Welcome to our dedicated page for Better Choice Co news (Ticker: BTTR), a resource for investors and traders seeking the latest updates and insights on Better Choice Co stock.
The BTTR news page on Stock Titan provides an archive of news releases and corporate updates for Better Choice Company Inc., which historically traded under the BTTR ticker on the NYSE American. These news items document the company’s activities as a pet health and wellness business and its subsequent transformation through a business combination and name and ticker change.
Readers can review announcements describing Better Choice’s focus on pet health and wellness products designed to help dogs and cats live healthier, happier and longer lives. The company has highlighted its alternative, nutrition-based approach to pet health, its emphasis on the Halo brand for dog food, cat food and treats, and its efforts to align with trends in pet humanization and health and wellness. News releases also discuss transactions such as the sale of Halo’s business in Asia while retaining key North American operations and global operations outside of Asia.
A key theme in the BTTR news archive is the corporate evolution of Better Choice Company Inc. through its business combination with SRx Health Solutions, Inc. and the resulting name and ticker change to SRx Health Solutions Inc. and SRXH. News items describe the closing of this business combination, the related private placement, the spin-out distribution involving Halo Spin-Out SPV Inc., and the effective date for trading under the new SRXH symbol on the NYSE American.
Investors and researchers can use this BTTR news history to understand how Better Choice presented its pet health and wellness strategy, brand portfolio and capital markets actions leading up to and including the transition to SRx Health Solutions Inc. For current developments, company communications direct attention to the SRXH ticker, while the BTTR news archive remains a resource for historical context.
Better Choice Company (NYSE: BTTR) announced the promotions of Robert Sauermann to Chief Operating Officer and Donald Young to Chief Sales Officer. Sauermann, who has been with the company since late 2019, previously led the strategic direction and financial initiatives, while Young brings over 30 years of sales experience from leading brands like Merrick Pet Care. These appointments aim to strengthen leadership and drive growth in the pet health and wellness sector, aligning with the company's commitment to quality pet nutrition.
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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.
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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.