerce sales. Gross sales reached $15.9 million, surpassing previous records. However, the company recorded a $4 million loss from operations and a net loss of $3.5 million for Q3 2021. Better Choice has increased its store count target for the upcoming Halo Elevate launch from 1,500 to 2,000-2,500 stores. The company finalized an uplist to the NYSE, raising $40 million in gross proceeds.

Better Choice Company (NYSE: BTTR) will host a conference call on November 10, 2021, at 8:30 a.m. ET to discuss its Q3 2021 financial results and business updates. Investors can access the live call at +1-877-407-4018 or through a webcast link. A replay will be available until November 24, 2021. Better Choice focuses on pet health and wellness products, with brands like Halo and TruDog, emphasizing nutrition-based alternatives for pet owners. The company has a strong digital presence, driving informed purchasing decisions in a rapidly growing market.

Better Choice Company (NYSE: BTTR) announced the hiring of several key team members from well-known brands such as Amazon, Coca-Cola, and Mars Petcare. This strategic move aims to enhance its omni-channel infrastructure and accelerate growth for 2022. Notable new hires include Yvonne Cheng as Senior Director of Omni-Channel Experience, Aliy Puhalla as Director of E-Commerce Sales, and Bryan Allen as E-commerce Manager. The company also added marketing team members to support its mission of launching innovative products like Halo Elevate.

154 Agency LLC has partnered with Better Choice Company (NYSE: BTTR) to enhance its digital marketing and brand development. This collaboration aims to boost Better Choice's online visibility through refreshed investor presentations and enhanced social media management. Better Choice, known for its premium pet food brands Halo and TruDog, seeks to connect its corporate parent with its products. The partnership is positioned to help Better Choice strengthen its brand narrative and appeal to current and potential investors.

Better Choice Company (NYSE: BTTR) will participate in two significant conferences in October 2021. The LD Micro Main Event will feature a virtual presentation on October 12 at 9:30 a.m. ET. Interested viewers can register here. The Dawson James Small Cap Growth Conference will take place live on October 21 at 3:40 p.m. ET. Management will hold 1-on-1 meetings at this event.

Better Choice Company (NYSE: BTTR) has appointed Lionel Conacher and Arlene Dickinson to its Board of Directors, effective September 28, 2021. Conacher brings over 30 years of financial expertise, including leadership roles in public companies and venture capital. Dickinson, a successful entrepreneur and venture capitalist, is known for her role in CBC's Dragons' Den. Chairman Michael Young expressed confidence that their combined experience in finance, retail, and health will enhance the company's growth strategy and product innovation in the pet wellness sector.