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Starco Brands Inc (STCB) is a dynamic and innovative company dedicated to creating behavior-changing brands and products. With a core mission to transform everyday activities, Starco Brands operates as an invention factory, continually pushing the boundaries of product development and marketing.
The company's expertise lies in inventing unique products, building influential brands, and establishing new trends. Starco Brands is renowned for its cutting-edge marketing strategies, which include penetrating social media, driving consumer awareness, and generating significant traffic through innovative pull-through strategies. This approach has positioned Starco Brands as a leader in the consumer products sector.
Starco Brands boasts a world-class marketing team with a proven track record. This team has managed some of the largest and most iconic brands globally, such as Apple, Target, Uber, Volkswagen, Behr Paint, Ralph Lauren, and many others. Their extensive experience and strategic insights ensure that each product and brand under their management achieves maximum market impact.
Recent achievements for Starco Brands include the launch of several groundbreaking products that have gained considerable attention in the market. The company continues to work on exciting new projects aimed at enhancing consumer experiences and setting new standards in product innovation.
Financially, Starco Brands remains robust, supported by strategic partnerships and a strong market presence. The company consistently explores new opportunities to expand its portfolio and deliver value to its stakeholders.
In summary, Starco Brands Inc is a forward-thinking powerhouse in the consumer products industry, committed to innovation and excellence. With a history of success and a bright future ahead, the company is well-positioned to continue its growth trajectory and influence in the marketplace.
Starco Brands (OTCQB: STCB) has announced board approval for an Insider Trading Policy and stock buy-back plan. The company, which owns five growing brands including Whipshots, Winona Pure, Art of Sport, Skylar Beauty, and Soylent, reported Q2 2024 net revenue of $15.6 million with margins increasing to 37%. CEO Ross Sklar highlighted the company's progress in expanding product lines and distribution points, projecting national retail expansion and growth for late 2024 and 2025.
Sklar expressed his intention to purchase company stock, citing unique products, defensive moats, and scaling distribution as reasons for the company's success. He also noted that the enterprise value of individual brands may exceed the company's entire market cap, which is currently less than one times revenue. Following the earnings release, STCB experienced record trading volume on August 14th.
Starco Brands (OTCQB: STCB) reported Q2 2024 results with net revenue of $15.6 million and margins of 37%. The company focused on integrating acquisitions, finding efficiencies, and expanding distribution. Key highlights include:
- Whipshots® expanded to 46 states, secured 1,257 Kroger points of distribution, and landed Costco and Dave & Buster's deals.
- Skylar grew within Sephora, entered Anthropologie, and launched on Costco.com.
- Soylent launched Complete Protein Powder and achieved the highest repurchase rate in the adult nutrition category.
- Winona Popcorn Spray expanded retail distribution and plans to launch new flavors.
The company expects top-line growth in H2 2024 and substantial growth in 2025-2026.
Starco Brands (OTCQB: STCB), a developer and acquirer of behavior-changing technologies and brands, has announced it will release its second quarter 2024 financial results on August 13, 2024, after market close. The company will host a conference call to discuss these results on the same day at 1:30 pm Pacific Time (4:30 pm Eastern Time).
Investors can participate in the live call by dialing (877) 407-0792 from the U.S. or (201) 689-8263 internationally. A replay will be available until August 27, 2024. Additionally, a live webcast will be accessible on the company's Investor Relations website, with an archive available for 30 days.
Starco Brands (OTCQB: STCB) has appointed Alex Alston as Vice President of Skylar Clean Beauty, a fragrance brand known for clean, hypoallergenic scents. Alston brings extensive experience in beauty and luxury e-commerce sectors, having previously held leadership positions at Rose Inc., r.e.m. beauty, NET-A-PORTER, Charlotte Tilbury, L'Oréal USA, and LVMH.
At r.e.m. beauty, Alston led the global rollout and helped the brand win the Allure Readers Choice New Brand of the Year award. At NET-A-PORTER, he drove significant growth and launched key initiatives. Starco Brands' CMO, David Dreyer, expressed confidence in Alston's ability to merge creativity with strategic business results, which will be important for building out the Skylar brand and new ventures.
Starco Brands (OTCQB: STCB) has announced the launch of a new fragrance, Citrus Reverie, via its Skylar Clean Beauty line. Set to debut with the 'Endless Summer' campaign, the scent includes mandarin, pink pineapple, and orange flower notes, designed to evoke the essence of summer. Available from June 20, 2024, on skylar.com and June 22, 2024, on sephora.com, Citrus Reverie continues Skylar’s mission of offering hypoallergenic, sensitive-skin-safe products free from top allergens and over 1,300 questionable ingredients. The new fragrance aligns with Skylar’s sustainability goals, being 100% recyclable. The launch follows the release of other popular Skylar fragrances like Sunkissed Dahlia and Vanilla Sky.
Starco Brands (OTCQB: STCB) announced its first quarter 2024 results, reporting a 39% increase in net revenue to $15.5 million and a 26% increase in gross profit to $7.2 million, compared to the previous year. Despite these gains, the company reported a net loss of $4.3 million, up from $1.7 million in Q1 2023. The loss was attributed to increased marketing, administrative expenses, and compensation due to acquisitions made in 2023. The company projects net revenue between $72 million and $76 million for fiscal year 2024. Major highlights included new product launches and expanded distribution across its brands, including Whipshots, Skylar, Soylent, and Winona Popcorn Spray. Starco Brands also plans to reinvest in growth and operational infrastructure, which may impact short-term profitability but is aimed at fostering long-term growth.
Starco Brands, Inc. will announce its first-quarter 2024 financial results on May 15, 2024. The company will host a conference call to discuss the results at 1:30 pm Pacific Time. Investors can participate by dialing (877) 407-0792 (U.S.) or (201) 689-8263 (international). A telephone replay will be available, and a live webcast will also be accessible on the Investor Relations section of the company's website.
Starco Brands' Whipshots® has won the prestigious 2024 Growth Brand Award for the second year in a row, solidifying its position as an industry trailblazer. The vodka-infused whipped cream has experienced remarkable growth, selling 5 million cans in just two years. This award recognizes Whipshots as a mainstay in the spirits category, offering an over-the-top experience to various beverages and desserts. CEO Ross Sklar expressed gratitude for the recognition and highlighted the brand's commitment to innovation and consumer satisfaction.
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