Welcome to our dedicated page for Stryve Foods news (Ticker: SNAX), a resource for investors and traders seeking the latest updates and insights on Stryve Foods stock.
Stryve Foods, Inc. (NASDAQ: SNAX) is a forward-thinking company dedicated to revolutionizing the healthy snacking industry. Founded with a mission to create delicious and nutritious, high-protein snacks, Stryve aims to help consumers curb cravings and achieve their fitness goals. The company's product portfolio includes a variety of snacks that are low in sugar and carbohydrates but high in protein, making them a healthier alternative to traditional snacks.
Stryve Foods manufactures, markets, and sells its highly differentiated products, focusing on convenience and nutritional value. Their offerings cater to health-conscious consumers looking for quick, nutritious snack options. The company has made significant strides in the industry, noted for its innovative approach to healthy eating.
Stryve's latest projects and achievements include the launch of new product lines and strategic partnerships aimed at expanding their market reach. Financially, the company has shown resilience and growth, with recent reports indicating positive trends in their earnings and market performance. The company frequently updates its investors and stakeholders through various channels, ensuring transparency and engagement.
In the most recent news, Stryve Foods provided updates on its financial performance for the fourth quarter of 2023 and the first quarter of 2024. According to SPINS data, the company has maintained a solid market presence, showcasing improved metrics over these periods. Stryve's commitment to innovation and customer satisfaction continues to drive its success in the competitive snack food industry.
For more information, investors and interested parties can contact Stryve Foods' Investor Relations at ir@stryve.com. Photos and additional announcements are available on their official website.
Stryve Foods, Inc. (NASDAQ: SNAX) has announced the launch of High Steaks, a new brand of high-quality, high-protein, human-grade pet treats. Known for their air-dried meat snacks, Stryve is now entering the pet category with treats featuring real, air-dried beef as the primary ingredient. High Steaks offers treats with 0g sugar and simple ingredients, designed for active and healthy dogs.
The treats come in flavors including beef, beef + liver, and beef + sweet potato. They contain no artificial additives, fillers, or preservatives. High Steaks will be available for purchase on the company's website starting in October 2024, with plans to secure retail distribution in the coming quarters.
Stryve Foods, Inc. (NASDAQ: SNAX) reported strong Q2 2024 results, showing significant improvements in key financial metrics. Net sales reached $6.2 million, up 3.0% year-over-year and 34.4% sequentially. Gross margin expanded to 27.4%, a substantial increase from 17.5% in Q2 2023. The company achieved its lowest Adjusted EBITDA loss in history, improving by 34.8% year-over-year.
Stryve updated its FY2024 net sales guidance to $23-$26 million, projecting 30.0% to 46.9% growth year-over-year. The company's transformation strategy focuses on driving profitable volumes, operational efficiency, and cost management. Stryve closed approximately $3.0 million in convertible promissory notes during Q2 to fund working capital needs for new distribution.
Stryve Foods, Inc. (NASDAQ: SNAX), a healthy snack company and leader in air-dried meat snacks, has announced the timing for its fiscal 2024 second quarter results. The company will release its results on Wednesday, August 14, 2024, after market close, followed by a conference call at 4:30 pm EDT the same day.
Investors can join the call by phone at 1-800-717-1738 or 1-646-307-1865, or via webcast at the company's investor relations website. A replay will be available until August 28, 2024, by dialing 1-844-512-2921 or 1-412-317-6671 with PIN 1111896#. The webcast archive will also be accessible on the corporate website shortly after the call concludes.
Stryve Foods (NASDAQ: SNAX), a pioneer in healthy protein snacks, has appointed Kevin Vivian as the new Chairman of the Board, effective immediately. Vivian, a former Senior VP at Frito-Lay with 32 years at PepsiCo, will lead Stryve toward profitability. CEO Chris Boever highlighted outgoing Chairman Ted Casey's strategic impact, especially in manufacturing and brand growth. Vivian's extensive experience in consumer goods and sales growth is expected to drive Stryve's next phase. The company, focusing on quality growth and profitability, values the foundation laid by Casey and looks forward to Vivian’s leadership to achieve strategic goals and shareholder value.
Stryve Foods (NASDAQ: SNAX) reported its fiscal 2024 first-quarter results, highlighting a 23.2% year-over-year increase in retail sales velocity and a 35.2% improvement in adjusted EBITDA loss. Net sales for Q1 stood at $4.6 million, flat compared to the previous year, with a gross profit of $1.0 million, despite higher commodity costs.
The company's strategic focus on quality core revenue streams and cost structure improvements resulted in an operating loss reduction to $3.0 million from $4.2 million year over year. Net loss improved to $3.9 million or $1.42 per share, from $4.6 million or $2.23 per share in Q1 2023. Adjusted EBITDA loss also narrowed to $2.3 million from $3.5 million a year ago. The company reiterated its fiscal 2024 net sales guidance of $24 million to $30 million.
Stryve secured $1.6 million in convertible bridge notes in April 2024 to support its working capital. CEO Chris Boever emphasized the company's progress and future growth, particularly in healthier, high-protein snacks.
Stryve Foods, Inc. (NASDAQ: SNAX), a leader in the air-dried meat snack industry in the US, will release its fiscal 2024 first-quarter results on May 14, 2024. The company disrupts traditional CPG categories and plans a conference call at 4:30 pm EDT the same day.
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