Stryve Foods, Inc. - SNAX STOCK NEWS

Stryve Foods, Inc. (SNAX) announced significant expansion plans, including new agreements with Costco and Walmart. In 2022, Stryve's products will be available at more Costco locations, enhancing its distribution footprint. A key highlight is participation in Costco's national multi-vendor mailer campaign, aiming to boost product visibility across all U.S. locations. Additionally, Walmart will increase Stryve's SKU count from two to five with new offerings starting in April. With over 30,000 retail locations, Stryve continues to grow its healthy snack presence.

Stryve Foods, Inc. (NASDAQ: SNAX) reported a 104.6% increase in net sales, reaching $9.1 million for Q3 2021, driven by substantial growth in wholesale and e-commerce channels. The company is expanding its partnerships with Costco and Walmart, with distribution anticipated in over 30,000 retail locations. Despite a net loss of $8.7 million, Stryve reaffirms its 2021 sales guidance of $31 million to $34 million, reflecting an expected 82% to 100% increase compared to the prior year.

Stryve Foods (NASDAQ: SNAX) announced its participation in several upcoming investor conferences and a conference call on November 15, 2021, at 4:30 PM ET to discuss its third quarter 2021 financial results. The financial results press release will be issued the same day after market close. Key conferences include the Craig-Hallum Alpha Select Conference, Jefferies Virtual West Coast Consumer Conference, and the SOUTHWEST IDEAS Conference. Stryve is recognized for its healthy air-dried meat snacks that are low in sugar and carbohydrates, emphasizing its mission to promote healthier eating.

Stryve Foods (NASDAQ: SNAX) announced the resignation of Co-CEO and Chief Marketing Officer Jaxie Alt, effective November 17, 2021, to pursue other career opportunities. Post-resignation, she will remain in an interim role focusing on strategic initiatives, leveraging her expertise. CEO Joe Oblas expressed confidence in the company's future, citing a robust leadership team and a strong retail presence. Stryve is positioned to drive market share growth in the healthy snacking category, with products that are low in sugar and high in protein, appealing to health-conscious consumers.

Stryve Foods (NASDAQ: SNAX) announced the appointment of Greg Christenson and Charlie Vogt to its Board of Directors, expanding the board to nine members, six of whom are independent. Christenson serves as CFO of Champion Petfoods, with extensive financial leadership experience, while Vogt brings over 30 years of executive leadership from various technology companies. The company aims to leverage their expertise to enhance growth and achieve strategic objectives. Stryve specializes in air-dried meat snacks, promoting healthier eating with products low in sugar and high in protein.

Stryve Foods (NASDAQ: SNAX) announced a significant expansion, surpassing 30,000 retail locations for its air-dried meat snacking products. The company added over 4,000 net new locations, primarily through partnerships with Speedway (2,600 locations) and Circle K (1,400 locations). This growth aligns with Stryve's strategy to cater to consumer demand for high-protein, low-sugar snacks. The expanded distribution also includes a new region in Costco, further solidifying Stryve's market presence in the healthy snacking category.

Stryve Foods, a leader in the air-dried meat snack industry in the U.S., announced participation in the Cowen 2nd Annual Health, Wellness & Beauty Summit on September 14, 2021. The virtual fireside chat will start at 12:00 PM ET and will be available live on their corporate website. Stryve focuses on healthy snacking, offering products that are low in sugar and carbohydrates while high in protein. Their air-dried meat snacks, free from MSG and preservatives, align with Keto and Paleo diets. Products are distributed through various retail channels and e-commerce.

Stryve Foods, Inc. (NASDAQ: SNAX) reported a 71.8% increase in net sales, reaching $7.4 million for Q2 2021, and a 148.3% rise in gross profit to $3.6 million, showcasing strong growth in wholesale and e-commerce channels. Despite a net loss increasing to $5.6 million, largely due to higher selling, marketing, and professional expenses from a recent business combination, the company is optimistic about future retail commitments and expanding its product offerings. Stryve's distribution now spans nearly 30,000 retail locations, indicating significant market penetration.

Stryve Foods (NASDAQ: SNAX) has launched its new product line, Stryve Nutrition, which includes Collagen and Bone Broth protein powders. These products, available in various flavors, are non-GMO, gluten-free, and contain no artificial ingredients. With a focus on healthy eating, Stryve aims to offer better nutrition than current market options. The company is expanding its retail footprint, which now approaches 30,000 locations. Co-CEOs emphasize their expertise in nutrition product development to enhance distribution and sales efforts.