Stryve Foods Taps Core-Mark’s SmartStock Retail Distribution Building Platform

Rhea-AI Summary

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.

Positive

• Entering an agreement with Core-Mark provides access to approximately 10,000 retail locations.
• SmartStock's data-driven analytics have shown immediate sales improvement per store.
• Strong sales growth for Stryve's products, particularly Biltong and Vacadillos.

Negative

• None.

Sees Early Sales Boost, “Turbocharging” Sales Efforts In 10,000 Retail Store Program

PLANO, Texas, Feb. 03, 2022 (GLOBE NEWSWIRE) -- Stryve Foods, Inc. (NASDAQ: SNAX) (“Stryve” or “the Company”), an emerging healthy snack and eating platform disrupting traditional consumer packaged goods (CPG) categories, and a leader in the air-dried meat snack industry in the United States, and Core-Mark Holding Company, Inc. (“Core-Mark”), one of the largest marketers of fresh, food and broad-line supply solutions to the convenience retail industry in North America, announced that Stryve has entered into an agreement with Core-Mark to join the industry-leading SmartStock^® distribution building platform.

SmartStock is a guaranteed, full-service marketing program that leverages advanced data analytics and real-time insights to offer qualified Core-Mark customers key benefits of top category management, quality racks, and weekly in-store merchandising services to grow sales and profitability. 

Stryve will be a key component of the meat snack offering and will have access to approximately 10,000 retail locations serviced by the program.

“SmartStock’s data driven analytics are proving to be an immediate boost to Stryve’s revenue per store performance, as we begin rolling out in Core-Mark’s 10,000 participating retail locations,” said Job Oblas, Co-Founder and CEO of Stryve. “Stryve Biltong and Vacadillos Carne Seca are seeing strong sales growth and market share results nationwide as we expand our retail distribution footprint. Distribution partners, such as Core-Mark, are turbocharging these efforts and we are pleased to see Stryve’s retail growth rates accelerating with the use of the SmartStock platform.”

About Core-Mark
Core-Mark is one of the largest marketers of fresh, food and broad-line supply solutions to the convenience retail industry in North America. Founded in 1888, Core-Mark, part of Performance Food Group’s family of companies, offers a full range of products, marketing programs and technology solutions in the U.S. and Canada. Core-Mark services traditional convenience stores, grocers, drug stores, mass merchants, liquor and specialty stores, and other stores that carry convenience products. For more information, please visit www.core-mark.com.

About Stryve Foods, Inc.
Stryve is an emerging healthy snacking and food company that manufactures, markets and sells highly differentiated healthy snacking and food products that Stryve believes can disrupt traditional snacking and CPG categories. Stryve’s mission is “to help Americans eat better and live happier, better lives.” Stryve offers convenient products that are lower in sugar and carbohydrates and higher in protein than other snacks and foods.

Stryve’s current product portfolio consists primarily of air-dried meat snack products marketed under the Stryve^®, Kalahari^®, Braaitime^®, and Vacadillos^® brand names. Unlike beef jerky, Stryve’s all-natural air-dried meat snack products are made of beef and spices, are never cooked, contain zero grams of sugar*, and are free of monosodium glutamate (MSG), gluten, nitrates, nitrites, and preservatives. As a result, Stryve’s products are Keto and Paleo diet friendly. Further, based on protein density and sugar content, Stryve believes that its air-dried meat snack products are some of the healthiest shelf-stable snacks available today.

Stryve distributes its products in major retail channels, primarily in North America, including grocery, club stores and other retail outlets, as well as directly to consumers through its e-commerce websites and through the Amazon platform.

For more information about Stryve, visit www.stryve.com or follow us on social media at @stryvebiltong.

* All Stryve Biltong and Vacadillos products contain zero grams of added sugar, with the exception of the Chipotle Honey flavor of Vacadillos, which contains one gram of sugar per serving.

Contacts:

ICR Investor Relations:
Raphael Gross, (203) 682-8253
raphael.gross@icrinc.com 

ICR Media Relations:
Eric Becker, (303) 638-3469
eric.becker@icrinc.com 

FAQ

What is Stryve Foods' partnership with Core-Mark about?

Stryve Foods has partnered with Core-Mark to utilize the SmartStock® distribution platform, aimed at boosting sales in around 10,000 retail locations.

How is SmartStock affecting Stryve Foods' sales?

SmartStock's advanced data analytics have led to an immediate improvement in revenue per store for Stryve Foods.

Which products are seeing growth due to the Core-Mark partnership?

The partnership is particularly benefiting Stryve's Biltong and Vacadillos products, which are experiencing strong sales growth.

When was the partnership with Core-Mark announced?

The partnership with Core-Mark was announced on February 3, 2022.