Stryve Foods Inc - SNAX STOCK NEWS

Stryve Foods, Inc. (SNAX) reported a record second quarter revenue of $10.9 million, up 49% year-over-year. However, the company faced significant challenges, experiencing a net loss of $16.4 million and negative gross profits of $4.4 million due to a costly promotional program. The full-year revenue guidance has been adjusted to between $35 million and $37 million. Despite these setbacks, leadership changes and a restructuring plan aim to enhance profitability, with expectations for a positive inflection in earnings during the first half of 2023.

Stryve Foods, Inc. (NASDAQ: SNAX) announced it will release its fiscal 2022 second quarter results on August 15, 2022, before market opening. A conference call is set for 10:00 AM ET that same day. Stryve is known for its air-dried meat snacks, emphasizing healthier options with zero grams of sugar and higher protein content compared to traditional snacks. Its products cater to health-conscious consumers and are available through various retail channels and e-commerce platforms.

Stryve Foods, Inc. (NASDAQ: SNAX) reported a net sales increase of 8.6% year-over-year, totaling $7.4 million for Q1 2022, with wholesale sales surging 85%. Despite a net loss of $7.3 million or $0.25 per share, this marked an improvement from a loss of $11.9 million in the previous quarter. Operating expenses decreased by 33% to $8.3 million. The company retains a strong balance sheet with $28 million in net working capital and minimal debt, reaffirming FY 2022 net sales guidance of $43-$48 million.

Stryve Foods, Inc. (NASDAQ: SNAX) announced leadership changes, appointing Christopher Boever as CEO effective May 23, 2022. Boever brings over 30 years of experience in the consumer packaged goods sector, previously holding key roles at Hain Celestial, Pinnacle Foods, ConAgra Brands, and Hormel. Joe Oblas transitions to Chief Growth Officer, emphasizing continued innovation and growth. This succession plan aims to ensure stability and drive the company's growth in the competitive healthy snack market, which focuses on delivering high-protein, low-sugar products.

Stryve Foods (NASDAQ: SNAX) is set to release its Q1 2022 financial results on May 12, 2022, after market close. Following this, Co-Founder and CEO Joe Oblas and CFO Alex Hawkins will host a conference call at 4:30 PM Eastern Time. Investors can access the call via phone or through a webcast available on the company's investor relations website. Stryve focuses on healthy snacking options, particularly air-dried meat snacks that are low in sugar and high in protein, aimed at disrupting traditional consumer packaged goods.

Stryve Foods, Inc. (NASDAQ: SNAX) released its Q4 and FY 2021 results, marking its debut Quarterly Shareholder Report. CEO Joe Oblas expressed enthusiasm for enhanced communication with shareholders. The report highlights financial outcomes, distribution achievements, strategic innovations, and preliminary guidance for 2022. Stryve focuses on providing healthy snacking options, primarily through air-dried meat products free of sugar and preservatives. A conference call is scheduled today at 4:30 PM ET for further discussions with investors.

Stryve Foods (NASDAQ: SNAX), a leader in the healthy snacking sector, will host a conference call on March 28, 2022, at 4:30 PM ET to discuss its fourth quarter and full year financial results for 2021. A press release detailing these results will be made available the same day after market close. Key executives, including Joe Oblas and Alex Hawkins, will lead the call, accessible by phone or via a live webcast on the company's website. Stryve specializes in air-dried meat snacks, with a mission to promote healthier eating.

Stryve Foods, Inc. (NASDAQ: SNAX) announced plans to enhance its manufacturing capacity for its Stryve Biltong and Vacadillos Carne Seca product lines. With $35 million raised in a private placement, the company is expanding its facility in Madill, Oklahoma and exploring additional locations. Stryve aims to capitalize on rising consumer demand for healthy snacks, focusing on product innovation and supply chain improvements. The CEO highlighted the recent completion of drying capacity upgrades and plans for consolidated fulfillment operations to support growth.

Stryve Foods (NASDAQ: SNAX) is partnering with Core-Mark to enhance its retail presence through the SmartStock^® distribution platform, targeting roughly 10,000 retail locations. This collaboration aims to utilize advanced data analytics to boost sales performance, particularly for Stryve's Biltong and Vacadillos products, which are already showing strong growth and market share. CEO Job Oblas reported an immediate revenue boost per store as the rollout begins, positioning Stryve as a key player in the air-dried meat snack industry.