Better Choice Co Inc. Stock Price, News & Analysis

On May 18, 2022, Better Choice Company (NYSE: BTTR) reported that insiders purchased 554,800 shares, approximately 2% of the company's total shares, as part of a previously announced insider purchase program. This move signals confidence in the company's future, following a record first quarter. Additionally, a stock repurchase program has been authorized, allowing for up to $3 million in shares to be bought back by the end of 2022, though no shares have yet been repurchased. Better Choice focuses on pet health products, emphasizing nutrition-based approaches.

Better Choice Company (NYSE: BTTR) announces that members of its Board of Directors and Management intend to buy approximately 750,000 common shares, representing 2.5% of the total shares outstanding. These purchases will occur in the open market, commencing May 16, 2022, and will comply with insider trading policies and SEC obligations. The timing of these transactions may vary based on market conditions. Better Choice focuses on pet health and wellness, offering products under the Halo and TruDog brands, promoting healthier diets for pets.

Better Choice Company (NYSE: BTTR) has announced a stock buyback program, allowing for the repurchase of up to $3 million in outstanding shares until December 31, 2022. The buyback will be executed in compliance with SEC regulations, with the timing and execution depending on various factors such as market conditions and the company's financial performance. This initiative reflects Better Choice's commitment to enhancing shareholder value while leveraging its cash on hand.

Better Choice Company (NYSE: BTTR) reported record financial results for Q1 2022, achieving 57% growth in net sales year-over-year, totaling $17.0 million. This growth was primarily driven by 178% growth in International sales and 129% growth in Brick & Mortar sales. The gross margin improved to 28%, up from 25% in Q4 2021. Despite these gains, the company reported a net loss of $4.0 million. Better Choice aims to expand its presence in the pet specialty market, targeting 2,000 stores by the end of 2022. CEO Scott Lerner expressed optimism for continued growth, emphasizing new product developments.

Better Choice Company (NYSE: BTTR) has scheduled a conference call and webcast for May 12, 2022, at 8:30 a.m. ET to discuss its Q1 2022 financial results and provide a business update. Interested participants can join via a toll-free number or through the online webcast. A replay will be available until May 26, 2022. Better Choice focuses on pet health and wellness, promoting nutrition-based products for pets. Their brands, Halo and TruDog, emphasize health and sustainability in pet food offerings.

Better Choice Company (BTTR) announced that its new Halo Elevate brand of super-premium, natural pet food will be available at over 600 Pet Supplies Plus locations starting in early April 2022. This collaboration positions Halo Elevate within the third-largest pet specialty retailer in the U.S., enhancing its market presence. CEO Scott Lerner expressed optimism for the partnership, noting the shared commitment to high-quality pet products.

Better Choice Company (BTTR) announced robust financial results for Q4 and the year ending December 31, 2021, achieving 18% quarterly net sales growth year-over-year. This was propelled by a remarkable 227% hike in International sales and a 6% increase in E-commerce sales. The company secured key partnerships with major retailers for its Halo Elevate brand, enhancing distribution significantly. Despite challenges, including a loss from operations of $5 million in Q4, the firm anticipates over 40% gross sales growth in Q1 2022, marking a promising outlook.